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1

Chief Scientist, Defense Ministry mull joint fund

money
  The fund will invest in technologies for the defense industries.
  Merav Ankori 04/03/2010
 engine. Pensioners of the State of New York finance start-ups here, and local pensioners don't. We want to bring about a situation in which Israeli money is invested in R&D for the long term, giving Israeli savers access to this area and a longer horizon to R|&D. Published ...
2

Atias: Hundreds of contractors broke the law

money
  Housing Ministry: Contractors have not reported the sale of 3,000 apartments.
  Adi Ben-Israel 03/03/2010
 wake of the collapse of Heftsiba in August 2007, the Sales (Housing) Law was amended to impose consumer protection requirements on contractors to protect homebuyers' money. The amendment's provisions include that the contractor will notify the regulator, immediately following the signing of a sale contract, details of the sale: name ...
3

ProteoLogics IPO oversubscribed three-fold

money
  In response, ProteoLogics raised the price of units of shares and warrants by 23%.
  Gali Weinreb 03/03/2010
 the company planned to raise. In response, ProteoLogics raised the price of units by 23% to give a company value of NIS 147 million, after money. Clal Finance Underwriting Ltd. led the IPO, together with Meitav Issuing And Finance Ltd., Menora Mivtachim Underwriters & Management Ltd., Leumi Partners Ltd., and Barak ...
4

Police again question foreign minister

money
  The Police suspect that former ambassador Zeev Ben-Arie obtained his promotion on the basis of information he gave to Avigdor Lieberman
  Yuval Yoaz 02/03/2010
 file to the State Prosecutor for a decision on whether to indict. The Police found sufficient evidentiary grounds to indict Lieberman on charges of bribery, money laundering, and filed false corporate documents. Former Attorney General Menachem Mazuz made no decision on the case, passing the buck to his successor Yehuda ...
5

Equity ETFs draw most funds

money
  ETFs had a quieter month in February, raising NIS 600 million.
  Roee Bergman 02/03/2010
 ETFs raised more than double the amount raised by mutual funds in January, things were back in proportion in February, with mutual funds raising more money than ETFs. All ETF management companies raised capital during February, albeit sometimes only small amounts. Both ETFs and mutual funds continued their trends of ...
6

Merrill Lynch: Developed Markets status natural for Israel

money
  Analysts: Israel's economy is stable compared to countries like Portugal, Ireland, Greece, Spain, and Dubai and that is reflected in considerably lower spreads on credit default swaps.
  Adi Ben-Israel 01/03/2010
 Chemicals Ltd. (TASE: ICL), Bank Leumi (TASE: LUMI), Bank Hapoalim (TASE: POLI), and Bezeq The Israeli Telecommunication Co. Ltd. (TASE: BEZQ). The analysts expect active money managers to focus on ten large cap stocks. Haim Israel told "Globes", "Beginning in January, it is possible to notice an exit by active ...
7

Biocancell drops on institutional placement

money
  Controlling shareholders Clal Biotech, Tikro Technologies, and CSO Prof. Avraham Hochberg were not part of the placement.
  Gali Wienreb 01/03/2010
 per share. The options can be exercised in four years, giving the options the chance of emerging from their current position of deep in the money. Biocancell's BC-819 drug for the treatment of various cancers is undergoing Phase I/II and Phase II clinical trials for various indications. The results of ...
8

CalPERS shows Carmel Ventures vintage 2000 top VC fund

money
  CalPERS has invested $125 million in seven Israeli VC and private equity funds.
  Shmulik Shelah 01/03/2010
 in these funds total $125 million. The Carmel I Fund, raised in 2000, stands out with a positive multiple of 1.4 (on paper) on the money, giving an internal rate of return (IRR) of 8%. On the other side of the equation, the Apax Israel II Fund, has a negative ...
9

PM Office, Finance C'ttee head to back each other's bills

money
  The government will support Finance Committee chairman MK Moshe Gafni's bill for free-loan funds, and he will expedite the new Bank of Israel law.
  Lilach Weissman 01/03/2010
 will not be forbidden for free-loan funds to receive financial deposits or to make loans, provided that the loans do not bear interest, and the money is used solely for charity. The bill defines a free-loan fund as a non-profit organization or public interest company whose accounts are managed by ...
10

Clal Biotech buys Biomedical Investments

money
  Together with previous exits, privately held Biomedical has returned double investors' money.
  Gali Weinreb 01/03/2010
  Clal Biotech buys Biomedical Investments Together with previous exits, privately held Biomedical has returned double investors' money. Gali Weinreb01/03/2010 11:39:00 Two significant Israelis life sciences holdings companies are becoming one. Clal Biotechnology Industries Ltd. (TASE: CBI) today announced that it will acquire Biomedical Investments (1997) Ltd. for ...

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