Business News

Business

  • Israel Teva Buy German Company

    Posted By Mike Rosenthal on March 19, 2010 | Leave a Comment

    Israel is making waves in the international drug market. Teva, popularly known as a shoe company but also Israel’s biggest generic drugmaker and the world’s generic market leader, is acquiring the German firm Ratiopharm, thereby acquiring the world’s second largest in the industry. The merger will give Teva an estimated $2.5 billion boost in sales annually.  Teva even beat out well known US firms like Pfizer in chasing the deal.

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  • Greece Selling Itself Israel Thrives

    Posted By Mike Rosenthal on March 11, 2010 | Leave a Comment

    Greece is sinking under the heavy weight of its mismanaged debt. In fact, it’s sinking so fast, it figured it may as well sell some of itself off to the world to try and balance its budget. So yes, Greece is considering auctioning off some of its unused islands for some cash. Greece has 3,054 islands around its coast, and only 87 of them are actually settled, giving the country a large surplus of solid island revenue that they are seriously considering selling. A small island of 30 acres is estimated to go for $1.5 million, and a large island close to the Greek mainland could go for as much as $30 million.

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  • Stanley Fisher Bank Hapoalim

    Posted By Mike Rosenthal on March 04, 2010 | Leave a Comment

    In May of last year, Stanley Fisher, the Israeli equivalent of the Chairman of the Federal Reserve Ben Bernanke, was absolutely insistent on removing Bank HaPoalim chairman Danny Dankner from his post. He would simply have it no other way. As it turned out yesterday, Fisher, an immigrant from the United States who speaks with a thick American-accented Hebrew, made the right decision and saved HaPoalim, one of Israel’s largest banks, from possible disaster.

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