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☆ Prefab Homebuilder Veev Wanted to Fix the Housing Crisis. Here's What Went Wrong.
▼ + stars: | 2024-01-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

Veev also promised they would be green and less expensive, thanks to its factory process. The Veev representative said "no employee was requested to do so as a policy." The Veev representative said "production lines were not idle," and design errors were inevitable because the company was still testing its product. "While the Series D money was committed, not all of it was received," the Veev representative said. "Veev and Lennar made a joint decision to stop building the Gramercy project," the Veev representative wrote.

Persons: Henry Ford, Veev, Lennar, Elon, Veev Veev, Amit Haller, Ami Avrahami, Dafna Akiva, Haller, Ari Rauch, Rauch, Bond, Calcalist, I've, Scott Long, thatit, Long, Veev's Organizations: Federal Reserve, Business, Katerra, Industry, American, BI, NSF, Fortune, Employees, Dow Chemical, Lennar, Gramercy, Hayward, Wall LLC Locations: Hayward , California, homebuilding, San Carlos , California, Tel Aviv, California

☆ Inside the chaotic Thanksgiving-weekend collapse of homebuilder startup Veev that left employees shocked and worried about their jobs
▼ + stars: | 2023-11-30 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

But for workers of Lennar-backed homebuilder Veev, they were spent scrambling to determine if they would still have jobs come Monday. Speaking to the "Veev Family," he wrote: "Family will stay in touch and together forever, even if it is going to be only within our hearts." The company has about 250 employees, according to news site Calcalist. "We call it the Veev family," Haller said. On a very personal note, for me Amit Haller, Veev was my personal journey in the past 15 years, half of my professional career and about ⅓ of my entire life.

Persons: Amit Haller, Veev, Haller, doesn't, we're, homebuilder, Kleiner Perkins, Bond, Lennar, Linda Keala, Ami, Amit Organizations: Business, Dragonfly, Wall, Center, Real Estate, Technology Innovation, Employees, Dafna Locations: California, Tel Aviv, Hayward , California, Haller, Reali, @nicollsanddimes, .

☆ War with Hamas to cost Israel above $50 billion, Calcalist reports
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

Palestinians search for casualties, at the site of Israeli strikes on houses, amid the ongoing conflict between Israel and Palestinian Islamist group Hamas, at the Magazi Refugee Camp, in central Gaza Strip, November 5, 2023. REUTERS/Mohammed Salem Acquire Licensing RightsJERUSALEM, Nov 5 (Reuters) - Israel's war with Hamas in the Gaza Strip will cost as much as 200 billion shekels ($51 billion), the Calcalist financial newspaper reported on Sunday, citing preliminary Finance Ministry figures. Calcalist described the ministry as deeming 200 billion shekels an "optimistic" estimate. Calcalist said half of the cost would be in defence expenses that amount to some 1 billion shekels a day. Another 40-60 billion shekels would come from a loss of revenue, 17-20 billion for compensation for businesses and 10-20 billion shekels for rehabilitation.

Persons: Mohammed Salem, Lebanon's, Calcalist, Bezalel Smotrich, Benjamin Netanyahu, Moody's, Fitch, Steven Scheer, David Evans Organizations: Hamas, REUTERS, Rights, Ministry, Lebanon's Hezbollah, Thomson Locations: Israel, Palestinian, Gaza, Iran, Yemen

☆ Microsoft exec says Israel's tech sector could suffer from war with Hamas
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

Israeli national flags flutter near office towers at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel August 27, 2020. REUTERS/Ronen Zvulun/File Photo Acquire Licensing RightsJERUSALEM, Nov 1 (Reuters) - A senior Microsoft Israel official expressed concern for the future of Israel's high tech sector due to the country's war with Islamist group Hamas, warning multinational companies may close research and development activities. Tomer Simon, chief scientist at Microsoft Israel's R&D Center, said he expressed his concerns in a letter to Tzachi Hanegbi, Israel's head of the National Security Council, but never received a reply. "The country must create a positive horizon so that multinational companies continue to grow," Simon said, noting that for every tech job, there were five more created that drive Israel's economy. Simon did not cite figures but the government has estimated as much as 15% of tech workers were called to military service.

Persons: Ronen, Tomer Simon, Tzachi, Simon, Israel, Steven Scheer, Alison Williams Organizations: REUTERS, Rights, Microsoft Israel, Hamas, Microsoft, D Center, National Security Council, Thomson Locations: Petah Tikva, Israel

☆ Israel's Mobileye CEO Urges That Netanyahu Be Replaced Immediately
▼ + stars: | 2023-10-29 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

JERUSALEM (Reuters) - The head of self-driving auto technologies firm Mobileye and one of Israel's leading businessmen, Amnon Shashua, on Sunday urged the immediate ouster of Prime Minister Benjamin Netanyahu and his government. The only solution to the current situation in Israel is to replace the government, and it needs to happen immediately," Shashua wrote in an opinion piece in financial daily Calcalist. Netanyahu has not taken responsibility over intelligence and operational failures, saying only that there would be time to ask tough questions, including of himself, after the war. Shashua co-founded Mobileye firm in 1999. It was bought by Intel in 2017 for $15.3 billion and last year again went public.

