The Federal Trade Commisssion is examining Google’s $1 billion deal to purchase the Israeli navigation start-up Waze to see if the purchase violated any antitrust laws.
Just a couple of years ago, the Israeli entrepreneurs behind the traffic-fighting smartphone app Waze were knocking down the door of every news outlet in Los Angeles. They were seeking publicity to help forge their way into the iPhones and Androids of L.A. drivers by promising some reprieve from “Carmageddon” weekend on the 405 freeway.
Shlomo Rechnitz, a prominent local businessman and philanthropist, has purchased Doheny Glatt Kosher Meat Market, the scandal-plagued kosher meat retailer and distributor.
EMC Corp. acquired the Israeli storage systems start-up company XtremIO for more than $430 million.
Israeli businessmen have launched a Web site to help counter calls to boycott products made in Israel.
The Valley Cities Jewish Community Center received a new lease on life this week when its parent organization agreed in principle to sell the center property to a local partnership that will keep the JCC going. Without the agreement, the center could have shut down at the end of June, probably for good.
The parent organization, which is called the Jewish Community Centers of Greater Los Angeles, said it would accept a $2.7 million bid for the Sherman Oaks property. The condition for this "discounted" price was that any developer must also agree to renovate the JCC building or construct a new facility, insiders said. Four developers are believed to have expressed interest in putting senior housing and a state-of-the-art JCC on the land. A formal purchase offer could materialize by the end of July.