Recently added articles from Globes:

BRIEF: Isal Amlat buys US gas stations: All the properties in Virginia and Tennessee include a convenience store and most have car washes.

Oct 02, 2007 ... Oct. 2--Isal Amlat Investment Ltd. (TASE:ISAL) subsidiary Empire Petroleum Holdings LLC has bought 50 percent of 19 gas stations in the US and the long-term leasing rights to two more for $23.5 million. 18 of the properties are in Virginia and the others are in Tennessee. Most of the ...

Agent Video Intelligence completes financing round: The company has developed video surveillance and content analysis software.

Oct 02, 2007 ... Byline: Batya Feldman Oct. 2--Israeli start-up Agent Video Intelligence Ltd. has raised $3 million from 21 Ventures of the US in the company's second financing round. Since 2003, 21 Ventures has invested $13 million in the company, which has raised $15 million ...

"Barron's": Heavy insider selling at Verifone: The sales are occurring when Verifone's share has reached a peak on Wall Street and is close to an all-time high on the TASE.

Oct 02, 2007 ... Byline: Adi Ben-Israel Oct. 2--"Barron's" reports, "Over the past month, VeriFone Holdings Inc. (Nasdaq: PAY; TASE: PAY) insiders have grossed nearly $130 million from selling shares of the electronic-payment-technologies company." The sell-off is occurring when ...

BRIEF: Israelis take a gamble, betting NIS 1.82b annually: The figure refers solely to legal betting: Mifal Hapayis Israel National Lottery and the Israel Sports Betting Board.

Oct 02, 2007 ... Byline: Zeev Klein Oct. 2--The Central Bureau of Statistics 2007 Statistical Yearbook reports that Israelis spent NIS 1.82 billion in 2006 on gambling, up from NIS 776.5 million in 1990 (figures are in 2000 prices) -- a 2.3-fold increase. The figure refers solely to legal ...

IBI: Mizrahi Tefahot lacks growth engines: The bank will find it difficult to follow the big banks into foreign markets.

Oct 02, 2007 ... Byline: Adi Ben-Israel Oct. 2--IBI Investment House Ltd. has downgraded its recommendation for Mizrahi Tefahot Bank (TASE:MZTF) to "Neutral" from "Buy", and cut its target price to NIS 30.90 from NIS 34. The share closed at NIS 29.71 yesterday. IBI says that the bank ...

BRIEF: Chief Scientist funds Madgal water saving research: The kibbutz-owned company is developing a smart faucet.

Oct 02, 2007 ... Byline: Dalia Tal Oct. 2--The Office of the Chief Scientist is funding half of a NIS 12 million investment in Madgal Aqua Touch Ltd., a company owned by Kibbutz Glil Yam that is developing smart faucets. The smart faucet is made of polymers and automatically closes on the basis ...

Non-bank credit to companies continues to rise: Bank credit is expected to drop below 50% of all business sector credit.

Oct 02, 2007 ... Byline: Eran Peer Oct. 2--Non-bank credit to the business sector continues to increase. The Bank of Israel reports that non-bank credit totaled NIS 329 billion at the end of June 2007, 46.6 percent of total business sector credit. Banks accounted for NIS 378 billion, 53.4 ...

Morgan Stanley sees economy growing despite US slowdown: The investment bank sees further interest rate hikes as inflation risks are on the upside.

Oct 02, 2007 ... Oct. 2--Morgan Stanley has published an updated macroeconomic review of Israel in which it adds much greater weight to the housing crisis in the US, although it believes Israel's economy is robust enough to weather the storm. "The future of the US economy will influence the ...

Finacial systems start-up Dynasec raises $1m: Several major investment banks joined the round.

Oct 02, 2007 ... Byline: Batya Feldman Oct. 2--Israeli start-up Dynasec Ltd. has raised $1 million in a financing round at a company value of $6.7 million. Investors included Deutsche Bank AG (NYSE:DB; LSE; XETRA: DBK), Merrill Lynch & Co. (NYSE:MER), Credit Suisse Group (NYSE: CSR; SWX: CSGN; ...

Oscar Gruss bullish on Verint, Zoran, and Radware: The investment house rates all three Israeli stocks "Buy".

Oct 02, 2007 ... Oct. 2--Oscar Gruss & Son has published updated reviews for Verint Systems Inc. (Pink Sheets: VRNT.PK), Zoran Corp. (Nasdaq: ZRAN), and Radware Ltd. (Nasdaq: RDWR; TASE: RDWR) in its monthly "Tech Times" magazine. The bank rates all three stocks "Buy" and sets a target price of $32 for ...

