Subscribe to Print Edition | Tue., November 25, 2008 Cheshvan 27, 5769 | | Israel Time: 02:39 (EST+7)   Back to Homepage web haaretz.com Haaretz Toolbar Diplomacy Defense Jewish World Opinion National Print Edition Car Rental Books Haaretz Magazine Business Real Estate GA 2008 Travel Week's End Anglo File

Last update - 02:09 24/11/2008 Markets in Brief AFSK wins $37m Colombia systems deal Advertisement An AFSK group company in Colombia has won a $27 million deal from Ecopetrol to supply control, computer, automation and communications systems to operate a crude oil transportation system. Ecopetrol is the national Colombian oil company. Other contenders for the 3-year contract still have the opportunity to object, AFSK stated. (TheMarker) C. Mer restates Q1, Q2 reports due to errors C. Mer Industries admits it has to restate its 2008 results because when it adopted international financial reporting standards, in place of Israeli ones, it messed up the currency exchange rates. So: its first-quarter net profit dropped NIS 2.6 million to NIS 28.1 million, and its second-quarter profit dropped NIS 0.6 million to NIS 6.1 million. The effect on its shareholders equity is negligible, the engineering company says. (TheMarker) ? PMS at loggerheads with Swedish firm PMS Group says it has become embroiled in a dispute with Stayat Invest, which is selling it a Stockholm property called Freeharbor. The dispute is over which company should be bearing the cost of fixing up the property. Negotiations fell through and Stayat is refusing to pay the contractors, who are owed about NIS 9 million. PMS says it's working on a settlement with the builders while "taking steps" against Stayat. (TheMarker) Paz Oil buying back NIS 100 million bonds Zadik Bino's Paz Oil company has decided to repurchase up to NIS 100 million worth of bonds. (TheMarker) Borrower defaulting on Overland Direct loan Overland Direct (Israel) says its U.S. subsidiary Overland Direct Inc says a borrower is defaulting on a $2.2 million loan, backed by rights to a property in Las Vegas - a motel with 157 rooms. The loan bore 12.25% interest. As of the announcement, the borrower was 52 days late with interest for September and 22 days late with interest for October, and owes $49,500. (TheMarker) Ben-Zeev sees Q3 pain for the banks Yuval Ben-Zeev of Clal Finance is a tad concerned that Israel's banks have suffered losses because they've invested, oh, about NIS 65 billion in corporate bonds and shares. The banks will be filing their third-quarter financials in the last week of November. Departing from his norm, in his review of the banks ahead of their reports, Ben-Zeev doesn't even try to estimate their results. The variables are too many and too great, but credit risk has spiraled up and asset prices have spiraled down. His bottom line is he wouldn't counsel investors to hare for their shares, despite the beating bank stocks have taken. (TheMarker) DSPG's Ayalon to head Likud election HQ Eli Ayalon, leader of chipmaker DSPG, will head the Likud's elections headquarters, the company announced yesterday. Ayalon will continue to chair DSPG during the next three months and will resume his usual role in business after the elections, which are scheduled for February 10, 2009. His functions at the company will be shared by immediate subordinates until then. The Likud is led by Benjamin Netanyahu, former prime minister and finance minister. (TheMarker) Starling to rescue Chinese in distress Elron yesterday reported three contract wins for group companies. Starling Advanced Communications scored its first order for antenna technology from Jeson Wireless Communications Co. of Shanghai. The antennas, transmitting real-time video and data from event sites, will be used in rescue vehicles. The roughly $2.5 million contract is for delivery in the second quarter of 2009. (TheMarker) Wavion bringing WiFi to Nigerian outback Elron also says that subsidiary Wavion has partnered with Emperion of Lagos, an Internet service provider, to create a nationwide Wi-Fi network in Nigeria. Wavion will deploy base stations throughout the country to deliver high-speed Internet access. Also, Safend, a California company in which Elron owns 27%, and the Vantage Group, a California-based security consultation firm and a Safend reseller, have signed a Master Purchase Agreement with Los Angeles County. The agreement gives the local government nice prices for Safend software. (TheMarker) Given Imaging gets French regulatory nod Given Imaging says the French Ministry of Health has concluded the reimbursement process for its small-bowel PillCam and set a pricing level of 418 euros, before VAT. Now all of France's 64 million citizens will have reimbursable access to PillCam SB when reporting mysterious intestinal bleeding or anemia after negative colonoscopy, or to confirm Crohn's Disease. (TheMarker) Hanan Mor buys land in for homes Nes Ziona Hanan Mor Group Holdings has acquired a number of plots of land in Nes Ziona, acting through a subsidiary called Rom Arad Engineering. Altogether it bought 5,912 square meters of land, Hanan Mor says, on which it can build 12,260 square meters, and for which it paid NIS 28 million. (TheMarker) Bookmark to del.icio.us   Spy chain Iran: We smashed espionage network linked to Israel. Poultry dilemma Will U.S. Jews have kosher Turkey this Thanksgiving?

Read & React Yossi Sarid: Is Shas' Rabbi Ovadia Yosef also an ass? Responses: 42 Aide: Ex-IDF chief did not call for Ahmadinejad to be killed Responses: 170 IDF: Retaking Gaza will cost Israel NIS 17 million a day Responses: 127 Report: Gaza militants agree to cease rocket fire if Israel opens crossings Responses: 92 Poll: 70% of Israeli Arab women think slaps are not domestic abuse Responses: 57 More Headlines 22:10 Olmert to Rice: EU, U.S. officials starting to talk with Hamas 02:18 Documents obtained by Haaretz reveal split among Hamas leaders 23:14 Policeman filmed head-butting East Jerusalem residents 01:10 Report: Israel willing to release more prisoners for Shalit 01:09 ANALYSIS / Elections are Gilad Shalit's greatest hope 02:01 Attacks on Israel expected as UN marks Solidarity with Palestinian People Day 02:35 Now you can get the Koran on your cellphone 23:38 Settler leader: Hebron evacuation will be met with force greater than Amona 21:56 Germany pursues arrest of well-known Holocaust denier set free by U.K. court 23:16 Bank of Israel lowers interest rates to record low of 2.5% 16:17 'Scrubs' star Zach Braff falls in love with Tel Aviv 15:42 Iraqi court acquits legislator for making trip to Israel 15:11 Barak: Hezbollah has 42,000 rockets, some can hit Dimona 00:40 Reported cases of domestic abuse among immigrants in Israel at its lowest 23:40 Palestinian meet in Syria highlights refugees' right of return Previous Editions Select Day 24 nov 23 nov 21 nov 20 nov 19 nov 18 nov 17 nov 16 nov 14 nov 13 nov 12 nov 11 nov

Special Offers Advertisement Living in Israel Studying in English Click & Meet our students from all around the world Living in Israel Studying in English Click & Meet our students from all around the world Dan Boutique Jerusalem New Dan Hotel in Jerusalem Young, Fun & Distinctively Dan Book Now Online! Fattal Hotel Chain Perfectly located hotels on best resorts of Israel. Car rental in Israel Shlomo Sixt Receive $15.00 from our low rates. 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