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Stock exchange and the latest financial / business news.
News 22.04.2005 - 16.08.2006
News 25.10.2004 - 21.04.2005 click here.
News 03.05.2004 - 24.10.2004 click here.
News before 03.05.2004 click here.
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16.08.06 Tel-Aviv Tel-Aviv 25: 802.80
Stock Exchange Tel-Aviv 100: 823.32[1]
Tel-Tech15: 342.14
Kamur Purchase six real estate assets in West Germany for € 52.2M
Magal Systems New orders for $ 1.7M
Ituran 2nd Q income: $ 25M
Comverse Mr. Kobbi Alexander (Chairman) wanted by the FBI.
07.08.06 Comverse Request SEC to delay F20 deadline
M System Increase in turnover by 72%.
Alon USA 2nd Q net profit: $ 43.1M
Koor Industries 2nd Q net loss: $ 21.3M
Oil Refineries Ashdod facility sold to Zadik Group.
Teva Year 2006 estimated turnover: $ 2.17Bn
Delek Purchase Republic Insurance Co. (USA)
27.06.06 Fishman Eliezer Estimated loss in the currency marker increased to (Turkish Lira): $ 400M
Retalix Dutch food retailer Laurus has selected Retalix StoreLine
as the in-store solution for its 400 supermarkets in Holland.
GOLAN FINE CRAFTS Criminal investigation against company's chairman Mr. Oded Dasso
Mr. Dasso allegedly holds $ 4.8M of company's money.
SEC ordered suspension of trade in company's shares.
Tel-Aviv Stock Ex. Tel-Aviv 25 = 796.32
Tel-Aviv 100 = 809.25
TelTech 15 = 354.64
Marvell (MRVL) Purchase Intel's communication chips mfg. company (including DSPC)
for $ 600M
15.06.06 Bank of Israel Published misleading information to the public.
Consumer Price Index Remains unchanged for June 2006
Eli Reifman Delays in payment of $ 70M bonds.
Dor - Alon The supreme court reject attempt to merger with Sonol. (Granit Carmel ).
07.06.06 Eli Reifman Delays in payment of $ 70M bonds.
Requested the local court to permit dividend payments from
Emblaze although the company never made any net profit.
Mr. Reifman issued personal bonds for $ 70M at 5%.
The trustee, Leumi Bank ordered to pay off the bonds.
Ormat Ormat Tech. new construction orders for $ 29M in Canada.
Zim Purchase 8 containers ships from Hyundai for $ 1Bn.
25.05.06 Hapoalim Bank 1Q 2006 net profit: $ 262M
Fishman Eliezer Estimated loss in the currency marker (Turkish Lira): $ 220M
Mr. Fishman is a major shareholder in:
C.A.L. (Visa) Ltd., Yediot Aharonot Ltd., Globes Publishing Ltd.,
Alliance Ltd., Home Centers Ltd., Mega Sport Ltd., Best Buy Ltd.
HOT Year 2005 turnover: $ 463M. Net loss: $ (122M)
17.05.06 Cellcom 1Q 2006 net profit down to : $ 27M
Financial exp. increased to $ 4.5M
Retained earning in 2005: $ 740M. (Before dividend).
Retained earning in 1Q2006: $ 10M.
Decrees in Cash 1Q2006: 3$ 334M
Cellcom Will issue bonds for $ 65M.
I.D.B. Expecting Cellcom's dividend for $ 61M
Elbit Systems 1st. Q 2006 net profit: $ 14.5M.
11.05.06 Israeli Banks Total income from distribution commissions for a year : $ 130M
Tel-Aviv Stock Exch Tel-Aviv 100 = 916.11
TelTech = 415.39
Machteshim Agan 1Q income: $ 494M. Net profit: $ 57.7M. (Down 5%)
Deutsche Bank AG Purchase 3.06% of Israel Discount Bank shares. Option for additional 3%.
Alon USA 1Q 2006 net profit: $ 54M
Teva Pharm.. 1Q 2006 net loss: $ 1Bn.
05.05.06 Iskar  ( IMC ) Wertheimer sold 80% shares to Berkshire Hatherway for $ 4Bn.
Iskar average turnover for the last 5 years estimated a $ 1.2Bn.
Net profit estimated at 20% - 30% of turnover.
