CET setting up Yeruham educational technology incubator

The incubator will raise $10 million over five years for Israeli entrepreneurs in education to develop and produce technology models and solutions.

Court grants 015 Hallo stay of proceedings

The MVNO was the first to offer unlimited calls for a flat fee of NIS 99 per month.

Philippine contract boosts Alvarion

Alvarion has won a multimillion-dollar contract from the Philippine Long Distance Telephone Company to supply Wi-Fi access solutions.

Turkey falls to sixth among Israel's export destinations

In the first quarter last year, Turkey was third. The UK has become Israel's largest market in Europe.

Dov Moran's new start-up lets consumers record calls

Users of the Sherut.net app can record conversations with service representatives on the company's server.

Maxim Group initiates coverage of Tower

Analyst Ashok Kumar rates Tower "Buy", but with a lower price target than most.

Turkish media: Israel to station troops in Cyprus

"Anatolian News Agency" adds that 30,000 Israeli workers and their families will move to Limassol.

Shekel strengthens against dollar

The shekel is stronger against the US dollar but weaker against the euro in early trading.

Chinese bank offers to fund Israeli solar energy projects

The China Development Bank is offering to finance mid-sized and large projects of 1-50 megawatts

Additional Jerusalem budget contradicts gov't cutback guidelines

The allocations are intended to expand the capital's public and tourism space over the next six years.

Fears that more countries will join settlement boycott

Denmark and South Africa have already announced special labels for goods produced in West Bank settlements.

Gov't passes earthquake retrofitting amendment

It will now be possible to add 2.5 additional floors to buildings as part of National Outline Plan (retrofitting structures against earthquake).

Laline opens 15 stores in Singapore

Laline is also expanding its operations in Japan, with the opening of its sixth store in the country.

Rami Levy wants HOT, Golan cooperation

The use prices MVNOs agreed for carriers' networks are no longer relevant due to the cheap plans offered by HOT and Golan.

Partner switching employees to customer service

CEO Haim Romano has ordered the transfer of as many employees as possible to customer services to meet demand to match the new carriers' prices.

Prolor CEO: It would make sense to find a partner

Prolor is seeking to become the first company to market a longer-lasting growth hormone.

FDA approves Teva's generic version of blood thinner Plavix

Brand Plavix has $6.7 billion in annual sales in the US.

Dankner: We have enough cash through 2014

Nochi Dankner tells "Globes": "I compromised on the price of Clal Industries, because IDB Development's liquidity is very important."

Teva's board reelects Phillip Frost as chairman

Dr. Phillip Frost was unanimously elected for a second three-year term.

Swiss fund invests $20m in ILD Energy

The VNG fund will hold 9.33% of ILD Energy, a partner in the Sarah and Myra exploration licenses.

Clal Insurance posts 48% profit rise

The results reflect gains in the capital market during the first quarter.

Denmark to label West Bank settlements products

Danish Foreign Minister Villy Sovndal: This is part of EU support for the Palestinians. South Africa has announced a similar step.

IDB sells 50% of Clal Industries to Blavatnik

The sale to Len Blavatnik's Access Industries values Clal Industries at NIS 2.55 billion, a 41% premium.

Clal Industries sale stops IDB rot

The NIS 1.27 billion sale of 50% of Clal Industries and good results from Clal Insurance have boosted the troubled group on the TASE.

Gasoline price set to drop NIS 0.40 per liter on June 1

The question remains whether the government will restore the cut in fuel excise.

Chinese managers to study entrepreneurship in Tel Aviv

About 1,000 senior executives and entrepreneurs from Nanjing are expected to participate in a special program at Tel Aviv University over the next five years.

IDB slide continues

Discount Investment plunged 22.6% today. Senior banker: Dankner must take tough decisions, like Leviev.

Life sciences salaries 30% lower than in high tech

Demand is growing for workers in the life sciences, including a 20% jump in demand for chemists.

Web analytics marketing co Amadesa acquired by LivePerson

LivePerson CEO Robert LoCascio: Amadesa technology will provide us with sophisticated, machine-learning predictive modeling.

Egypt resumes gas deliveries to Jordan

The move comes as Egypt has severed supplies to Israel and cancelled the gas sale contract with EMG.

Turks claim Israeli plane violated North Cyprus airspace

"AFP" reports that the alleged violation is in a controversial oil and gas exploration area.

