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Bethel Finance news:
D Medical Industries Ltd. (Nasdaq: DMED); TASE:DMED) has obtained a US patent for a component of its insulin pump. The patent, entitled "Devices for Continuous Measurement of Glucose in Body Fluid," protects innovative technology that allows for the combination of a minimally invasive continuous glucose monitor and an insulin pump on the same patch.
The technology enables the use of a single access point to both accurately test for blood glucose levels and deliver insulin.
D Medical COO Hezkiah Tsoory said, “The ability to accurately monitor glucose levels and deliver insulin via a single device employing a common insertion point represents a major breakthrough in the delivery of a safe, convenient and minimally invasive experience for insulin pump users."
D Medical's share price closed at $1.71 on Nasdaq yesterday, giving a market cap of $13 million, and rose 7% by mid-afternoon on the TASE today to NIS 7.03.
Monday, November 28, 2011
Bethel Finance: US patent for D Medical insulin pump component
www.bethelfinance.com
Bethel Finance news:
D Medical Industries Ltd. (Nasdaq: DMED); TASE:DMED) has obtained a US patent for a component of its insulin pump. The patent, entitled "Devices for Continuous Measurement of Glucose in Body Fluid," protects innovative technology that allows for the combination of a minimally invasive continuous glucose monitor and an insulin pump on the same patch.
The technology enables the use of a single access point to both accurately test for blood glucose levels and deliver insulin.
D Medical COO Hezkiah Tsoory said, “The ability to accurately monitor glucose levels and deliver insulin via a single device employing a common insertion point represents a major breakthrough in the delivery of a safe, convenient and minimally invasive experience for insulin pump users."
D Medical's share price closed at $1.71 on Nasdaq yesterday, giving a market cap of $13 million, and rose 7% by mid-afternoon on the TASE today to NIS 7.03.
Bethel Finance news:
D Medical Industries Ltd. (Nasdaq: DMED); TASE:DMED) has obtained a US patent for a component of its insulin pump. The patent, entitled "Devices for Continuous Measurement of Glucose in Body Fluid," protects innovative technology that allows for the combination of a minimally invasive continuous glucose monitor and an insulin pump on the same patch.
The technology enables the use of a single access point to both accurately test for blood glucose levels and deliver insulin.
D Medical COO Hezkiah Tsoory said, “The ability to accurately monitor glucose levels and deliver insulin via a single device employing a common insertion point represents a major breakthrough in the delivery of a safe, convenient and minimally invasive experience for insulin pump users."
D Medical's share price closed at $1.71 on Nasdaq yesterday, giving a market cap of $13 million, and rose 7% by mid-afternoon on the TASE today to NIS 7.03.
Bethel Finance: Or gas field too small to develop
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Bethel Finance news:
Ratio Oil Exploration (1992) LP , Isramco Ltd. , and Israel Petrochemical Enterprises Ltd. today announced that they will not develop Or offshore gas field, part of the Med Yavne license. The decision is based on an engineering feasibility study to develop the reservoir made by an international consultant, which found the reservoir not worth developing.
The Or discovery was a small one. In October, the partners announced that it has a best estimate of 42.4 billion cubic feet of natural gas with a 50% probability, according to Netherland, Sewell and Associates Inc. (NSAI). The Med Yavne covers 52 square kilometers in shallow water (700 meters deep) 39 kilometers west of Ashdod. It is north of Yam Tethys. Isramco, the well operator, began drilling in the license in October 1999. The exploratory well found gas-bearing sands in the Pliocene Yafo formation at a depth of 2,020 meters.
Isramco and its affiliates own 62% of the Or-1 license, Ratio owns 12.3%, Petrochemical Enterprises owns 5.5%, and Dor Chemicals Ltd. and its affiliate Dor Gas Exploration LP own 5.4%.
Isramco's share price rose 2.2% by mid-afternoon to NIS 0.46, giving a market cap of NIS 5.4 billion, Ratio's share price rose 4.5% to NIS 0.35, giving a market cap of NIS 2.5 billion, and Petrochemical Enterprises' share price rose 3.6% to NIS 7.10, giving a market cap of NIS 210 million.
Bethel Finance news:
Ratio Oil Exploration (1992) LP , Isramco Ltd. , and Israel Petrochemical Enterprises Ltd. today announced that they will not develop Or offshore gas field, part of the Med Yavne license. The decision is based on an engineering feasibility study to develop the reservoir made by an international consultant, which found the reservoir not worth developing.
The Or discovery was a small one. In October, the partners announced that it has a best estimate of 42.4 billion cubic feet of natural gas with a 50% probability, according to Netherland, Sewell and Associates Inc. (NSAI). The Med Yavne covers 52 square kilometers in shallow water (700 meters deep) 39 kilometers west of Ashdod. It is north of Yam Tethys. Isramco, the well operator, began drilling in the license in October 1999. The exploratory well found gas-bearing sands in the Pliocene Yafo formation at a depth of 2,020 meters.