01.05.06 Comverse Tech. The chairman and CEO Mr. Alexander announced his resignation.
I.D.B. Inv. Purchase 30% of Koor Ind. For $ 450M.
27.04.06 Orckit Year 2005 net profit: $ 5,800K
Emblaze BLZ Year 2005 turnover: $ 130M, Net loss ($ 21M)
Tschuva Negotiations to purchase Koor Industries for $ 330M
17.04.06 Barak 013 Negotiation to merge with Netvision.
MMN Decrease in profit. Layoff 30 employees.
New Pharm Merger with Super Sol maybe approved.
Clal Insurance Purchase Ilanot Discount for $ 123M
Lipman Veriphone will purchase holdings at $ 800M
09.04.06 Citibank If more then $ 50M lawsuits are forward against Cellcom we have
Cellcom the option to ask clearing of the $ 300M loan.
dor - Alon Merger with Sonol was approved.
IAI Year 2005 turnover: $ 2.3Bn. Net profit: $ 25M
Hapoalim Bank Year 2005 net profit: $ 624M
22.03.06 Dor Alon Year 2005 net profit: $ $ 7.6M
Lipman VeriFone offer to purchase holdings for an estimated $ 850M ( more then
20% of market value).
Tnuva Year 2005 turnover: $ 1.140Bn, net profit: $ 43.35M
20.03.06 Efkon Year 2005 turnover: $ 26.5M. Net profit: $ 1.2M
Discount Investments Year 2005 net profit: $ 97M
19.03.06 IAI Elta negotiates selling Falcon EWCS system for $ 1.1Bn to S. Korea.
Refael Year 2005 income: $ 800M,  Orders in process: $ 1.8 Bn.
17.03.06 Azurim Ltd. Dankner (I.D.B.) sell all holdings to Boymelgreen for estimated value
$ 500M before dividend.
15.03.06 Golf Group. A.K. Dividend NIS 2.0236  per share. Total of NIS 60M
Record date: 23.03.2006
X date:  26.03.2006
Payment date: 09.04.2006
Crystal Consumer Year 2005 turnover: NIS 270,427K. Net profit: NIS 11,563K
CitiBank May request change loans terms if lawsuits against Cellcom will
exceed $ 50M. Citibank loans to Cellcom are estimated at $ 350M.
Lawsuits against Cellcom are expected to exceed $ 100M in
property damages and health's risks.
Cellcom turnover is expected to decrease due to WiFi technology
enabling free VOIP.
08.03.06 TASE
Tel-Aviv 25 = 812.64
Tel-Aviv 100 = 834.94
Tel-Tech = 436.72
Elbit (VSI) New contract for $ 71M from Lockheed Martin's F-35
Ormat Tech. Year 2005 net profit: $ 15.2M
Haifa Chemicals Shareholder negotiates to sell holdings.
El-Op $ 35M contract was cancelled by the Turkish.
Alon USA Year 2005 net profit: $ 104M
09.02.06 Bluephoenix Solu. announced today that pursuant to the Company’s prospectus dated
February 1, 2006 the company has successfully completed an underwritten
public offering of convertible notes in Israel.
Maariv Holdings Maalot rated Maariv's bonds as A.
Discount Invest Sold all holdings in Tafron Ltd. for NIS 80M
02.02.06 Discount Investments Cellcom will have to pay compensation to people living near radiation
facilities, further mote, Cellcom may be responsible for properties and
health damages.
It is reasonable to estimate that a multi million $ suites will be submitted.
24.01.06 First International Purchase Otzar Hahayal Bank from Hapoalim Bank for $ 152M.
First Interantional Bank paid 182% of Otzar Hahayal capital.
19.01.06 Ormat Tech Submitted From F-3 ( of the self balance sheet ) to the SEC in attempt
 to raise up to $ 1BN in bonds and options
IsraAir Authorized to operate flights from Tel-Aviv to N.Y. on normal basis.
Groupe Coface Purchase 60% of BDI shares.
Cellcom Multi millions Dollars lawsuits against the company.
02.01.06 TASE Trading in Industries & Investments Of Sefen shares are suspends.
( SEFEN ) The company did not submitted balance sheet on time. ( 30.09.05)
The Israeli SEC conduct an inquiry.
Shamir Food Ind. Uncertainty bout company's ability to pay debts.
