Articles by April, 2019

The British chip company ARM is firing several dozen workers in Israel
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The British chip company ARM is firing several dozen workers in Israel

by Ifi Reporter

Category: Hitech

The British chip company ARM is firing several dozen workers in Israel. The company refused to say how many workers would be fired, but it appears that this is a few dozen of the 200 employees employed by the development center in Israel. ARM said in response, "Like any business, ARM is constantly re-evaluating its resources and technology to ensure that we are ready to support our growth strategy." ARM recently re-evaluated our investment in the IoT Services Group to increase effectiveness And our ability to respond to customers and this may affect a small number of positions in Israel...

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Apr 2, 2019

Elbit Systems acquires night vision activity from Harris for $ 350 million
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Elbit Systems acquires night vision activity from Harris for $ 350 million

by Ifi Reporter

Category: Financial

Elbit Systems has signed a binding agreement to acquire night vision activity from Harris for $ 350 million in cash. Completion of the transaction is conditional upon approval of the merger between Harris and L3. The merger will create the sixth largest security company in the US with a market cap of $ 34 billion.The merger, announced in October 2018, was approved last Thursday by the shareholders of both companies, but regulatory approvals are still required. Harris and L3, Harris was required to sell its night vision activity, with a sales turnover of $ 150 million a year. The night...

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Apr 6, 2019

Blue & white chair, Benny Gantz: we will not withdraw from obligation to more than million citizens
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Blue & white chair, Benny Gantz: we will not withdraw from obligation to more than million citizens

by Ifi Reporter

Category: Government

After counting ninety-four percent of the votes in the elections - equality in seats between Likud and blue and white: thirty-five each. The ultra-Orthodox bloc has sixty-five seats, compared with fifty-five for the center-left bloc and the Arab parties The ultra-Orthodox parties - Shas and United Torah Judaism - received eight seats each, the Labor Party and the New Tal list, six each for the right-wing parties and Yisrael Beiteinu, five for Meretz and four for each. Ten o'clock at night is sixty-seven percent and nine-tenths. The prime minister and Likud chairman Benjamin Netanyahu...

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Apr 9, 2019

 Thermal power plant at Ashalim in the south will supply electricity to the national grid
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Thermal power plant at Ashalim in the south will supply electricity to the national grid

by Ifi Reporter

Category: Hitech

Israel's largest renewable energy project and one of the largest and most complex in the world, has completed the construction stage and is starting to operate commercially. From tomorrow, Negev Energy's thermal power plant at Ashalim will supply clean electricity to the national grid. Negev Energy received all the necessary approvals, including a permanent license for the generation of electricity from the Israel Electric Corporation, and it will begin tomorrow at the commercial operation stage of the nearby solar thermal power plant To Ashalim in the Negev. Negev Energy (50%), the Noy...

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Apr 10, 2019

Israel Electric company acquires from GE gas turbines and related maintenance services
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Israel Electric company acquires from GE gas turbines and related maintenance services

by Ifi Reporter

Category: Government

The IEC signed a new acquisition deal with General Electric of the United States for the supply of gas turbines and related maintenance services. The purchase is intended for the construction of the new power station, the first of two, to be built by the IEC in Hadera, with an operational date of mid-2022. As part of the IEC reform, it was decided that four out of the 6 coal-fired power stations in the new station would be shut down when the power generation that was lost was closed by the IEC to build two new power stations that would operate on natural gas, cleaner and cheaper to...

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Apr 16, 2019

The competition authority: reduced the fine on Coca Cola israel by 11 million Shekel
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The competition authority: reduced the fine on Coca Cola israel by 11 million Shekel

by Ifi Reporter

Category: Financial

The competition authority decided to reduce the administrative fine it is considering to impose on Coca-Cola Israel for the abuse of monopolistic power and breach of the terms of a merger with Neviot. This emerges from a revised letter of hearing sent today to the Central Bottling Company, which markets Coca-Cola products in Israel. According to the amended version, the Authority decided to retract its intention to impose a fine of NIS 340,000 on the CEO of the distribution company, Nir Levinger.The decision on the amended fine is also subject to a hearing, according to the Authority, for...

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Apr 16, 2019

"IMU malfunction led to a chain of events in the spacecraft which turned off the main engine"
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"IMU malfunction led to a chain of events in the spacecraft which turned off the main engine"

by Ifi Reporter

Category: Hitech

According to the preliminary investigation of the Israeli spacecraft Beresheet's landing maneuver, following an IMU malfunction a command was uploaded to the spacecraft. This led to a chain of events in the spacecraft, which turned off the main engine and prevented proper engine activation. The SpaceIL and Israel Aerospace Industries (IAI) team continues to investigate what occurred during the mission. In the coming weeks, final results of the investigation will be released

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Apr 17, 2019

Check Point 1st Q profit: $ 205.5 million, higher than analysts forecasts
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Check Point 1st Q profit: $ 205.5 million, higher than analysts forecasts

by Ifi Reporter

Category: Hitech

Check Point completed the first quarter of 2019 with slightly higher revenues and profits than analysts' forecasts. The company's revenue grew by 4.3%, with revenues from security services increasing by 13.1% compared to the corresponding quarter to $ 144 million, while product and license revenues fell 4.5% to $ 113 million. Revenues from software and maintenance updates totaled $ 215 million, up 3.9%. The company posted a net profit of $ 1.32 per share, one cent above market forecasts. Earnings totaled $ 205.5 million. Down from 264 in the last quarter of 2018

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Apr 18, 2019

The Ministry of Economy will forfeite guarantees of about 1 million Shekels from 6 companies
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The Ministry of Economy will forfeite guarantees of about 1 million Shekels from 6 companies

by Ifi Reporter

Category: Government

The Ministry of Economy and Industry will take the process of forfeiting guarantees in the amount of more than one million shekels from six companies, since they did not meet the conditions of the competitive procedure for the import duty free of cheeses, fresh meat and butter. Willi Food did not meet the conditions of the tender for duty-free quotas. The failure of the company led to a review of the implementation of the procedure conditions. It turned out that importers, including Willy Pod, enjoyed the exemption from customs and did not transfer it to the consumer. After a hearing, the...

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Apr 21, 2019

Teva is stopping its development of Fremanezumab which should treat headaches
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Teva is stopping its development of Fremanezumab which should treat headaches

by Ifi Reporter

Category: Health

Teva has announced that it is discontinuing its clinical development program for the use of fremanezumab in cluster headache. A feasibility study of the phase 3 study of headache from temporary clusters found that the primary goal of the study - an average change from baseline to a weekly average of a number of rhythmic headache attacks during the four weeks of treatment - is unlikely to be achieved. As a result, Teva is discontinuing the Phase III clinical development program ENFORCE, which also included long-term safety research. The program previously included research into chronic...

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Apr 22, 2019

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