Ceragon files for secondary offering: The wireless backhaul solutions company plans to sell six million shares.

Oct 02, 2007 ... Byline: Shiri Habib Oct. 2--Wireless backhaul solutions provider Ceragon Networks Ltd. (Nasdaq: CRNT; TASE:CRNT) has filed a registration statement with the US Securities and Exchange Commission for a proposed secondary offering of six million shares. The share fell 4.5 percent ...

BRIEF: Gaydamak mulls merging Russian poultry business with Willi-Food: Arcadi Gaydamak is reportedly the largest supplier of eggs in Moscow and the surrounding region.

Oct 02, 2007 ... Oct. 2--G. Willi-Food Investments Ltd. (TASE:WLFD has confirmed negotiations with its controlling shareholder Arcadi Gaydamak about the possibility of the company entering into a partnership with a Gaydamak-owned company that owns poultry houses and slaughterhouses in Russia. Gaydamak ...

BRIEF: Israel invited to China's Expo 2010: Israel has not yet approved its participation, even though it has been allocated 10,000 square meters of exhibition space.

Oct 02, 2007 ... Byline: Lilach Weissman Oct. 2--China has invited Israel to participate in the World Expo 2010 Shanghai. The invitation was made to members of the Israel-China Parliamentary Friendship Society during a visit to China last week. Israel is considering its response. MK ...

BRIEF: EZ Energy's US gas station deal cancelled: The parties blame each other for failing to meet certain contract terms.

Oct 02, 2007 ... Byline: Adi Ben-Israel Oct. 2--EZ Energy Ltd. (TASE:EZ) will not buy a group of 26 gas stations and convenience stores in the US, after the seller notified the company that it had failed to meet some contract terms. EZ Energy first announced the acquisition of the properties, ...

BRIEF: TASE nears record high: The TASE is following international markets upwards, after a record close on Wall Street.

Oct 02, 2007 ... Byline: Adi Ben-Israel Oct. 2--The Tel Aviv Stock Exchange (TASE) is rising sharply in the final session of this short trading week, boosting by a yesterday's showing on Wall Street, where the Dow Jones reached an all-time high of over 14,000 points. The Wall Street rally ...

BRIEF: Most mutual funds rose in September: Nonetheless, investors continued withdrawals, pulling out NIS 2 billion.

Oct 02, 2007 ... Byline: Irit Avissar Oct. 2--The mutual fund sector had a good month in September, reflecting the overall positive mood on the markets, a survey reveals. Meitav Group reports that mutual funds recorded returns of around 1 percent, compared with a 2.7 percent fall in August. 79 ...

Oscar Gruss raises price target for Alvarion: The investment bank sees increased revenue as well as potential for the firm to partner on significant deals.

Oct 02, 2007 ... Oct. 2--Oscar Gruss has published an updated review for WiMAX solutions company Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR), in which it reiterated its "Buy" rating for the company and upped its target price to $17 per share from $13. "Alvarion continues to lead emerging WiMAX," ...

BRIEF: Markstone buys Magnolia Silver Jewelry: Markstone plans to turn the chain into a multinational company.

Oct 02, 2007 ... Byline: Ilanit Hayut Oct. 2--Markstone Capital Partners Group LLC has acquired Magnolia Silver Jewelry Ltd. for $30 million, and plans to turn the chain into a multinational company. The focus will be on the US, and Western and Eastern Europe. Magnolia Silver Jewelry ...

BRIEF: YES unclear about disruptions: YES strategic advisor Benny Cohen: We're not to blame, but we're responsible.

Oct 02, 2007 ... Oct. 2--Satellite broadcaster YES does not know the reason for disruptions in reception by subscribers over the past month. The problem resumed for subscribers in central Israel yesterday. YES strategic advisor Benny Cohen said, "We're not to blame, but we're responsible." He ...

BRIEF: Teva can't market Zyprexa: The US Supreme Court upheld Eli Lilly's patent to the $1.2 billion schizophrenia drug.

Oct 02, 2007 ... Byline: Adi Ben-Israel Oct. 2--"Bloomberg" reports that the US Supreme Court let stand a decision upholding Eli Lilly & Co.'s (MNYSE:LLY) patent on Zyprexa, the world's top-selling schizophrenia drug, rejecting appeals by Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA; TASE: ...