ICEN articles from January 1990

ICEN archives from January 1990

Reichman to meet with Peres. (Moshe Reichman, Shimon Peres)
January 3, 1990... Reichman to Meet with Peres Canadian tycoon Moshe Reichman, a leader of his family's Olympia & York, one of the world's largest real estate development company, is to meet with Finance Minister Shimon Peres to finalize government benefits that...

Editors and journalists leave Post. (Editor-in-Chief Erwin Frenkel and 20 senior editors and staff members, The Jerusalem Post, newspaper)
January 3, 1990... Editors and Journalists Leave Post The crisis at the Jerusalem Post has intensified in the wake of Editor-in-Chief Erwin Frenkel's resignation, as 20 senior editors and staff members of the paper who had submitted letters of resignation were...

Kibbutz industries seek investors.
January 3, 1990... Kibbutz Industries Seek Investors Kibbutz industries are increasingly seeking foreign investors to take active roles as board members and integrate their enterprises into larger business strategies, while helping the kibbutzim develop foreign...

Logtel telecommunications in South Africa. (Logtel)
January 3, 1990... Logtel Telecommunications in South Africa Logtel has made the first breakthrough in carrying out projects in computer telecommunications in South Africa, according to Managing Director Jacques Ben-Simon, who recently returned from a visit...

First bank sale proceeding. (Israel Discount Bank Ltd.)
January 3, 1990... First Bank Sale Proceeding Representatives of the Recanati family, the Treasury, and M.I. Holdings, the government company that is responsible for selling "arrangement bank shares," have reached an agreement in principle, that will permit the...

Communications investment. (Investment Bank of Dallas)
January 3, 1990... Communications Investment Investment Bank of Dallas, Chairman Professor Nicholas Cuthrie has concluded a series of meetings with Israeli companies during which he looked into investments in Israeli electronic and printed media, including the...

Investigation clears Dovrat of major charges. (Israel. Securities Authority, Clal Industries' Aharon Dovrat)
January 3, 1990... Investigation Clears Dovrat of Major Charges In an unusual step, the Securities Authority has published the findings of its investigation of Clal Industries and its managing director, Aharon Dovrat. The authority investigated Dovrat following...

Israel Chemicals to raise capital.
January 3, 1990... Israel Chemicals to Raise Capital Israel Chemicals is preparing to raise NIS 340 million through the sale of 20% of its stock. Bank Hapoalim and Bank Leumi are preparing a prospectus for the offering. These preparations follow the Knesset...

New weekly from Jerusalem. (Jerusalem, Israel)
January 3, 1990... New Weekly from Jerusalem Australian tycoon Richard Pratt, whose conglomerate has partial ownership in Sagit Publishing International Ltd., publishers of ICEN - the Israel Commercial Economic Newsletter, is establishing an English weekly...

Little children, big business. (Israeli children as consumers) (Advertising & Public Relations)
January 3, 1990... Little Children, Big Business Israeli children are becoming a major market for advertising with NIS 5.4 billion being spent annually on purchases of goods and services for children of up to age 14. The Shekem department store chain estimates...

Truth in theatre advertising. (drama critic Michael Handelsaltz) (Advertising & Public Relations)
January 3, 1990... Truth in Theater Advertising Michael Handelsaltz, the Haaretz theater critic, complains that theater and movie advertisements often quote him out of context, to the point where he is tempted to write in a manner that cannot be re-used in an...

Florida frost benefits Israeli growers. (Agriculture )
January 3, 1990... Florida Frost Benefits Israeli Growers The Christmas Day frost and snow in Florida is expected to boost slumping citrus concentrate prices in Europe. Israeli growers are presently receiving prices of only $1,350 per ton for frozen orange juice...

Avocado fees increase. (Israel) (Agriculture)
January 3, 1990... Avocado Fees Increase Fees paid to intermediaries by avocado growers exporting produce to Europe have increased to about $500 for the 1989-1990 growing season, from $382.50 per ton in the 1986-1987 season, according to an internal report...

Magnet increases agricultural output. (irrigation system device) (Agriculture)
January 3, 1990... Magnet Increases Agricultural Output A new magnet developed in Israel and installed in irrigation systems, as well as in drinking-water systems in cow sheds and chicken coops, has resulted in increased agricultural productivity. The magnet,...

IAI's new annual report format. (Israel Aircraft Industries Ltd.) (Aircraft Industry)
January 3, 1990... IAI's New Annual Report Format Israel Aircraft Industries's end-of-year financial report will, for the first time, include a commentary on company activities, rather than providing only financial statements. The company is making the change as...