Isramco and its affiliates own 62% of the Or-1 license, Ratio owns 12.3%, Petrochemical Enterprises owns 5.5%, and Dor Chemicals Ltd. and its affiliate Dor Gas Exploration LP own 5.4%.
Isramco's share price rose 2.2% by mid-afternoon to NIS 0.46, giving a market cap of NIS 5.4 billion, Ratio's share price rose 4.5% to NIS 0.35, giving a market cap of NIS 2.5 billion, and Petrochemical Enterprises' share price rose 3.6% to NIS 7.10, giving a market cap of NIS 210 million.
Bethel Finance: China's Chery, Israel Corp launch Qoros car brand
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Bethel Finance news:
Israel Corporation (TASE: ILCO) and China's Chery Automobile Company today announced that their joint venture, Qoros Automotive Company, will launch a new brand targeting the Western European and Chinese markets. Qoros, owned in equal shares by the two companies, was also renamed today from Chery Quantum Auto. Sales of the first model, a compact sedan, are slated to begin in 2013.
Israel Corp and Chery have invested $500 million in Qoros since they founded it in 2007. The company aims to meet the 2013 five-star ratings by European New Car Assessment Program (NCAP). Qoros is building a factory in Changshu, an industrial city west of Shanghai, that will have an annual capacity of 150,000 cars, which could expand in the future to 300,000.
Qoros vice chairman Volker Steinwascher said, "As a new company, Qoros has been able to attract a wealth of international talent who are leveraging their global auto industry experience to create an entirely new brand that offers an original product to consumers." The team, which includes the designer of the BMW Mini, Gert Hildebrand, is seeking to create distinctive international designs.
Qoros said that, through cooperation with its worldwide partners, it aims to address Chinese and international demand for cost-effective, attractively designed cars that meet stringent European quality, safety and emissions standards.
Qoros CEO Guo Qian said, "As a young company without legacy there are considerable advantages in the creation of a new car. We are designing our products to meet our customers’ needs and intend to always keep that at the core of our business."
Bethel Finance news:
Israel Corporation (TASE: ILCO) and China's Chery Automobile Company today announced that their joint venture, Qoros Automotive Company, will launch a new brand targeting the Western European and Chinese markets. Qoros, owned in equal shares by the two companies, was also renamed today from Chery Quantum Auto. Sales of the first model, a compact sedan, are slated to begin in 2013.
Israel Corp and Chery have invested $500 million in Qoros since they founded it in 2007. The company aims to meet the 2013 five-star ratings by European New Car Assessment Program (NCAP). Qoros is building a factory in Changshu, an industrial city west of Shanghai, that will have an annual capacity of 150,000 cars, which could expand in the future to 300,000.
Qoros vice chairman Volker Steinwascher said, "As a new company, Qoros has been able to attract a wealth of international talent who are leveraging their global auto industry experience to create an entirely new brand that offers an original product to consumers." The team, which includes the designer of the BMW Mini, Gert Hildebrand, is seeking to create distinctive international designs.
Qoros said that, through cooperation with its worldwide partners, it aims to address Chinese and international demand for cost-effective, attractively designed cars that meet stringent European quality, safety and emissions standards.
Qoros CEO Guo Qian said, "As a young company without legacy there are considerable advantages in the creation of a new car. We are designing our products to meet our customers’ needs and intend to always keep that at the core of our business."
Bethel Finance: Koor buys 2.52m Credit Suisse shares
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Bethel Finance news:
IDB Holding Corp. Ltd. (TASE:IDBH) chairman Nochi Dankner is redoubling his bet on Credit Suisse Group AG (NYSE: CS; SWX: CSGN; XETRA: CSGZ). IDB unit Koor Industries Ltd. (TASE:KOR) today announced that it owns 30.32 million Credit Suisse shares. The statement means that it has bought 2.52 million Credit Suisse shares since the end of the third quarter on September 30.
Koor added that it purchased the shares for NIS 2.91 billion, and that the balance of its credit from Citigroup Inc. (NYSE: C) and Morgan Stanley (NYSE: MS) for buying Credit Suisse shares is NIS 1.53 billion (CHF 374million).
Koor said that Citigroup and Morgan Stanley have liens on all of Koor's shares in Credit Suisse as collateral for the loans. The holding is currently worth NIS 2.61 billion, giving a debt-to-collateral ratio of 59%.
Credit Suisse's share price rose 6.2% in Zurich today to CHF 21.15, after rising 8.6% in New York on Friday to $23.02. Koor's share price rose 3.1% by mid-afternoon today to NIS 42.84, giving a market cap of NIS 2 billion.