Elisra New contract from Hungarian Air Force for $ 80M
01.01.06 Elite-Strauss Increase international activities to 50%.
Teva Pharm. FDA approves generic Simvastatin market value at $ 4.4Bn.
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31.12.05 Year 2005 Tel Aviv 25: + 33.2%
Tel Aviv 100: + 29.4$
Tel Bank: + 55.2%
Interest rate: 4.5%
Total capital raised in Tel Aviv Stock Exchange (TASE): $ 11.35Bn
Total value of TASE: $ 222.39Bn (+28%).
Corrency rates:
US$ = 4.6030
€ = 5.4465
₤ = 7.9406
¥ 100 = 3.9211
Can$ =  3.9642
Aus$ =  3.3772
CHF. =  3.4985
Elite-Strauss Merger by Elite-Strauss International with Santa Clara coffee co. from Brazil.
The merger company will be Brazil's second largest coffee company.
Oil Refineries A dividend for $ 100M
22.12.05 ELBIT MEDICAL  Dividend $1.11  per share. Total of $28.2M
Record date: 22.12.2005
X date:  04.01.2006
Payment date: 17.01.2006
13.12.05 Ormat Sell holdings in Orbotech for $ 7.2M
IAI New contract from Australian Air Force.
Elbit Systems New contract in S. Korea for $ 260M
24.11.05 El Al 3rd Q 2005 turnover: $ 485.2M. Net profit: $ 52.2M
B.D.I. 18 International Air Lines companies submitted a law suit for NIS 2,900,000
Business Data Israel agains B.D.I - Business Data Israel Ltd.
16.11.05 Machteshim Agan Shares buy-back was initiated for $ 150M
Dor Chemicals Dankner's holdings are for sale.
D.B.S. (YES) 3rd Q net loss: $ 21.3M
Cellcom 3rd Q net profit down to: $ 30.6M
08.11.05 Tower Semiconductor The 2005 third quarter loss was $55.4 million.
Teva Pharm. 3rd Q 2005 turnover: $ 1.3Bn. Net profit: $ 267M
Discount Bank Negotiations to purchase Union Bank for $ 220M
01.11.05 888.com 3rd Q 2005 turnover: $ 70M
Super - Sol Maalot rated Super - Sol $ 110M bonds as ( AA )
Leumi Bank Purchase 95% of Eurom Bank S.A. in Romania for $ 41.7M
Elbit Systems A joint venture with Rockwell Collins, VSI, awarded JHMCS contracts
valued at more  than $100 million.
30.10.05 M Systems Submitted a prospectus in attempt to issue shares in $ 200M
I.M.I Israeli Military Ind. Employees will receive today a partial salary payments.
Hapoalim Bank Will purchase 10% of Cellcom for $ 200M
Partner Fishman, Delek Group and Yediot Group negotiation to purchase
Partner from Orange Group.
19.10.05 Hapoalim Bank Purchase 15% of Delek Real Estate from Mr. Tshuva.
Mr. Tshuva will purchase Hapoalim holdings in Industrial Buildings Ltd.
State of Israel No. 28 in corruption of government and civil sectors.
I.D.B. Inv. Leumi Bank can be a part of our portfolio.
07.10.05 I.D.B. Dividends from Clal and  Discount Investments for $ 130M
Errison Attempts to sell Shikun U Binui for $ 390M
Check Point Purchase Sourcefire for $ 225,000,000
ClubMarket Settlement with creditors was established. Total debts: $ 160M
Comverse Purchase GSS for $ 251,000,000
KNAFAIM - ARKIA  Sold holdings ( 24.9%) in Kishrey Teufa for $ 1,018,000
ELBIT SYSTEMS LTD Elbit Systems Awarded a $57 Million Framework Contract (IDIQ), To 
Supply the Aviator’s Night Vision Imaging System/Heads Up Display 
(ANVIS/HUD) System for US Army and other DOD Helicopters 
JERUSALEM ECONOMIC Negociations to purchase 8 assets in Germany for € 14,600,000
23.09.05 Taro FDA approved a generic Bactroban.
Israel Corp. Negotiations to purchase government holdings in Oil Refineries
on a dead end. 
