Israel Business News

Elbit said revenue in its electro-optics area of operations increased in the third quarter of 2009 compared with that of the third quarter of 2008, mainly as a result of increased sales of night vision equipment. Article continues after advertisements...

All areas of the company will be looked at, including distribution and purchasing, the company said. ´This programme will focus on all aspects of our business, including store expenses, supply chain, and overhead across the group. Separately, we will deliver...

Originally published Tuesday, November 17, 2009 at 12:16 PM Computer security co. Fortinet plans IPO this week Fortinet Inc. plans to go public Wednesday in an initial public offering, giving investors a chance to tap a network security provider with...

for a majority stake in GVT, in which Israeli businessman Shaul Shani owned the 29.9% controlling core through Swarth Group. The acquisition underscored Vivendi's determination to expand quickly in emerging markets. Article continues after advertisements Vivendi acquired all of Swarth...

These firms recently filed with the U.S. Bankruptcy Court's local court clerk's offices. Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a plan approved...

Watson Pharmaceuticals Inc posted lower net income on Wednesday, as the generic drugmaker added spending to launch two brand-name medicines and saw lower revenue from its distribution unit. Net income fell to $63 million, or 55 cents per share, from...

Human Genome Sciences said early Monday that its experimental drug to treat lupus was effective in its second big clinical trial, raising the chances that the first new treatment for the disease in more than 40 years will make it...

This copy is for your personal, non-commercial use only...ING Groep NV, on the verge of a planned split-up mandated by the European Union in return for it receiving state aid, said Wednesday that it swung to a third-quarter net profit....

Its stock has been somewhat volatile in the past few months, but it sprang to life recently after it beat Wall Street's third-quarter expectations, despite lower year-over-year earnings and revenue. Its domestic home robot sales saw weakness in the quarter,...

ABB Ltd Thursday reported a 12% rise in third-quarter net profit on the back of reserve releases, but said due to weak demand from industrial manufacturers and construction firms the outlook for the remainder of the year and 2010 remains...