Bethel Finance news:
IDB Holding Corp. Ltd. (TASE:IDBH) chairman Nochi Dankner is redoubling his bet on Credit Suisse Group AG (NYSE: CS; SWX: CSGN; XETRA: CSGZ). IDB unit Koor Industries Ltd. (TASE:KOR) today announced that it owns 30.32 million Credit Suisse shares. The statement means that it has bought 2.52 million Credit Suisse shares since the end of the third quarter on September 30.
Koor added that it purchased the shares for NIS 2.91 billion, and that the balance of its credit from Citigroup Inc. (NYSE: C) and Morgan Stanley (NYSE: MS) for buying Credit Suisse shares is NIS 1.53 billion (CHF 374million).
Koor said that Citigroup and Morgan Stanley have liens on all of Koor's shares in Credit Suisse as collateral for the loans. The holding is currently worth NIS 2.61 billion, giving a debt-to-collateral ratio of 59%.
Credit Suisse's share price rose 6.2% in Zurich today to CHF 21.15, after rising 8.6% in New York on Friday to $23.02. Koor's share price rose 3.1% by mid-afternoon today to NIS 42.84, giving a market cap of NIS 2 billion.
Bethel Finance: Benetton unveils controversial kissing ads in Israel
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Bethel Finance news:
Benetton's provocative Unhate advertising campaign, which shows national leaders kissing each other, has been unveiled in a NIS 500,000 billboard campaign along the Ayalon Highway in Tel Aviv and other Israeli highways. The Israeli billboards were prepared by Nur Media Star Ltd.
The pictures include Prime Minister Benjamin Netanyahu kissing Palestinian Authority President Mahmoud Abbas (Abu-Mazen).
Nur Media Star said, "We are proud to be a part of innovative and prominent campaigns like Benetton's campaign. The creative message placed along the country's key arteries creates extraordinary exposure and looks sexy, which every fashion client seeks."
United Colors of Benetton launched its Unhate campaign two weeks ago. The images include US President Barack Obama kissing Venezuela President Hugo Chavez, and French President Nicolas Sarkozy kissing German Chancellor Angela Merkel.
Bethel Finance news:
Benetton's provocative Unhate advertising campaign, which shows national leaders kissing each other, has been unveiled in a NIS 500,000 billboard campaign along the Ayalon Highway in Tel Aviv and other Israeli highways. The Israeli billboards were prepared by Nur Media Star Ltd.
The pictures include Prime Minister Benjamin Netanyahu kissing Palestinian Authority President Mahmoud Abbas (Abu-Mazen).
Nur Media Star said, "We are proud to be a part of innovative and prominent campaigns like Benetton's campaign. The creative message placed along the country's key arteries creates extraordinary exposure and looks sexy, which every fashion client seeks."
United Colors of Benetton launched its Unhate campaign two weeks ago. The images include US President Barack Obama kissing Venezuela President Hugo Chavez, and French President Nicolas Sarkozy kissing German Chancellor Angela Merkel.
Bethel Finance: Israel will avoid recession
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Bethel Finance news:
The OECD says that Israel will probably avoid recession, but the weakening external demand is nevertheless prompting a slowdown in output growth that is unlikely to reverse until the middle of 2012. The worsening prospects for output and employment, along with lower inflation expectations and outcomes, have led to an easing of the monetary policy stance.
In its Economic Outlook, the OECD predicts that Israel's GDP growth rate will slow from 4.7% in 2011 to 2.9% in 2012, and rebound to 3.9% in 2013. Export growth will slow from 4.8% in 2011 to 3.9% in 2012, and partly recovery to 7.8% in 2013. The unemployment rate will rise from 5.6% in 2011 to 6% in 2012, and fall back to 5.8% in 2013.
The OECD also expects the rise in the Consumer Price Index (CPI) to slow from 3.5% in 2011 to 2% in 2012 and 2.1% in 2013 - the mid-point of the government's 1-3% inflation target. The budget deficit will fall from 4% in 2011 to 3.8% in 2012 and 3.5% in 2013.
Bethel Finance news:
The OECD says that Israel will probably avoid recession, but the weakening external demand is nevertheless prompting a slowdown in output growth that is unlikely to reverse until the middle of 2012. The worsening prospects for output and employment, along with lower inflation expectations and outcomes, have led to an easing of the monetary policy stance.
In its Economic Outlook, the OECD predicts that Israel's GDP growth rate will slow from 4.7% in 2011 to 2.9% in 2012, and rebound to 3.9% in 2013. Export growth will slow from 4.8% in 2011 to 3.9% in 2012, and partly recovery to 7.8% in 2013. The unemployment rate will rise from 5.6% in 2011 to 6% in 2012, and fall back to 5.8% in 2013.
The OECD also expects the rise in the Consumer Price Index (CPI) to slow from 3.5% in 2011 to 2% in 2012 and 2.1% in 2013 - the mid-point of the government's 1-3% inflation target. The budget deficit will fall from 4% in 2011 to 3.8% in 2012 and 3.5% in 2013.
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