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  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said a settlement with U.S. authorities over possible tax evasion by the bank's American clients could be far higher than previously estimated while also rejecting an offer from New York State. The bank has been negotiating with the authorities for months and had said it was close to a deal to pay 950...

  • SodaStream to move its West Bank factory in 2015 Wednesday, 29 Oct 2014 | 10:34 AM ET

    JERUSALEM— Israeli drink maker SodaStream International Ltd. said Wednesday it will close a West Bank factory that has been targeted by boycott activists and move the facility to a location inside Israel. SodaStream representative Nirit Hurwitz said that the decision to move the factory to Lehavim in Israel's southern Negev region was for "purely...

  • Compugen posts 3Q loss Wednesday, 29 Oct 2014 | 10:07 AM ET

    TEL AVIV, Israel _ Compugen Ltd. on Wednesday reported a loss of $5.4 million, or 11 cents per share, in its third quarter. The company, based in Tel Aviv, Israel, posted revenue of $1.7 million in the period. Compugen shares have fallen 11 percent since the beginning of the year.

  • SodaStream misses Street 3Q forecasts Wednesday, 29 Oct 2014 | 10:07 AM ET

    NEW YORK— SodaStream slashed its guidance Wednesday, citing difficult business conditions in the U.S. and other markets. SodaStream now expects net income will fall about 42 percent this year, while revenue will decrease 9 percent. SodaStream posted third-quarter net income of $9.5 million, or 45 cents per share, on $125.9 million in revenue.

  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said on Wednesday a settlement with U.S. regulators over possible tax evasion by the bank's American clients could be much higher than previously estimated. In a statement to the Tel Aviv Stock Exchange, Leumi said it was now also in contact with the New York Department of Financial Services, which...

  • Oct 28- New York state's financial regulator is seeking more than $300 million from Bank Leumi as part of a probe of whether the Israeli bank assisted U.S. citizens in evading taxes, according to a person familiar with the matter. The penalty from New York state's Department of Financial Services, which regulates certain banks in the state, is separate from...

  • JERUSALEM/ WASHINGTON, Oct 28- Israel plans to buy a second batch of Lockheed Martin's F-35 stealth fighter jets, bringing its total number on order to about 44, Israeli defense and U.S. sources said on Tuesday. Israel bought 19 F-35s for $2.75 billion in 2010, a deal that included options for up to 75 planes. Israel will benefit from various efforts under way by...

  • JERUSALEM, Oct 28- The recent shift to slight deflation in Israel is not overly worrisome since it does not fully stem from weak consumer demand as in some European countries, the central bank's deputy governor, Nadine Baudot-Trajtenberg, said on Tuesday. The European Central Bank and some other European central banks are cutting interest rates to stave off...

  • JERUSALEM, Oct 28- The recent shift to slight deflation in Israel is not overly worrisome since it does not stem from weak consumer demand as in some European countries, the central bank's Deputy Governor Nadine Baudot-Trajtenberg said on Tuesday. The European Central Bank and some other European central banks are cutting interest rates to stave off...

  • Rubber bullets hit AP photographer and freelancer Tuesday, 28 Oct 2014 | 7:17 AM ET

    JERUSALEM— Two photographers, including one working for The Associated Press, were struck by rubber-coated bullets fired at close range by an Israeli border policeman. John Daniszewski, senior managing editor for international news, said the shooting showed "reckless disregard for the safety of journalists who were doing their job in a lawful way."

  • Radware beats Street 3Q forecasts Tuesday, 28 Oct 2014 | 6:09 AM ET

    TEL AVIV, Israel _ Radware Ltd. on Tuesday reported net income of $7.8 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Analysts expected $54.6 million, according to Zacks.

  • BUSINESS-NEWS-SCHEDULE AT 0930 GMT /5.30 AM ET Monday, 27 Oct 2014 | 6:02 AM ET

    Monte dei Paschi drags Europe's banks lower post-stress test. LONDON- Italy's Monte dei Paschi slumps after having the biggest capital hole to fill in a health check of European banks that was generally seen as good news for the sector. BERLIN- German business sentiment darkens in October for a sixth month running, hitting its lowest level in almost two years and...

  • Israeli farmers observe sabbatical _ with a wink Sunday, 26 Oct 2014 | 9:50 AM ET

    BNEI NETZARIM, Israel— Every seven years, according to the Bible, Israeli farmers must give their lands a rest for a year. "I own all those lands, and I don't even own an apartment," joked George Shtraykhman, an immigrant from St. Petersburg, Russia. Out of some 6,700 Jewish farmers in Israel, only about 50 ignored the religious rules, while only about 450 abandoned their...

  • NEW DELHI, Oct 25- India has opted to buy Israel's Spike anti-tank guided missile, a defense ministry source said on Saturday, rejecting a rival U.S. offer of Javelin missiles that Washington had lobbied hard to win. India will buy at least 8,000 Spike missiles and more than 300 launchers in a deal worth 32 billion rupees, the source said after a meeting of India's...

  • *Israel 10- year yield 2.09 pct vs 2.25 pct for U.S. equivalent. *Israel debt market has 500 bln shekels in government bonds. Israel has about 500 billion shekels of government bonds outstanding, up from below 400 billion in 2010..

  • Gaza rebuilding slowed by trickle of aid, rivalry Thursday, 23 Oct 2014 | 7:09 AM ET

    The program was launched with high expectations at an international conference in Cairo on Oct. 12, but has run into obstacles, including wrangling between the rival Palestinian factions Hamas and Fatah for control in Gaza and what officials say has been a trickle of promised aid. Getting cement, steel and gravel from Israel into Gaza is a major challenge...

  • Check Point tops Street 3Q forecasts Thursday, 23 Oct 2014 | 5:09 AM ET

    TEL AVIV, Israel _ Check Point Software Technologies Ltd. on Thursday reported net income of $161 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Analysts expected $366.1 million, according to Zacks.

  • Arab Idol winner wants to give back to Gaza Thursday, 23 Oct 2014 | 12:18 AM ET

    Until recently, the territory was ruled by the Islamic militant group Hamas which has ceded some control. Since the Hamas takeover of Gaza in 2007, residents of the crowded territory have endured an Israeli-Egyptian border blockade and three wars between Israel and Hamas. "Both times, I found Gazans to be very sad, but this time I see much more sadness," he said,...

  • Oct 16- Delta Air Lines said Ebola fears have not hurt the carrier's bookings, forecasting strong current-quarter margins as it ramps up capacity in the Americas and trims growth on transatlantic and Pacific routes. Many of the capacity changes will begin this winter, after Delta has already reduced seats serving Moscow, Tel Aviv and Ebola-ravaged West Africa...

  • JERUSALEM, Oct 13- Israel Corp will list a company comprising some of its less profitable assets in Tel Aviv and New York and inject about $100 million into the business, it said on Monday. Under its plan, Israel Corp will continue to hold two of its most lucrative and stable companies-- potash and speciality chemicals maker Israel Chemicals and Oil Refineries,...