Prolor Biotech raises net $35m in AMEX secondary offering

The company will use the proceeds for R&D and clinical trials, and maybe for acquisitions as well.

Golan Telecom, Hot Mobile recruit 20,000 subscribers

Interest in the new mobile virtual network operators (MVNO), such as Rami Levy Communications Ltd. and Alon Cellular Ltd., has waned.

Tower reports 39% rise in revenue

Tower Semiconductor predicts $163-173 million revenue for the second quarter, reflecting no change over the first quarter.

Alvarion mulls selling WiMax division

The 4G wireless broadband solutions provider denies plans to fire dozens of employees.

Growth boosts shekel against dollar and euro

The shekel is stronger against both the dollar and euro in inter-bank trading today.

Water treatment co Desalitech raises $6.25m

The investment, led by Liberation Capital LLC, will be used for expanding Desalitech's business and working capital.

Stanley Black & Decker in talks to buy AeroScout

The US giant is in advanced talks to acquire the real-time Wi-Fi RFID company for $200-250 million.

Mitt Romney expected to visit Israel

Rumors are rife in Washington that Republican candidate for the US presidency Romney plans to upstage President Obama in Israel.

Treasury official: We have a severe spending problem

Multi-year programs such as roads and pre-school education look like being rescheduled in the 2013 budget.

Rosetta Genomics skyrockets on Medicare coverage

Medicare will cover costs of the company's diagnostic test for cancer.

Belinkov: There's a price to pay for competition

Ram Belinkov tells "Globes" that he believes that prices will stabilize, but not all the carriers will survive.

Foreign lawyers allowed to practice in Israel

Finance Minister Yuval Steinitz today signed a directive regulating the work of foreign lawyers in Israel.

Home purchases by young couples rose 12% in Q1

Finance Ministry: Young couples bought 42% of all apartments sold in the first quarter.

Delek: Gov't understates gas reserves by 1 TCM

Delek says the government is systematically manipulating data to influence the Tzemach Committee to restrict gas exports.

MoneyTree: VC investment halved in Q1

pwc Israel: Investment will rise later this year, but we expect investment in 2012 to be much less than in 2011.

Economy grows faster than expected

GDP rose by an annualized 3% in the first quarter, which was above analysts' expectations.

Partner offers NIS 125 unlimited calls plan

The Clear Unlimited plan offers unlimited calls and SMS messages, and 500 megabits of internet access.

Air France to inaugurate Tel Aviv-Marseilles route

Air France will make three weekly flights beginning in September.

Arison unit wins tender for Upper Galilee interchange

Shikun u'Binui Solel Boneh Building and Infrastructure will build the interchange near Kibbutz Kadarim where Road 65 meets Road 85.

Healthcare expenses control co Simplee raises $6m

The Social+Capital Partnership and Greylock invested in the company's first financing round.

Dankner, Tshuva seek Las Vegas Plaza debt settlement

They are offering the lenders, led by Credit Suisse, either a 45-60% haircut, or a 10-year moratorium on repayment of the loan.

Alvarion narrows loss on double-digit revenue drop

The company expects little change for the second quarter.

Shekel jumps against euro

The shekel is making strong gains against the euro but is weaker against the dollar in inter-bank trading today.

Covidien completes superDimension acquisition

Covidien is paying $300 million and future earn out payments for the Herzliya-based pulmonology device developer.

Home prices unchanged in first quarter of 2012

Prices at the end of the first quarter were unchanged from the previous quarter, and down 3% from the corresponding quarter.

Israeli telcos plunge in New York

The shares of Partner, Cellcom and Bezeq's parent companies fell heavily in the US, following Tel Aviv, on concerns over new competition.

Noble Energy further reduces gas supply to IEC

For the second time this month Noble Energy has reduced its daily supply of gas to the Israel Electric Corp.

CPI up 0.9% in April, in line with expectations

The annual inflation rate is now running at 3.2%, slightly above the government's target range.

Moshe Kahlon targets overpriced HOT and YES

The minister of communications tells "Globes": My goal is four TV companies - two IPTV, and two cable or satellite.

Pluristem trial finds stem cells improve cardiac dysfunction

Pluristem reported that the cardiac function in a diabetic-induced diastolic dysfunction in animals improved following PLacental eXpanded (PLX cells) administration.

