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Alvarion's troubles mount as Wi-Fi sales fall
Globes, Tel Aviv, IsraelThe 20-F consolidated financial statement that Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) filed two weeks late with US Securities and Exchange Commission (SEC) mentions many problems reflecting the company's difficulties. Other data in the filing, however,...Tags: Tel Aviv (Israel), Quarterly or Semiannual Financial Statements, Valley Bank, Finance, Economy, Business and Finance
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BRIEF: Historic Jerusalem Jaffa Road building up for sale
Globes, Tel Aviv, IsraelA prestigious land reserve, valued at NIS 130 million, in downtown Jerusalem is up for sale by the receiver of bankrupt developer Sasson Levy. The 3.5-dunam (0.975-acre) lot, known as Beit Mapai, is located along Raoul Wallenberg Street, between Jaffa...Tags: Tel Aviv (Israel), Bankruptcy
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Mobile carriers halve workforce
Globes, Tel Aviv, IsraelThe mobile telephony revolution which Israel has undergone in the past year has exceeded expectations. Prices have plummeted, and the veteran carriers are adapting to the new reality: the public is unwilling to pay more than NIS 100 a month for mobile...Tags: New Products, Tel Aviv (Israel), Cellcom Corporation, Employees, Career and Workplace
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BRIEF: Chip co ASOCS raises $3m
Globes, Tel Aviv, IsraelSources inform "Globes" that communications processor developer ASOCS Ltd. has raised $3 million. Taylor Frigon Capital Partners LP of the US led the round, which boosts the amount of capital raised by the company to $35-40 million. Daniel Recanati and...Tags: Television Industry, Tel Aviv (Israel), Telecommunication Equipment, Fujitsu Limited, Japan
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BRIEF: Municipal rates to be doubled on empty apartments
Globes, Tel Aviv, IsraelMinister of the Interior Gideon Saar today told the cabinet that he has signed regulations to double arnona (local property tax) on empty apartments, and that he has sent the regulations to Minister of Finance Yair Lapid to complete the regulatory...Tags: Tel Aviv (Israel), Rentals, Knesset
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New tax targets largest homebuying segment
Globes, Tel Aviv, IsraelPEOPLE MOVING UPMARKET -- people who want to sell their only apartment in order to buy a new one and who are the focus of the Ministry of Finance's new austerity measures -- are the biggest segment of homebuyers in Israel, according to figures "Globes"...Tags: Credit Ratings, Holiday Vacations, Finance, Bonds, Real Estate Buyers
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BRIEF: Comptroller to review Netanyahu's expenses
Globes, Tel Aviv, IsraelHebrew daily "Yediot Ahronot" reports that the public outcry over Prime Minister Benjamin Netanyahu's expenses has reached the State Comptroller. This week, State Comptroller Joseph Shapira will consult top officials from his office to examine whether...Tags: Tel Aviv (Israel), Government, Politics, Benjamin Netanyahu, Margaret Thatcher
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Israel demands French TV correct 13-year-old report on boy's death
ReutersBy Allyn Fisher-Ilan JERUSALEM, May 19 (Reuters) - Israel demanded a French television station on Sunday correct a report from nearly 13 years ago which helped fuel anger across the world and ignite a bloody uprising against the Jewish state. Twelve-...Tags: Television Industry, France, Benjamin Netanyahu
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Cannes: With 'The Congress,' Ari Folman votes for new audacity
CANNES, France -- Few independent directors have won as many plaudits for their visual inventiveness as Ari Folman. Five years ago, the Israeli first-timer came to Cannes and caught the film world’s attention with his combat piece “Waltz...
Tags: Waltz with Bashir (movie), Tom Cruise, Entertainment Events, Politics, Celebrities
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Fears grow of clash between Israel and Syria
JERUSALEM — Fears about a possible escalation of violence between Israel and Syria grew Sunday amid renewed Israeli threats to destroy Syrian weapons caches and Syria's warnings of retaliation. After decades of relative calm along the two nations&...
Tags: Defense, Iran, Israel Defense Forces, Government, Politics
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France in talks with U.S., Israel to buy drones - minister
ReutersPARIS, May 19 (Reuters) - France is in talks with the United States and Israel to buy intelligence-gathering drones to build up a modern fleet, Defence Minister Jean-Yves Le Drian said on Sunday. France's existing hardware is outdated and its military...Tags: U.S. Department of Defense, U.S. Congress, France
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Egyptian police block Israel border crossing in fury at kidnapping -sources
ReutersCAIRO, May 19 (Reuters) - Egyptian police enraged by the kidnapping of seven of their colleagues by Islamist gunmen in the Sinai Peninsula blocked a commercial border crossing with Israel on Sunday, security sources said. Police have been blocking...Tags: Hosni Mubarak, Kidnapping, Mohamed Morsi
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