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Israel's biggest company to get new CEO after 30 years

An era is ending at Teva Pharmaceutical Industries, and a new one is beginning: The Israeli drug company announced Tuesday that vice chairman Phillip Frost would be succeeding chairman Eli Hurvitz. ...

Even flagships need talented captains

Efi Arazi founded the first real Israeli high-tech firm 40 years ago. It was called Scitex and it revolutionized printing with its computerized graphical system for preprint processes. At its peak, Scitex employed 4,000 people. Many of those who passed through Scitex became entrepreneurs themselves and established their own high-tech companies. ...

State starts bankruptcy proceedings against Dudi Appel over NIS 21m debt

The state yesterday motioned the courts to issue a bankruptcy warning against businessman David "Dudi" Appel, over a NIS 21 million debt. ...

Class suit against Bezeq goes to trial

The Central District Court in Petah Tikva approved a NIS 103 million suit against Bezeq as a class action earlier this week. The plaintiff claims that Bezeq is illegally charging customers fees for not paying their bills on time. ...

Bank Hapoalim may have to kiss away $18 million in Maariv group holdings

Bank Hapoalim may have to write off up to $18 million on its assets in Maariv Holdings, which publishes the daily newspaper Maariv. ...

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