Stem cell co Gamida Cell raises $10m

The company will use the proceeds to support the commercialization of its StemEx, as an alternative therapeutic treatment for patients with blood cancers.

Widebridge sues Anobit for NIS 17.2m Apple finders fee

Widebridge claims it is entitled to a 1% finder's fee for the $390 million acquisition.

Purchasing Managers Index shows economic expansion

The index crossed the 50-point threshold between economic expansion and contraction, after four months below the threshold.

IDB confirms Migdal has right to recall loan

As "Globes" reported, Migdal is unlikely to recall the loan, and the companies are renegotiating its terms.

Veteran mobile carriers set to wage war

Prices in the market are expected to converge at around NIS 100 per month for all inclusive plans.

Delek, Noble Energy begin laying Noa pipeline

The Helix Express rig has arrived in Israeli waters to lay the pipelines and related conduits.

Kahlon: I'll slash smartphone prices

The Communications Minister: We will create a free market and the sale of devices will not be dominated by the mobile carriers.

Elbit Systems beats analysts' profit forecast

First quarter profit rose to $40.8 million on $690.8 million revenue.

Yossi Maiman puts yacht up for sale

Maiman is asking $35 million for the Noa 7, named for his daughter.

Ben-Dov fails to sell Samsung phone business

Negotiations between Scailex and Zvi Barenboim's BGI Investments have been called off.

$215m first quarter loss for Ampal

The company wrote off its investment in Egyptian gas supplier EMG.

Cellcom revenue declines but beats analysts

CEO Nir Sztern: The decline in service revenues will continue in the following quarters and may even escalate.

French utility EDF to buy 3 Arava Power thermosolar projects

The deal involves three thermosolar projects under construction at Mishmar Hanegev, Berur Hayal, and Kerem Shalom.

IEC wants price hike to buy gas turbines

The Israel Electric Corp. wants electricity users to foot the NIS 100 million bill for five gas turbines to cover shortfalls.

Mobile TV chip developer Siano seeks to raise $20-30m

The company hopes to storm the US market with its RallyTV product that provides TV broadcasts to railway and bus passengers.

Analysts believe CPI rose by up to 1% in April

If the estimates materialize, inflation for the preceding 12 months will exceed 2%, the midpoint of the government's 1-3% inflation target.

BoI mulls tighter capital adequacy requirements

The Bank of Israel is considering excluding deferred taxes from the definition of capital, thus harming the supply of credit.

Tissue regeneration co Regentis Biomaterials raises $10m

The funds raised will be used to expand the company's clinical use of its innovative cartilage regeneration implant GelrinC.

Kibbutz Naan sells NaanDanJain Irrigation

India's Jain Irrigation Systems bought the remaining half of the company for $35 million.

Viola invests $8.4m in personalized ads co myThings

The investment by Viola Private Equity is part of myThing's $15 million financing round.

Gaia, partner, buy 9,500 US rental apartments for $446m

Half the rental apartments are in Dallas, and the rest are in cities from Fort Lauderdale to Phoenix.

Blue Square Real Estate to build Comverse's Ra'anana HQ

Comverse's HQ on a Blue Square lot in will cost NIS 200 million, plus finishing.

Radiancy merger boosts Photomedex revenue

First quarter revenue rose 45% to $50.3 million, and the company forecasts $53 million second quarter revenue.

HOT Mobile launches operations

HOT Mobile - Mirs - is offering an all-inclusive plan for NIS 89 per month.

Demand for high-tech workers rises strongly

The latest exits have given the industry a boost, and mergers have improved workers' standing.

D Medical shares jump on OEM deal

South Korean diabetes products manufacturer Twobiens will distribute Spring Health infusion sets worldwide under its private label.

Golan Telecom offers NIS 99 unlimited calls plan

Golan Telecom launched operations today with the most aggressive prices in the mobile market.

Ormat Industries swings to profit on higher revenue

First quarter net profit was $9.2 million on $132.4 million revenue.

Barak: All options on Iran possible with Mofaz in gov't

Defense Minister Ehud Barak: If the West's demands on Iran are minimalist, they are not enough.

Dollar continues to strengthen

The US dollar is firmer against the other major currencies this morning, and the shekel-dollar rate is slightly up.

S&P cuts IDB rating by two levels

S&P Maalot warns of "weak liquidity levels," in the wake of the sharp fall in the bond price of Nochi Dankner's IDB.