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United Kingdom

Tova Cohen

Israel's Bezeq may write down up to 2.1 billion shekels in second quarter

25 Aug 2019

TEL AVIV Bezeq Israel Telecom said on Sunday it may write down as much as 2.1 billion shekels ($599 million) in the second quarter from its mobile telephone and satellite TV units, sending its shares down nearly 7%.

UPDATE 2-Israel's Bezeq may write down up to 2.1 bln shekels in Q2

25 Aug 2019

TEL AVIV, Aug 25 Bezeq Israel Telecom said on Sunday it may write down as much as 2.1 billion shekels ($599 million) in the second quarter from its mobile telephone and satellite TV units, sending its shares down nearly 7%.

Israel eases rules on cyber weapons exports despite criticism

23 Aug 2019

TEL AVIV Israel is easing export rules on offensive cyber weapons, despite accusations by human rights and privacy groups that its technologies are used by some governments to spy on political foes and crush dissent. | Video

Israeli ex-CEO convicted in U.S. over $145 million binary options fraud

08 Aug 2019

TEL AVIV/NEW YORK A U.S. jury has convicted Lee Elbaz, the former chief executive of Israel-based Yukom Communications, of orchestrating what prosecutors called a scheme to defraud investors through the sale of $145 million of financial instruments known as "binary options."

UPDATE 1-Israeli ex-CEO convicted in U.S. over $145 mln binary options fraud

08 Aug 2019

TEL AVIV/NEW YORK, Aug 8 A U.S. jury has convicted Lee Elbaz, the former chief executive of Israel-based Yukom Communications, of orchestrating what prosecutors called a scheme to defraud investors through the sale of $145 million of financial instruments known as "binary options."

Israel's Teva Pharm profit falls less than expected, CFO to leave

07 Aug 2019

TEL AVIV Teva Pharmaceutical Industries reported a smaller-than-expected drop in second-quarter profit on Wednesday and said its chief financial officer was leaving the company.

Chipmaker TowerJazz second-quarter profit drops less than forecast, to expand capacity

29 Jul 2019

TEL AVIV Chip manufacturer TowerJazz posted a drop in second quarter profit as revenue fell due to a price cut for a renewed contract, and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand.

Chipmaker TowerJazz second-quarter profit drops less than forecast, to expand capacity

29 Jul 2019

TEL AVIV Chip manufacturer TowerJazz posted a drop in second quarter profit as revenue fell due to a price cut for a renewed contract, and said it would invest $100 million (£81.11 million) to expand production capacity at a plant in Japan to meet growing demand.

Check Point Software second-quarter results meet forecasts, reaffirms outlook

24 Jul 2019

TEL AVIV Network security provider Check Point Software Technologies reported quarterly net profit in line with forecasts thanks to growth in security subscriptions revenues, and affirmed its outlook for the year.

Israel's Gazit Globe bets on East Europe real estate with Atrium stake increase

23 Jul 2019

TEL AVIV Israeli real estate developer Gazit Globe has agreed to buy the 40% of Atrium European Real Estate it does not already own, betting on growth in densely populated urban areas of Eastern Europe.

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