Subscribe to Print Edition | Thu., October 02, 2008 Tishrei 3, 5769 | | Israel Time: 01:33 (EST+7) web haaretz.com   Back to Homepage Haaretz Toolbar Diplomacy Defense Jewish World Opinion National Print Edition Car Rental Books Haaretz Magazine Business Real Estate Easy Start Travel Week's End Anglo File

Markets in Brief Exposure to WaMu is $50m, Leumi says Advertisement Bank Leumi says its group's exposure to Washington Mutual, the savings and loan bank that collapsed last week and was nationalized, is about $50 million. JPMorgan Chase is buying WaMu for $1.9 billion. Leumi says it is exposed to WaMu in two ways: about $27 million in bonds issued by Washington Mutual Bank, and $23 million in credit default swaps - a kind of derivative - issued by parent company Washington Mutual Inc. (Tal Levy) Milomor CFO quits A few days after being grilled under caution by the VAT authorities over Milomor's debts, the company's chief financial officer, Galit Adam, has quit. Adam charges that the company hid information from her and failed to provide reports to investors. "Matters deteriorated to loss of faith in the company's management," Adam wrote in her letter of resignation, adding that proper disclosure was not maintained, in contravention to the legal counsel's advice. She feels that things were done behind her back, Adam continued. Milomor has not published its second-quarter report yet, but has said it believes its quarterly loss will be NIS 50 million, at least. (Yuval Maoz) Delek Real Estate gets money to repay Merrill Delek Real Estate raised NIS 410 million at the end of last week to repay a loan it took from Merrill Lynch, and said it will be repaying the outstanding sum of NIS 600 million today. It had borrowed the money to buy a stake in the British firm MSA, which controls the chain of roadside rest stops Road Chef. A Delek Real Estate subsidiary bought 25% of MSA in March 2007 for 158 million pounds sterling, for which it took an 18-month loan of 150 million pounds from Merrill Lynch. (Yoram Gabison) Mall could make Salomon NIS 21.5m profit Salomon A. Angel says that if negotiations to sell its stake in the Margalit Hasharon mall go well, it should make a pretax profit of about NIS 21.5 million. (TheMarker) Malam Team repurchasing debt Malam Team is the latest company to announce a debt repurchasing plan. The company's board of directors has approved buying back up to NIS 4 million worth of bonds by December 31, 2008. (TheMarker) ? ITGI gets CE Mark for second stent ITGI Medical has received European Union approval, the CE Mark, for its stent AneuGraft. The device is the company's second fully covered stent, which it produces both itself and through subcontractors. The AneuGraft was designed to overcome the obstacle of installation in convoluted blood vessels. ITGI already has the CE Mark of approval for its Over & Under stent. (TheMarker) Arie Genger exits Haifa Chemicals Arie Genger has sold the controlling interest in Haifa Chemicals to his partners in Trans Resources Increasing, Jules Trump. TRI is the parent company of Haifa. Trump achieved control over Haifa Chemicals, which makes fertilizers and industrial chemicals, by acquiring a controlling interest in TRI. (Ora Coren and Yoram Gabison) Gazit Globe plans NIS 0.34 dividend in Q4 Gazit Globe yesterday announced its dividend policy for the fourth quarter of 2008. The real estate company stated that dividends will not fall short of 34 agorot per share (compared with 30 agorot per share at present), and that dividends for the year 2009 will not fall short of NIS 1.36 per share. That of course is subject to Gazit Globe making enough profit. Moreover, the company added, its policy could change. (TheMarker) Bank Mizrahi likes Bezeq, Cellcom Bank Mizrahi-Tefahot yesterday shared its stock picks. The bank's strategy department likes defensive stocks in these troubled times, and noted telecommunications as an area that produces steady cash flow despite fluctuations in share prices. Its picks in telecoms are Bezeq and Cellcom. (TheMarker) Delay in French closing for Nitsba Real estate company Nitsba Holdings says completion of the sale of two buildings in Mont Rouge, France has been postponed to December 19, 2008. The sale, with a foreign company, is for 30 million euros. Closing was supposed to have been on September 19, but the buyer asked for a delay. In exchange for the postponement, the buyer increased its deposit guaranteeing the transaction by 2.5 million euros, to a total of 4 million euros. (TheMarker) Teva to collaborate on stuttering drug The share price of U.S. company Indevus Pharmaceuticals more than doubled last week after the company said it is collaborating with Teva Pharmaceutical Industries to develop pagoclone as a treatment for stuttering, and that it has also reached a deal with U.S. health regulators that could let it seek FDA marketing approval for its testosterone replacement drug. The pagoclone deal with Teva could bring up to $92.5 million in milestone payments, Indevus told investors, and then there are royalties from future sales. Teva will be funding Phase IIb trials on the drug starting early next year. A drug for stuttering, you ask? Indevus explains on its web site that it thinks pagoclone reduces excess neuronal activity in the brain, and could therefore ease symptoms of anxiety disorders, such as stuttering. (TheMarker) Bookmark to del.icio.us   Iranian support Khamenei: Iran will never abandon Hamas, its holy warrior Ismail Haniyeh. Weight connection Israeli, Palestinian women come together to lose weight and stay healthy.

