Still undiscovered by some U.S. investors, Israel is home to one of the world’s most advanced technology sectors and one of the most vibrant start-up scenes. In recent years, Israeli tech start-ups have been attractive takeover targets while larger, more mature Israeli tech firms now populate an array of popular U.S.-listed ETFs.
A plan to funnel more than $8.8 million into Minneapolis affordable housing projects won another approval Monday afternoon. The Minneapolis City Council’s Ways and Means Committee signed off on a funding plan for 11 projects spread throughout the city. The funding – pulled from city and federal coffers – would create 371 units and preserve …
TAIPEI, Taiwan (AP) — Taiwan’s president will meet Saturday with his counterpart from once icy political rival China, the Taiwanese side said, a historic first culminating nearly eight years of quickly improved relations despite wariness among many Taiwanese of the mainland government. …
NEW YORK (AP) — Sarah Nordgren, an experienced newsroom leader who has held numerous roles in the editorial and revenue departments of The Associated Press, has been named executive director of Associated Press Media Editors and director of AP’s U.S. news operations. The announcement was made by Brian Carovillano, AP’s vice president for U.S. news.
(Reuters) – “FarmVille” game maker Zynga Inc said Chief Financial Officer David Lee was stepping down and Chief Accounting Officer Michelle Quejado was taking over as interim CFO. Zynga also said on Tuesday that it would delay the launch of its “Dawn of Titans” and “CSR2″ games to 2016 from the fourth quarter planned earlier.
According to a new study by the Center for Retirement Research at Boston College, more than a third of people who have bought long-term care insurance (LTCI) will let their policies lapse at some point, forfeiting all benefits. Read: Majority of workers say retirement savings depends on cost of health insurance This study is a must-read for advisors who are active in the LTCI market.
28 deals were announced on Monday, pushing the year-to-date total within spitting distance of the 2007 record Getty Images It’s a scrum! 28 merger deals were announced on Monday D MA MB MC MD ME MG ZF ZG ZQ ZR ZS ZT ZU After a dizzying 28 deals worth $35.7 billion were announced on Monday, global mergers & acquisition activity has surpassed the 2014 tally, according to Mergermarket, putting 2015 on track for a fresh record.
Standard & Poor’s (“S&P”) Ratings Services, part of McGraw Hill Financial MHFI has put the senior unsecured and non-deferrable subordinated debt ratings of eight major U.S. banks under review for a downgrade. These banks include The Goldman Sachs Group, Inc. GS, Wells Fargo & Company WFC, JPMorgan Chase & Co.
Moshe Kai Cavalin has two college degrees, but he’s too young to vote. He flies airplanes, but he’s too young to drive a car alone. Life is filled with contrasts for Cavalin, a 17-year-old from San Gabriel, California, who has dashed by major milestones as his age seems to lag behind. He graduated from community college at age 11.
NEW YORK (AP) — The company behind the hugely successful “Call of Duty” video games is launching an all-out attack on the mobile gaming market by shelling out $5.9 billion for the maker of “Candy Crush Saga.” Activision Blizzard’s purchase of King Digital Entertainment will help it keep pace as video gaming continues to move away from TV-connected consoles to smartphones and tablets.
Australian bond prices have followed global rates markets to drift lower as investors mull over the chances of a December US rate hike. ANZ economists said US Treasuries extended their recent selloff ahead of a number of Federal Reserve speakers and US non-farm payrolls figures later this week. …
NEW YORK (AP) — Republican presidential candidate Donald Trump said Tuesday that the Federal Reserve is keeping interest rates low at the behest of President Barack Obama, a charge the White House disputed. Speaking during a news conference to mark the publication of his new book, Trump accused Obama of telling Fed Chair Janet Yellen not to raise rates to avoid bursting an economic bubble on his watch.
Will Obama Reject TransCanada’s Keystone XL Pipeline Request To Suspend Permit Application? Here’s Why It Matters
Environmentalists were likely still rejoicing after the company behind the Keystone XL pipeline asked the U.S. government Monday to suspend its permit application for the ambitious, nearly 1,200 miles-long project that would transport crude oil from Canada down to the Gulf Coast. The move was widely seen as an attempt by TransCanada Corp. to avoid an official rejection of the pipeline by U.S.
(FATE) on Tuesday reported a loss of $6.9 million in its third quarter. The San Diego-based company said it had a loss of 24 cents per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share.
Morgan Stanley needs a senior banker. Maybe, two. Robert Eatroff, a two-decade veteran of Morgan Stanley, is checking out it was announced earlier today. He spent 22 years with the bank, wrapping up his time with Morgan Stanley as co-head of M&A for the Americas. The TMT (that’s: technology, media and telecom) specialist is heading to Comcast, a regular client of Morgan Stanley’s.
(Reuters) – Groupon Inc, operator of daily deals website groupon.com, said Chief Operating Officer Rich Williams would succeed Eric Lefkofsky as chief executive officer. Lefkofsky will return to the role of chairman, effective immediately. Net loss attributable to Groupon widened to $27.6 million, or 4 cents per share, in the third quarter ended Sept. 30, from $21.2 million, or 3 cents per share, a year earlier.
NEW YORK (AP) — Donald Trump released his latest book Tuesday, a 193-page campaign manifesto titled “Crippled America” that outlines his philosophy but offers few new details on how the Republican presidential contender would implement his policy goals in the White House. While most of the …
(Reuters) – Flipkart, India’s biggest online marketplace, said it hired Google executive Surojit Chatterjee to head consumer experience across desktop and mobile. Chatterjee, who has 33 U.S. patents to his name, most recently was the global head of mobile search advertising and adsense for search at Google.
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SEATTLE (AP) — Online retail giant Amazon opened its first brick-and-mortar bookstore on Tuesday, two decades after it began selling books over the Internet and helped drive a number of shops out of business. The Seattle store, Amazon Books, will be a physical extension of the company website, combining the benefits of online pricing with traditional book shopping, the company said in a statement.
NEW YORK (AP) — A rally in energy companies helped push the U.S. stock market higher for a second straight day on Tuesday. Investors also worked through corporate news and prepared for key U.S. economic data later this week. The Dow Jones industrial average rose 89.39 points, or 0.5 percent, to 17,918.15.
<p>The most important factor in market's direction: Pro</p> <p>Brean Capital Head of Equity Trading Roberto Friedlander and Matt Maley, MillerTabak & Co. Managing Director, debate the direction of the market.</p> A combination of headwinds will likely slow market momentum before early next year, and oil prices will prove crucial in the coming months, one expert said Tuesday.