Arkia-El Al agreement extended. (El Al Israel Airlines) (Aviation)
January 3, 1990... Arkia-El Al Agreement Extended El Al and Arkia have extended their cooperation agreement for another five years, under which Arkia will continue to carry out regular flights for El-Al abroad, according to demand. Arkia will also continue its...

Merrill Lynch on bank shares. (Merrill Lynch and Company Inc., foreign investment in Israeli banks) (Banking)
January 3, 1990... Merrill Lynch on Bank Shares The American investment bank Merrill Lynch has advised the Bank of Israel that foreign investors will only consider acquiring Israeli commercial banks after voting rights for bank shareholders are equalized. The...

Central bank to issue credit rules. (Bank of Israel) (Banking)
January 3, 1990... Central Bank to Issue Credit Rules The Bank of Israel plans to present senior commercial bank officials with credit risk guidelines, following its decision that the commercial banks have not moved quickly enough to cope with serious problems in...

Don't get mad - get even. (Sagi Micro-computers) (Banking)
January 3, 1990... Don't Get Mad - Get Even Sagi Micro-computers, a company that checks bank statements for clients, has won back about $40 million from banks for 1,200 customers over the last five years. Sagi Managing Director Amnon Schwartz began examining the...

Government pulls out of mortgage market. (Israel) (Banking)
January 3, 1990... Government Pulls out of Mortgage Market The government has decided to cease its involvement in the mortgage market beginning in April. Under the new arrangement, the commercial banks will raise capital on the securities markets that will be...

Peres ceases talking to Leumi. (Shimon Peres, Bank Leumi le-Israel) (Banking)
January 3, 1990... Peres Ceases Talking to Leumi Finance Minister Shimon Peres has decided not to hold further discussions with Bank Leumi regarding equalizing bank shares and selling Leumi's Union Bank subsidiary until a law equalizing bank share voting rights...

Banks against grey market. (Israeli banks, kibbutzim borrowing from non-bank lenders) (Banking)
January 3, 1990... Banks Against Grey Market Commercial banks have said that kibbutzim party to the kibbutz debt agreement (See ICEN No. 154, Section 9.1) must cease all so- called "grey-market" borrowing activities. Until two months ago, kibbutzim had borrowed...

Otsar Hahayal helps small business. (Bank Otsar Hahayal, Zevet, army pensioners organization) (Banking)
January 3, 1990... Otsar Hahayal Helps Small Business "Zevet", the organization for career army pensioners, has reached an agreement with Bank Otsar Hahayal involving the establishment of a fund to help Zevet members establish small businesses. The bank will...

Confusing bank fees. (Banking)
January 3, 1990... Confusing Bank Fees Most businessmen are unaware of important financial aspects of their businesses, according to a survey of 369 businessmen by Gallup Israel. Only 19% of the respondees know the level of the bank fees that they are charged...

Leumi raises borrowing rates. (Bank Leumi le-Israel) (Banking)
January 3, 1990... Leumi Raises Borrowing Rates Bank Leumi has raised its prime interest rate from 15% to 16% and increased the rate on unlinked-shekel loans carrying fixed interest from 22% to 24% per year. According to Leumi, the prime rate increase follows...

Monetary auction rate down. (Bank of Israel) (Banking)
January 3, 1990... Monetary Auction Rate Down The average interest rate in the central bank's weekly monetary auction rate fell to 16.06% on December 28 from 17% the previous week. The decline was expected because the size of the auction was increased to NIS 1.5...

Degem Systems to issue in U.S. (securities) (Computers)
January 3, 1990... Degem Systems to Issue in U.S. Degem Systems, the technology training systems developer, is preparing to raise capital in a U.S. stock exchange offering through its American subsidiary I.T.I.. I.T.I. expects its turnover to reach $5 million...

Uniqey orders for RTS. (Uniqey Universal, Rational Technology Systems) (Computers)
January 3, 1990... Uniqey Order for RTS Relational Technology Systems (RTS) has won an order to develop sophisticated computerized systems for controlling electronic door locks for U.K.-based Uniqey Universal, one of the leading electronic door lock companies....

Maxwell bid for Clal frozen. (Robert Maxwell, Clal Industries) (Conglomerates)
January 3, 1990... Maxwell Bid For Clal Frozen Robert Maxwell's bid to buy into Clal has been put on hold because of uncertainties surrounding his chances of purchasing Israel Chemicals, according to Clal Industries Chairman Aharon Meir, who represents Maxwell...

