Ceragon Networks Ltd., a maker of systems for mobile-phone and Internet providers, rose the most in a month in New York after reporting orders of $3.5 million that tempered investors’ concern about a revenue drop.
Israel Chemicals Ltd. fell to the lowest level since 2011 as Barclays Plc. cut the fertilizer maker’s price estimate by 15 percent on concern a government review of natural-resource royalties may lead to lower profits.
Rakefet Russak-Aminoach stepped down as chief executive officer of one of Israel’s leading accounting firms in 2003 to pursue her long-time dream of succeeding her mentor, Galia Maor, in the top job at Bank Leumi Le-Israel Ltd.
Mellanox Technologies Ltd. Chief Executive Officer Eyal Waldman is betting the purchase of Voltaire Ltd. may help the Israeli maker of data-center adapters and software to boost sales 10-fold within the “coming years.”
Mellanox Technologies Ltd., an Israeli adaptor maker, expects more takeovers in the sector as the acquisition of RadVision Ltd. helps boost the volume of technology and Internet deals to the highest since 2007.
Options traders are raising bets to the highest since October that Mellanox Technologies Ltd., the maker of data-center adapters and software part-owned by Oracle Corp., will extend a 115 percent rally on demand for cloud technology.
Potash Corp. of Saskatchewan Inc. is in discussions to acquire Israel Chemicals Ltd. less than five months after it dropped a bid to raise its stake. Talks may be even more difficult this time as the country heads to January elections amid security tensions.