Israel News

Millions of Acetaminophen Pills Recalled

Check your medicine cabinet: Millions of bottles of the widely used pain reliever acetaminophen — some sold as long as three years ago — are being recalled because they may contain metal fragments. The recall affects 11 million bottles containing …

Commentary: In an Electoral Defeat – Echoes of the ‘Great War’

As the Republican Neo-Con Light Brigade charged into the Democratic Valley of Death on Tuesday Nov. 7th, echoes of another far off war could be heard. It will be 88 years on Saturday that the guns finally fell silent, bringing …

Business Moves

Alliant, Jardine Lloyd Thompson Jardine Lloyd Thompson Group PLC sold its U.S.-based property and casualty insurance and employee benefits businesses to California-based Alliant Insurance Services Inc. JLT said the proceeds would be used to enhance the group’s financial position including …

California Governor Signs Bill to Increase Minimum Wage

California Gov. Arnold Schwarzenegger signed AB 1835 by Assemblymember Sally Lieber, D-Mountain View, that will raise the minimum wage to $8 an hour by Jan. 1, 2008, which is greater than any other state. “Raising the minimum wage is something …

News Currents

Number of Okla. teen smokers drops Nearly one-third fewer Oklahoma teenagers smoked cigarettes last year compared to 1999, according to a state Health Department survey, the Associated Press reported. The random survey of 4,000 high school and middle school students …

Aon Sub Acquires Israeli Broker Fredy & Ilan Beck

Aon Aminim, a unit of Aon International, headquartered in Tel Aviv, Israel, announced that it has acquired the business of Fredy & Ilan Beck Insurance Brokers in Haifa, Israel, subject to approval of the relevant authorities. “The businesses of Aon …

Berkshire Hathaway 2nd Quarter Earnings Rise 62 Percent

Omaha, Neb.-based Berkshire Hathaway Inc., billionaire Warren Buffett’s investment vehicle, reported Friday that second-quarter earnings jumped 62 percent on strength in its investments and insurance and utility businesses. Berkshire earned $2.35 billion, or $1,522 per share, for the three months …

Republic Announces Merger Agreement With Delek Capital

Dallas-based property/casualty insurer, Republic Companies Group Inc., announced it has entered into a definitive merger agreement pursuant to which a subsidiary of Delek Capital Ltd. would acquire all of the outstanding shares of Republic’s common stock for $20.40 per share …

Black Leaders Seek Meeting with Bush on Gulf Coast Recovery

Black leaders said they would ask for a meeting with President Bush to address the needs of the Gulf Coast and solutions for speeding up recovery there as the one-year anniversary of Hurricane Katrina approaches. Speaking on a panel at …

Business Moves

Berkshire Hathaway, Iscar Berkshire Hathaway completed the acquisition of 80 percent of Iscar Metalworking Companies. Berkshire announced in May that it would pay $4 billion for the stake in the privately held Israeli company, which makes metal cutting tools. The …