Koor postpones interest payments. (Koor Industries Ltd.) (Conglomerates)
January 3, 1990... Koor Postpones Interest Payments Koor Industries has announced that it intends to take advantage of the automatic 30-day extension on half-yearly interest payments to U.S. bond holders. These payments, which total over $6 million, were to have...

Improprieties at Mishab? (Mishab Housing, Building and Development) (Construction)
January 3, 1990... Improprieties at Mishab? Hananiah Weinberg, a former director of Mishab Housing, Building and Development, claims there were improprieties at the company when it was managed by Yitzhak Yager, now the managing director of United Mizrahi Bank....

Promoting modern techniques. (Israeli construction industry plans a trade and professional association) (Construction)
January 3, 1990... Promoting Modern Techniques Building contractors are forming a new association to encourage more modern construction techniques, especially the use of modular steel elements. Organizers believe current building methods in Israel are...

Kibbutz Artzi wins contract. (Artzi, Kibbutz, Jerusalem Post Office, building, Jerusalem, Israel) (Construction)
January 3, 1990... Kibbutz Artzi Wins Contract Kibbutz Artzi's building department has signed a NIS 4.5 million agreement with Hefziba Building and Development for the construction of the Jerusalem Post Office building. The project will take 18 months to...

Consensus to sell Industrial Buildings. (Israel. Ministry of Finance, Israel Ministry of Trade and Industry) (Construction)
January 3, 1990... Consensus to Sell Industrial Buildings Finance Minister Shimon Peres and Industry and Trade Minister Ariel Sharon have decided to sell control of Industrial Buildings, in which the government holds a 51% stake. Industrial Buildings is active in...

Changes at Standards Institute wanted. (Israel Standards Institute) (Consumer)
January 3, 1990... Changes at Standards Institute Wanted The Knesset consumer affairs subcommittee, a group formed by the Knesset finance committee, has criticized the Israel Standards Institute, claiming that the institute must revise its practices to bring its...

Israeli spending patterns. (Bank Hapoalim report) (Consumer)
January 3, 1990... Israeli Spending Patterns Israeli consumption patterns are somewhat similar to those of the United States and Great Britain, according to the economics department of Bank Hapoalim. Obviously, there are differences between spending patterns in...

Financing satellite Amos. (Israel Aircraft Industry Ltd.'s Amos, satellite program) (Defense & Security)
January 3, 1990... Financing Satellite Amos Business groups from Germany and the United States have expressed interest in providing tens of millions of dollars in financing for Israel Aircraft Industry's Amos satellite program. The German group is connected to...

Diamond producers planning ahead. (Israeli diamond industry to study effects of European Economic Community unification in 1992) (Diamonds, Jewelry & Gems)
January 3, 1990... Diamond Producers Planning Ahead Local diamond producers have formed a committee to examine the effects of the EEC unification in 1992. The committee will include representatives of producers and the Ramat Gan Diamond Exchange. The committee...

Rada opens Amsterdam office. (RADA Electronics Industries Ltd., Amsterdam, Netherlands) (Education)
January 3, 1990... Rada Opens Amsterdam Office Rada Electronics Industries is opening an office in Amsterdam that is to serve as the center for the company's European operations, Managing Director Haim Nissenson announced at a meeting of the company's board of...

Tadiran delays salaries. (Tadiran-Israel Electronics Industries Ltd.) (Education)
January 3, 1990... Tadiran Delays Salaries Tadiran will not pay December salaries on time to workers in the Communications Group, battery division staff and workers in its mechanics and printed circuit factories, all of which have been losing money. In contrast,...

Scitex takes $5.5 million hit on De La Rue. (De La Rue Company PLC) (Education)
January 3, 1990... Scitex Takes $5.5 Million Hit on De La Rue Scitex has sold all of its shares in the British company De La Rue for $22.5 million at a loss of $5.5 million. Scitex bought the shares in July, 1989 in an attempt to enter negotiations with De La Rue...

Gas market reforms questioned. (Israeli gas market, Petroleum Economics report) (Energy & Fuels)
January 3, 1990... Gas Market Reforms Questioned A special report prepared by a leading international energy consulting firm at the request of the long established fuel companies maintains that Israel's gas market reform is a failure. Petroleum Economics' study...

