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  • TEL AVIV, July 27- Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a deal that will turn Teva into one of the top 10 pharmaceutical companies. Allergan's generic business is generally seen as a better fit than Teva's previous target Mylan because it will improve Teva's distribution channels and...

  • July 25- Teva Pharmaceutical Industries Ltd is in advanced talks to buy Allergan Plc's generic drug business following a thus far unsuccessful effort to acquire peer Mylan NV, according to a person familiar with the matter. Jerusalem- based Teva, which has offered to buy Mylan for $40 billion, is now close to an agreement to acquire Dublin- based Allergan's...

  • July 21- U.S. and Israeli authorities arrested four people in Israel and Florida on Tuesday in connection with several fraud schemes tied to last summer's massive data breach at JPMorgan Chase& Co, according to news reports. The hacking of JPMorgan's computers compromised information in 83 million household and small business accounts, making it one of the...

  • July 21- U.S. and Israeli law enforcement agencies have arrested four people in Israel and Florida related to securities fraud tied to computer hacks of JPMorgan Chase& Co and other financial institutions, Bloomberg reported, citing sources. Israeli police spokesman Micky Rosenfeld said he did not have details of a scam involving JP Morgan but confirmed three...

  • July 21- U.S. and Israeli law enforcement agencies have arrested four people in Israel and Florida related to securities fraud tied to computer hacks of JPMorgan Chase& Co and other financial institutions, Bloomberg reported, citing sources. Israeli police spokesman Micky Rosenfeld said he did not have details of a scam involving JP Morgan but confirmed three...

  • JERUSALEM, July 20- Potash producer Israel Chemicals said on Monday it would resume investments worth more than 5 billion shekels in Israel if the government scraps a planned rise in taxes on natural resources. Tel Aviv- based ICL, the world's sixth-biggest potash producer and the only big mining company operating in Israel, said on Monday it was making progress...

  • Iran and six major world powers reached a landmark nuclear deal on Tuesday, clearing the way for an easing of international sanctions on Tehran and higher oil exports. While oil analysts do not expect Iran to make a major return to the market until next year, it has been parking millions of barrels of oil on tankers for months. The fully laden Starla, operated by...

  • WASHINGTON, July 15- President Barack Obama, seeking to sell the Iran nuclear deal to skeptical U.S. lawmakers and nervous allies, insisted on Wednesday the landmark agreement was the only alternative to a nuclear arms race and more war in the Middle East. Obama made his case in a nationally televised news conference responding to critics at home and abroad after...

  • *Iran deal like "pouring fuel on burning Middle East". JERUSALEM, July 15- Israel's nuclear affairs minister said his country was like the boy in the fairy tale who pointed out the emperor had no clothes, heaping scorn on the Iran nuclear deal on Wednesday and emphasising Israel's right to unilateral self-defence. Tuesday's agreement between six world powers and...

  • Iran deal "naked as emperor with no clothes", says Israel Wednesday, 15 Jul 2015 | 7:21 AM ET

    JERUSALEM, July 15- Israel's nuclear affairs minister said his country was like the boy in the fairy tale who pointed out the emperor had no clothes, heaping scorn on the Iran nuclear deal on Wednesday and emphasising Israel's right to unilateral self-defence. Tuesday's agreement between six world powers and Iran has left Israeli officials scrambling for...

  • Iran nuke deal could set off an arms race Friday, 10 Jul 2015 | 2:40 PM ET
    Two Iranian navy warships dock in the Sudanese Red Sea city of Port Sudan.

    An Iran nuclear deal could mean a possible arms race in the Middle East——or improved relations between historic enemies, experts say.

  • TEL AVIV, July 8- As Israel's biggest company Teva strives to get even bigger by swallowing up rival Mylan for more than $40 billion, further down the food chain a raft of upstart life science firms are struggling to climb onto the global ladder. Israel has a burgeoning life science industry comprising around 1,380 mostly very small companies.

  • ATHENS/ FRANKFURT- Greece's combative finance minister resigns, removing one major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. -EUROZONE- GREECE/ GERMANY, moved, by Paul Carrel, 640 words. -MARKETS- GREECE/ VOTE REACTION, moved, by Jamie McGeever, 800 words.

  • REUTERS BUSINESS NEW SCHEDULE AT 1500 GMT/11 AM ET Monday, 6 Jul 2015 | 11:06 AM ET

    NEW YORK- Aetna Inc Chief Executive Officer Mark Bertolini says he is confident that an antitrust review of its proposed purchase of Humana Inc will allow the deal to close in the second half of 2016, seeking to allay investor concerns of significant regulatory hurdles. ATHENS/ FRANKFURT- Greece's outspoken finance minister resigns, removing a major obstacle...

  • JERUSALEM, July 6- Google-owned online mapping company Waze is launching a carpooling pilot programme in Israel where commuters pay fellow drivers a small fee for a ride to and from work. Google bought Israel- based Waze, which uses satellite signals from members' smartphones to offer real-time traffic information, for about $1 billion two years ago.

  • PARIS, June 30- French telecoms group Orange and Israeli mobile phone operator Partner Communications said on Tuesday they had agreed terms to end their licensing deal following a public row in Israel, but Orange said it was still committed to Israel. Israel protested to France after Orange's Chief Executive, Stephane Richard, said earlier this month he would...

  • Kurdistan ramps up independent oil sales Monday, 29 Jun 2015 | 9:43 AM ET

    ANKARA/ ARBIL, June 29- Iraq's semi-autonomous Kurdistan region has ramped up independent oil sales since mid-June while cutting allocations to Iraq's state oil firm SOMO in an escalating dispute over export rights and budget payments. June became the first month of large independent sales since December last year, when Kurdistan agreed a deal with Baghdad...

  • Iran talks likely to blow past deadline: Officials Sunday, 28 Jun 2015 | 5:16 PM ET
    Secretary of State John Kerry (left) and Iranian Foreign Minister Javad Zarif

    U.S. and Iranian officials said talks on a final accord would likely run past a June 30 deadline.

  • VIENNA, June 28- Iran is backtracking from an interim nuclear agreement with world powers three months ago, Western officials suggested on Sunday, as U.S. and Iranian officials said talks on a final accord would likely run past a June 30 deadline. Securing an historic agreement would end a more than 12- year nuclear standoff between Iran and the West and open the...

  • *Zarif to return to Vienna on Monday. Iranian Foreign Minister Mohammad Javad Zarif was to leave Vienna and return to Tehran for consultations with the country's leadership on the state of negotiations, Iran said. "Zarif will return to Tehran tonight and will come back to Vienna tomorrow," Iran's Tasnim news agency said, citing an unnamed Iranian official.