Read & React Prof. Sternhell: Supporters of occupation are not Zionist Responses: 217 Discontented Fatah politicos consider launching third intifada Responses: 108 Olmert: Israel must quit East Jerusalem and Golan Responses: 395 Gershom Gorenberg: The settlement movement began in self-deception Responses: 63 McCain camp: Claim that Palin endorsed Hamas is 'libel' Responses: 94 More Headlines 00:38 Ex-U.S. weapons hunter: Iran 2-5 years from bomb 01:29 Iran supreme leader: Israel is on a path to destruction 00:39 Olmert to face eighth round of police questioning Thursday 22:57 Syrian FM: We aren't supplying weapons to Hezbollah 22:23 Congress leaders optimistic on revived U.S. bailout package 21:34 VIDEO / Israeli, Palestinian women come together to lose weight 20:26 Holocaust denier detained at London's Heathrow airport 12:36 'How can the People of the Book be against books?' 14:00 Bahraini FM calls for Mideast forum that includes Israel, Iran 22:52 U.S. approves sale to Israel of 25 F-35 fighter jets 16:07 Austria vote / When an efficient far-right meets a deficient center 21:58 Rescue team finds missing Israeli tourist in Ecuador 16:10 McCain camp: Claim that Palin endorsed Hamas is 'libel' 16:10 Israel cuts U.S. cluster bombs for homemade self-detonating brand Previous Editions Select Day 01 oct 30 sep 29 sep 28 sep 26 sep 25 sep 24 sep 23 sep 22 sep 21 sep 19 sep 18 sep

Special Offers Advertisement Fattal Hotel Chain Perfectly located hotels on best resorts of Israel. Dial 013 for your long-distance calls and get all your money back US CITIZENS Vote for real change. Request your ballot today! Eldan Rent a Car Israel's leading car rental company offers you a 20% discount on all online reservations Jewish Singles Personal Ads Find the love of your life on JDate.com Israel's Premier Real Estate Website www. israel-property.com Hebrew Summer courses From $39.95 Junkyard Junk a car - get free towing nationwide and a tax-deductible receipt

Home | TV | Print Edition | Diplomacy | Opinion | Arts & Leisure | Sports | Jewish World | Underground | Site rules |

Real Estate in Israel | Travel to Israel with Haaretz | Hotels Israel | Restaurants Israel | Tourist attractions Israel | Shops Israel

birthright Israel | Search engine marketing

Haaretz.com, the online edition of Haaretz Newspaper in Israel, offers real-time breaking news, opinions and analysis from Israel and the Middle East. Haaretz.com provides extensive and in-depth coverage of Israel, the Jewish World and the Middle East, including defense, diplomacy, the Arab-Israeli conflict, the peace process, Israeli politics, Jerusalem affairs, international relations, Iran, Iraq, Syria, Lebanon, the Palestinian Authority, the West Bank and the Gaza Strip, the Israeli business world and Jewish life in Israel and the Diaspora.

© Copyright  Haaretz. All rights reserved