The State: "We will prosecute the Israel Corp for backing up from an
agreement. The Israeli Corp continued its negotiations methods since 
purchasing government shares in Zim".
Bino Zadik May purchase some holdings in Cellcom from I.D.B.
Phoenix Delek will increase holding to 45.35% to mach Shahar - Kez holdings.
22.09.05 Cellcom A multi million $ lawsuits are forwards. Cellcom antennas may cause
cancer. Cellcom continue to install antennas in apartments buildings.
I.D.B Investments Finalized Cellcom purchase.
Medinol Boston Scientific will pay $ 750M as compensation. All previous 
agreements are cancelled.  Medinol agreed stop any legal 
actions against BS.
19.09.05 Delek Group Purchase 33% of The Phoenix Insurance Co. from Mr.Shlomo Eliyahu
for $ 200M.
Tower Semi. Cooperation with SandDisk.
Scop Agreement to purchase $ 36 - 38M of aluminum.
Military Ind. Government try to sell its holdings.
13.09.05 PERRIGO COMPANY Has received tentative approval from the U.S. FDA to manufacture
 and market Famotidine Tablets USP, 20 mg
Hapoalim Bank Will purchase holdings in C- Kredi ve Kalkimna Bankasi A.S for $ 113M
Dor Chemicals Dankner negotiating to sell holdings.
04.09.05 ITURAN Submitted registration statement on form F-1 to the SEC. ( NASDAQ )
STRAUSS-ELITE LTD Completed purchasing MK PREMIUM coffee brand in Poland for $ 31M
24.08.05 Omnitech 2Q 2005 turnover: $ 28,517K. Net profit ( loss ): $ 199K
Ace The Receiver request court decision between two offers.
Gaon Zbeida offer was not approved yet.
23.08.05 Blue Square Bronfman-fisher shall sell to Alon ordinary shares in Bronfman Alom ( the
holder of approximately 77.63% of Blue Square's outstanding shares) in
consideration for 30 million dollars, according to a company value, which 
reflects the company’s value (100%) of approximately $462 million dollars
for Blue Square [before reducing the liabilities of Bronfman Alon].
Internet Gold Purchase 50% of Internet site Tipo.
C.I.L. 2Q 05 net profit: $ 22.48M
22.08.05 Pinnes Ofir Compensation from cellular companies. (Cellcom, Orange and Pelephone)
Cellcom continue its brutal activities against residents near the company's
antennas all over the country.
I.E.C 2Q 2005 turnover: $ 1.5Bn. Net profit ( loss ): $ 89M
Oil Refineries 2Q 2005 turnover: $ 1.5Bn. Net profit ( loss ): $ 89M
Castro Model 2Q 2005 turnover: $ 22M. Net profit ( loss ): $ 1.6M
Super - Sol Purchase Club Market Ltd.
Gaon Zbeida Group. Purchase Ace Buy & Build Ltd. For $ 21M
16.08.05 Ikea Israel Year 2004 turnover:$ 77M. Net profit: $ 7.8M
Year 2005 estimated turnover increase by 8%.
Dankner - I.D.B.Inv Sign the agreement to purchase Safra's shares in Cellcom.
Discount Investment The agreement with BellSouth is expected during next month. 
Discount Investment will pay $ 720M for Safra's 34.75% holdings.
Discount Investment will pay $ 1,350M for Cellcom.
It is reasonable to estimate that Cellcom's retained earning will
used for dividends during this year. ( $ 700M
Cellcom as other cellular companies is under attack from home owners
and resident who lives near the microwave antennas.
A nation wide protests against the cellular companies is expected to
continue.
The Safra family sold holdings in Cellcom as part of strategic decision
to avoid any business activities in Israel. During year 2004 Safra sold
holdings in The First International Bank in Israel.
Index The consumer price index in 07/2005 was 1.1%.
The expected inflation in year 2005 2%.
MAMAN- CARGO Arcive Year 2000 Ltd. purchase Arcive Jerusalem Ltd. for $ 1,750K
El - Al 2Q 2005 turnover: $ 423M. Net profit ( loss ): $ 30M
A decrease in turnover and profit can be expected in an "Open Sky"
policy will be enforce by the Israeli government.
15.08.05 Club Market Expected to request to extend the " Stay of proceeding" status.
Mei Arad Request "Stay of proceedings" for a $ 40M debts.