Ormat Turbines to Hawaii and Nevada. (Energy & Fuels)
January 3, 1990... Ormat Turbines to Hawaii and Nevada Ormat Turbines has just shipped geothermic turbines to geothermic power stations in Hawaii and Nevada. Most of the company's existing geothermic power station projects have been water-cooled stations that...

Delek raising funds. (Energy & Fuels)
January 3, 1990... Delek Raising Funds Delek's management has decided to recommend to the company's board that the firm raise NIS 25-30 million on the Tel Aviv Stock Exchange. This would be one of the largest planned offerings by a company already listed for...

Conference on computers in medicine. (Israeli Association for Information Systems in Medicine conference, Ramat Gan, Israel) (Exhibitions, Conferences & Seminars)
January 3, 1990... Conference on Computers in Medicine The fifth annual conference of the Israeli Association for Information Systems in Medicine, affiliated with the Israel Productivity Institute, will be held on January 11 at Kfar Hamaccabiah in Ramat Gan. The...

Exhibition for inventors. (Rehovot, Israel) (Exhibitions, Conferences & Seminars)
January 3, 1990... Exhibition for Inventors The first Israeli exhibition on creativity, innovations and patents will take place this coming Passover in mid-April at the Weisgal center in Rehovot as part of festivities marking the town's centennial. The purpose...

Public expects devaluation. (foreign exchange market) (Finance)
January 3, 1990... Public Expects Devaluation The private sector purchased $180 million of foreign currency in December, indicating that the public expects a shekel devaluation at the start of 1990, immediately after company books are closed for 1989. Private...

Macro predictions for 1990. (Israeli economic development) (Finance)
January 3, 1990... Macro Predictions for 1990 Economic growth will rise to 3%, unemployment will drop to 7.7% and inflation will fall off to 18% in 1990, according to the averages of a survey of 21 economists and business leaders polled by the Hadashot...

New offerings planned. (Israeli corporations) (Finance)
January 3, 1990... New Offerings Planned Supersol has sent the Tel Aviv Stock Exchange a prospectus for a NIS 40 million public bond offering, while Polygon Textile Die Works has submitted a prospectus for a NIS 6.36 million securities issue. The Securities...

Investment outlook for 1990. (Haim Ben-David's forecasts) (Finance)
January 3, 1990... Investment Outlook for 1990 In 1990, investments in real estate should continue to generate handsome returns, provident funds are expected to provide a real annual return of 1% to 3%, there will be no drastic changes in bonds and foreign...

Devaluation not supported. (Bank of Israel. Israel. Ministry of Finance) (Finance)
January 3, 1990... Devaluation Not Supported The Bank of Israel and the Finance Ministry do not support a devaluation of the shekel before April, since export profitability is currently at a reasonable level, production costs per unit of output declined...

Strauss Acre factory skims the cream. (Nahariya Dairy Strauss, Acre, Israel) (Food, Beverages & Tobacco)
January 3, 1990... Strauss Acre Factory Skims the Cream The appeals committee of the Ministry of Industry and Trade's investment center has approved development zone B status - which provides for government investment grants and other benefits - for the...

Papoushado examines Tabori partnership. (Eli Papoushado, Tabori Enterprises) (Food, Beverages & Tobacco)
January 3, 1990... Papoushado Examines Tabori Partnership Businessman and hotelier Eli Papoushado is negotiating to purchase part of the Tabori Enterprises beverage company. Papoushado apparently represents an anonymous foreign investor together with the Red Sea...

Taking stock. (W.E.S.T. Wine and Spirits Trade sale) (Food, Beverages & Tobacco)
January 3, 1990... Taking Stock Businessmen interested in acquiring W.E.S.T. Wine and Spirits Trade (Stock), currently under receivership, are having difficulty negotiating the sale, because of the numerous parties with whom they must negotiate. For instance,...

Israelis buy Guinea forest. (Yona International, C.E.M.G.A., forest products company) (Furniture & Timber)
January 3, 1990... Israelis Buy Guinea Forest The Jerusalem-based overseas developer and construction company Yona International has bought C.E.M.G.A, the largest forest products firm in Guinea, whose woodlands total 250,000 acres. The Israeli company hopes to...

Artificial blood vessels. (Hadassah Hospital) (Health)
January 3, 1990... Artificial Blood Vessels The center for heart surgery research at Hadassah hospital in Jerusalem is completing development of artificial blood vessels to be used to replace natural veins and arteries that are in danger of being blocked by...

