Business


PepsiCo to Buy Israel’s SodaStream for $3.2 Billion

High-tech isn’t the only area in which Israeli firms are being bought out for billions: International beverage monolith PepsiCo announced Monday that it would be buying Israel’s SodaStream for a…

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Pharma Firm Teva Moving HQ to New Jersey from Pennsylvania

New Jersey Gov. Phil Murphy says Teva Pharmaceuticals is moving its U.S. headquarters to the state from Pennsylvania. The Israel-based company is moving from North Wales to Parsippany-Troy Hills. Murphy…

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Report: Amazon Seeking Delivery Options in Israel

Amazon officials are set to arrive in Israel to meet with representatives of Israel’s Boxit, which specializes in package delivery to lockers. A report in Globes said that it appeared…

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Deal Reached to Sell Off Egged Routes

After extensive negotiations, the Egged Bus Cooperative, the Finance Ministry and the Transport Ministry have come to an agreement that would essentially end Egged’s near-monopoly on inter-city travel. According to…

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Buffett, Dimon Urge End to Quarterly Profit Forecasts

Investor Warren Buffett and JP Morgan Chase’s Jamie Dimon are encouraging public companies to stop predicting their quarterly earnings and focus on long-term goals. The two executives said on CNBC…

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