Business


Xerox Ends Agreement With Japan’s Fujifilms

Copier company Xerox Corp. said Sunday it was ending an agreement to combine with Japan’s Fujifilm Holdings and is entering a settlement deal with investors Carl Icahn and Darwin Deason.…

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FOCUS: Obamacare Menu-Labeling Rules Ushered In

President Donald Trump has found one part of the federal health law palatable: He’s allowing Obamacare rules that require chain restaurants to post calorie counts to go into effect Monday.…

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Israeli Firm Frutarom in $7.1B Acquisition Deal

Israeli flavor and fragrance firm Frutarom is to be acquired by Europe-based International Flavors and Fragrances (IFF), in a deal worth $7.1 billion. Fruatrom, which has plants in countries throughout…

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Israel, Ethiopia Ink New Deals

President Reuven Rivlin visited Ethiopia as part of a delegation of Israeli business officials – the biggest ever to that country – in order to grow business deals between the…

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Car Market Remains Strong in First Quarter

The Israeli car market maintained its strength in the first quarter of 2018, statistics from Israel Vehicle Importers Organization showed. A total of 29,037 vehicles were delivered to purchasers in…

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Tel Aviv Bike-Sharing Program Shows Loss

Introduced with great fanfare three years ago, the Tel-Ofen bike-sharing program in Tel Aviv suffered a dip in the number of riders in 2017 – leading to an operating loss…

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Charles Lazarus, 94; Founder of Fading Toys ‘R’ Us

Charles Lazarus, who combined supermarket-style service with touches of whimsy in creating Toys “R” Us, a longtime retail success that fought high debt and fierce competition and finally succumbed just…

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Report: Ikea to Open Beit Shemesh Branch

Swedish furniture chain Ikea is set to open its fifth Israeli branch, this one in Beit Shemesh, a report on the MyNet news site said. The Beit Shemesh branch will…

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Bezeq Slapped With NIS 30 Million Antitrust Fine

The Israel Antitrust Authority on Wednesday slapped a NIS 30 million ($8.2 million) fine on Bezeq, claiming that it had unfairly used its size and influence to engage in anti-competitive…

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Trade in Your Luxury Watch: It’s a Booming Business

Luxury watch seller Danny Govberg is very busy these days with his Philadelphia-based company, even when he’s selling fewer new timepieces than he used to. That’s because his 102-year-old emporium,…

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Bicycle Sharing, Imported from China

The Chinese bicycle-sharing company Ofo has opened a branch in Israel and intends to do for bicycling what others have done for ride-sharing. Ofo offers an app which enables customers…

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Toys R Us to Close 182 Stores

Toys R Us, a nostalgic favorite even as many shoppers moved to Amazon and huge chains like Walmart, plans to close up to 182 stores after struggling during the year-end…

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