Life insurance sales decline. (Israel) (Insurance)
January 3, 1990... Life Insurance Sales Decline Life insurance policy sales declined 22.1% in the first 10 months of 1989. according to the Life Insurance Association. From January to October, 110,000 life insurance policies were sold, representing total...

Pereg to Clal. (Dr. Moshe Pereg, Clal Insurance Company Ltd.) (Insurance)
January 3, 1990... Pereg to Clal Dr. Moshe Pereg, who had served as managing co-director of Menorah Insurance, plans to join Clal Insurance. According to the agreement between the parties, Clal will expand its insurance operations from four to five companies, as...

Engineer suing Sonol. (Dr. Amnon Manor) (Litigation)
January 3, 1990... Engineer Suing Sonol Dr. Amnon Manor, an engineer who has developed electrical systems powered by solar energy, has filed a NIS 1 million lawsuit in the Beersheba District Court against Sonol, its subsidiary Sonarco Alternative Energy...

Elscint sale problems. (Medical Equipment)
January 3, 1990... Elscint Sale Problems The sale of Elscint to Elbit has encountered surprising resistance, which may threaten Elscint's continued existence (See ICEN, No. 155, FP). Problems cropped up just prior to the conclusion of the deal, which required...

Imports of Hondas approved. (Honda, automobile) (Motor Industry)
January 3, 1990... Imports of Hondas Approved Imports of American-made Honda automobiles have finally been approved, after several rounds of inter-ministerial haggling. The imports are still subject to three conditions: it must be shown that the cars' components...

Hollinger to increase stake in Post. (Hollinger Argus Ltd., Jerusalem Post, newspaper) (Paper & Publishers)
January 3, 1990... Hollinger to Increase Stake in Post The Canadian Hollinger group is said to be wrapping up negotiations to purchase a 25% stake of the Jerusalem Post, held by the Hevrat Ha'Ovdim investment fund, for $4 million. The purchase would bring...

New veterinary medicine from Abic. (QueenAbic, veterinary product, Abic Chemical and Pharmaceutical Industries) (Pharmaceuticals and Cosmetics)
January 3, 1990... New Veterinary Medicine from Abic Abic Chemical & Pharmaceutical Industries has begun manufacturing a new synthetic antibiotic veterinary medicine for anti-bacterial treatment of infections and inflammations caused by disease- carrying...

Demand for Teva convertible bonds. (Teva Pharmaceutical Industries Ltd.) (Pharmaceuticals and Cosmetics)
January 3, 1990... Demand for Teva Convertible Bonds Teva Pharmaceutical Industries latest securities offering saw strong demand as investors' bids totaled NIS 100 million - two and a half times the sum issued. The issue consisted of NIS 40 million of...

New paving material. (Yuri Margolis invention) (Ports, Roads & Rail)
January 3, 1990... New Paving Material Yuri Margolis, an engineer from the Soviet Union living in Israel, has developed a new paving material that may revolutionize road and runway construction. Margolis has numerous Russian patents for building materials to his...

Eilat airport deficit. (Elath, Israel) (Ports, Roads & Rail)
January 3, 1990... Eilat Airport Deficit The Transportation Ministry wants to cancel exemptions on landing and traveler fees at the Eilat airport, due to the airport's accumulated deficit of NIS 6 million. The Ministry wants to save a total of $2 million by...

Australian railroad proposal. (Ports, Roads & Rail)
January 3, 1990... Australian Railroad Proposal Australia is interested in exporting to Israel, as well as to Europe via Israel. George Wertheim, who is in charge of the commercial section at the Australian Embassy in Israel, is trying to interest various...

Economic Corporation rent hike. (Jerusalem Economic Corp.) (Real Estate)
January 3, 1990... Economic Corporation Rent Hike The Jerusalem Economic Corporation has vehemently denied reports that it hiked rents following its sale to the U.S. investment bank Bear Stearns. The company insists that it is fulfilling its obligations to raise...

Sahar Holdings buys Malibu project. (Zion Project, office building) (Real Estate)
January 3, 1990... Sahar Holdings Buys Malibu Project Australian businessman Jack Lieberman continues to expand his investments in Israel. In addition to his acquisition of Paz Oil, Lieberman is focusing on real estate. Only a few weeks after acquiring the...

French group seeks investments. (Michel Pillage-led group) (Real Estate)
January 3, 1990... French Group Seeks Investments A group headed by French businessman Michel Pillage, active in real estate in France and Spain, is interested in investing tens of millions of dollars in Israeli retirement homes and tourist facilities. The group...

