Business in Brief

IDB Development, Discount may merge; Traditional mutual funds suffer redemptions; Mazor Robotics loss widens as sales decline; Delek may take write-down in Phoenix sale; Banks pace gains in Tel Aviv market.

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IDB Development, Discount may mergeMoti Ben-Moshe and Eduardo Elsztain, who took over the IDB group earlier this year, are examining the possibility of merging the two companies at the top of the holding...