ISRAEL

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Oil up on U.S. stock draw

Oil rose slightly on Thursday as profit-taking cut into an earlier rally driven by rising tensions between Syria and Israel and a drop in U.S. inventories.

Animation site Aniboom launches YouTube channel

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Aniboom, an Internet home for animators to create and share original clips, is launching its own channel on video site YouTube with the aim of hatching the next animated blockbuster that could rival The Simpsons or South Park.
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U.S. signs $30 billion defense aid pact with Israel

The United States sealed a deal on Thursday to provide Israel with $30 billion in defense grants over the next decade, a 25 percent boost that Washington describes as strengthening a regional bulwark against Iran.
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New Palestinian govt eyes aid but Gaza cut off

Palestinian President Mahmoud Abbas swore in an emergency government on Sunday in a move that could bolster him in his power struggle with Islamist rivals by unlocking foreign aid in the West Bank.
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4 Charged in Plot to Blow up NYC Airport

Federal authorities said a plot by a suspected Muslim terrorist cell to blow up John F. Kennedy International Airport, its fuel tanks and a jet fuel artery could have caused unthinkable devastation.
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Abbas Walks Tightrope Above Palestinian Abyss

The choice facing Palestinian President Mahmoud Abbas is stark: sack the Hamas-led government and risk civil war or do nothing and watch poverty and unrest deepen in Gaza and the occupied West Bank.
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Japan's Olympic Commission Appoints Director

The Japanese Olympic Commission (JOC) will appoint Tokyo Governor Shintaro Ishihara as the director-general of Tokyo Olympic Bidding Committee for the 2016 Summer Games, the commission said on Friday.
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Lebanon hopes UN force can boost tourism

Lebanon will lose about $2 billion in tourism revenues this year due to a month-long war but the tourism minister is hoping a 15,000-strong U.N. peacekeeping force will help revitalise the industry.
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Europe Spyplane in Doubt After Spain Crash

The future of a European project aimed at matching U.S. and Israeli prowess in unmanned spyplanes that could eventually fire weapons was thrown into doubt after a test model crashed off the coast of Spain.
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Lockheed Fears Budget Setback for F-35 Jet

Lockheed Martin Corp.'s $276.5 billion F-35 Joint Strike Fighter program, the costliest U.S. arms acquisition project, may be set back by moves in Congress to slow initial production, a top company official said on Wednesday.
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World Bank Gives Lebanon $70M for Reconstruction

The World Bank announced on Wednesday that it would give a $70 million grant for a trust fund for Lebanon to support the country's reconstructions efforts in the aftermath of the conflict between Israel and Hezbollah.
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Terrorism Hurts Markets, but How Much?

How much does terrorism affect stock prices?To find the answer, economists have parsed market reaction to events dating back to the 1915 sinking of the Lusitania, academics have studied how attacks on McDonald's restaurants have affected the company's stock price and researchers in Israel have chronicled what 13 years of suicide bombings did to stocks there.
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SanDisk Sued over M-Systems Acquisition

SanDisk Corp., the worlds largest flash memory supplier, has been sued by two parties with regards to its proposed acquisition of M-Systems Ltd., the firm said on Thursday.
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FTSE soars as oil dips, Vodafone up

UK stocks closed at their highest level in nearly two weeks on Monday as numbers from Vodafone boosted investor confidence at the start of a busy earnings week and concerns over the conflict in Lebanon eased slightly.
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$150 mln U.S. fund targets Israel

U.S. venture capital firm Greylock Partners said on Monday it closed a $150 million fund that will invest in early-stage Israeli high-tech companies.
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Oil prices hover above $78 per barrel

Oil prices topped $78 per barrel Friday and held near record highs as intensifying violence in the Middle East raised concerns of possible supply disruptions.
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FTSE Drops 1 Pct on Political, Rate jitters

Leading British shares dropped 1 percent on Thursday, as escalating geopolitical tensions, record high oil prices and concerns over U.S. corporate profits sent jitters through global equity markets, while a decline in Aviva Plc shares also weighed.
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Generics Face Fight to Crack EU Biotech Market

European generic drug firms hope to lead the world in developing cheap copies of biotech medicines, but industry experts see hurdles ahead and warn that carving out a major market will not happen overnight.

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