Malibu Israel turn profitable. (Real Estate)
January 3, 1990... Malibu Israel Turns Profitable Malibu Israel had third quarter net profits of NIS 1 million. The company actually reported losses totaling NIS 1.46 million, but these were offset because stockholders waived the right to receive accumulated...

Group eyes bigger Karden stake. (Avi Barak, Yehudah Kaminsky, Karden Investments) (Real Estate)
January 3, 1990... Group Eyes Bigger Karden Stake Karden Investments Chairman Avi Barak and Managing Director Yehudah Kaminsky, are trying to tighten their control of the company by buying a large percentage of the firm's stock in a deal outside the stock...

South Tel Aviv high-tech center. (Aharon Rosen developing building, Tel Aviv, Israel) (Real Estate)
January 3, 1990... South Tel Aviv High-Tech Center Aharon Rosen is developing a center for high-technology industry on Ben-Attar Street, near Herzl Street in south Tel-Aviv. The four-story building is to have 1,000 square meters of floor space. Rosen is...

Maritime Bank property purchased. (Real Estate)
January 3, 1990... Maritime Bank Property Purchased Netanya contractor Yitzhak Tshuvah and American businessman Henry Roth, who resides in Netanya, are heading a four-party investor group that has purchased one of Tel Aviv's most valuable properties from...

Israel's high import tariffs. (Taxes and Customs Duties)
January 3, 1990... Israel's High Import Tariffs Import tariffs in Israel average 15%, compared to 3.8% in the United States and 2.5% in the EEC and place Israel alongside countries like Malaysia and Tanzania, according to data compiled by Tel Aviv University...

Tariff reductions. (Taxes and Customs Duties)
January 3, 1990... Tariff Reductions Prices will be reduced by up to 5% on a series of imported articles, including carpets, clothing, footwear and furniture because of a reduction in a tariff surcharge. The government will lose NIS 40 million in 1990 in customs...

Aderet explains losses. (Textiles)
January 3, 1990... Aderet Explains Losses Aderet textile company officials blame heavy losses, which caused it to cease operations, on its relocation from Herzliya to Karnei Shomron. Licenses for the new facility at the Samaria settlement were granted late,...

Tourists arrive for Christmas. (Tourism)
January 3, 1990... Tourists Arrive for Christmas According to the Tourism Ministry, a total of 6,200 pilgrims participated in Christmas day ceremonies in Bethlehem, more than the 4,900 celebrants in 1988 and the 5,200 in 1987. Travel agents indicate that 10,000...

General Electric penalties. (Utilities)
January 3, 1990... General Electric Penalties General Electric is compensating the Israel Electric Company to the tune of $4.25 million for the delay in bringing on-line gas turbines installed in Ramat Hovav. The American company acknowledged that the two-month...

Ed Mlavsky. (Personal Profile)
January 3, 1990... ED MLAVSKY Age: 60. Education: B.Sc. in Chemistry and Ph.D. in Physical Chemistry from Queen Mary College in London. Born and raised in London and its environs, Mlavsky went to the U.S. in 1956. He co- founded the Tyco Laboratories research...

The 80's: lost decade for economy. (review of Israel economic changes in the 1980's) (Feature Article)
January 3, 1990... The 80's: Lost Decade for the Economy During the past decade, the gap between the Israeli standard of living and that of the West widened; while Western economies expanded at a dizzying pace, Israel experienced almost no growth. The economic...

Artificial blood breakthrough. (Technion) (This Week)
January 10, 1990... Artificial Blood Breakthrough The Technion wants to raise $100 million for the development of artificial blood, which its scientists have been working on for several years. The project has already generated patents and experiments performed with...

Shamrock, Belzbergs vie for Koor. (Shamrock Holdings Inc., Koor Industries Ltd.) (This Week)
January 10, 1990... Shamrock, Belzbergs Vie for Koor Shamrock Holdings and the Canadian Belzberg family are negotiating to acquire control of Koor Industries. Shamrock, the American investment firm owned by the Roy E. Disney family, has offered $100 million for a...

Shakeup at Israel Chemicals. (This Week)
January 10, 1990... Shakeup at Israel Chemicals Rafi Eitan, chairman of Israel Chemicals, one of the largest government-owned companies, stands to be fired as the result of a joint decision by Finance Minister Shimon Peres and Industry and Trade Minister Ariel...