Persons: Amnon Shashua, Benjamin Netanyahu, Shashua, Netanyahu, Steven Scheer, Ari Rabinovitch, Bernadette Baum Organizations: Sunday, Calcalist, Reuters, Intel, AI21 Labs Locations: JERUSALEM, Gaza, Israel

☆ Israel's Mobileye CEO urges that Netanyahu be replaced immediately
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

[1/2] Israeli Prime Minister Benjamin Netanyahu holds a press conference with Defense Minister Yoav Gallant and Cabinet Minister Benny Gantz (not pictured) in the Kirya military base in Tel Aviv , Israel , 28 October 2023. ABIR SULTAN POOL/Pool via REUTERS Acquire Licensing RightsJERUSALEM, Oct 29 (Reuters) - The head of self-driving auto technologies firm Mobileye (MBLY.O) and one of Israel's leading businessmen, Amnon Shashua, on Sunday urged the immediate ouster of Prime Minister Benjamin Netanyahu and his government. Netanyahu has not taken responsibility over intelligence and operational failures, saying only that there would be time to ask tough questions, including of himself, after the war. Shashua co-founded Mobileye firm in 1999. Reporting by Steven Scheer and Ari Rabinovitch; Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Benjamin Netanyahu, Yoav Gallant, Benny Gantz, Amnon Shashua, Shashua, Netanyahu, Steven Scheer, Ari Rabinovitch, Bernadette Baum Organizations: REUTERS Acquire, Rights, Sunday, Calcalist, Reuters, Intel, AI21 Labs, Thomson Locations: Tel Aviv, Israel, ABIR, Gaza

☆ Hamas launched a 'surprise' attack on Israel, but for Netanyahu's critics, the writing was on the wall for months
▼ + stars: | 2023-10-07 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

Hamas launched a surprise attack on Israel, killing at least 70 people. Critics have long been warning of a security lapse as a result of internal civil unrest in Israel. They warned that protests linked to judicial reforms were impacting Israeli national security. Netanyahu's judicial reforms, which were proposed in January and eventually passed in July, seek to limit the Supreme Court's power to exercise judicial review and declare legislation unconstitutional. "This is a clear, immediate, and real danger to Israel's security," Gallant said at the time.

Persons: —, Benjamin Netanyahu's, Yuval Sade, Calcalist, disdainfully, Israel, Netanyahu, Yair Lapid, Tamir Pardo, We've, Tomer Bar, Yoav Gallant, Gallant Organizations: Hamas, Service, IDF, PLO, Israel, Shin, Los Angeles Times, Israeli Air Force Locations: Israel, Iran

☆ Billionaire Parts With Group Behind Israel’s Judicial Overhaul
▼ + stars: | 2023-08-04 | by ( David Segal | More About David Segal | ) www.nytimes.com time to read: +1 min

Arthur Dantchik, the American multibillionaire who provided millions to the think tank behind Israel’s highly polarizing judicial overhaul plan, announced on Friday that he would no longer donate to the organization. Mr. Dantchik, 65, said in a statement that he would part ways with the Kohelet Policy Forum, which conceived a series of measures to transform Israel’s judicial system. “When a society becomes dangerously fragmented, people must come together to preserve democracy,” Mr. Dantchik said in the statement, posted to Calcalist, an Israeli news site. “I stopped donating to think tanks in Israel, including the Kohelet Policy Forum. A spokesman for Mr. Dantchik said he would have no further comment.

Persons: Arthur Dantchik, Dantchik, Mr, “, ” Kohelet Locations: Israel

☆ Quiet layoffs are creeping back into the adtech industry
▼ + stars: | 2023-07-20 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

Adtech layoffs have continued into this summer — including at some companies that already made cuts. Ezoic, MiQ, Outbrain, and Brightcove are among the adtech companies with recent layoffs. For some adtech companies, the huge wave of layoffs that struck in 2022 and at the turn of this year wasn't the last, amid prolonged economic uncertainty and a tepid ad market. To be sure, the layoff phenomenon isn't hitting all adtech companies, and many that made cutbacks — including those listed above — are aggressively shifting priorities and have open roles listed on their websites. Adweek recently reported a marked slowdown in adtech job openings in 2023, citing recruiters and industry insiders.

Persons: Dwayne Lafleur, Lafleur, Outbrain, Calcalist, Brightcove, —, Marc DeBevoise, MiQ, MediaMath, There's, Sasha Auzins, Brian Wieser, Adweek, Lee Walker Organizations: Meta, Microsoft, Yahoo, LinkedIn, Expand Locations: Germany

☆ Israel's workhorse Merkava tank could soon be refilling foreign arsenals depleted by the war in Ukraine
▼ + stars: | 2023-07-17 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Israel may be about to export its workhorse Merkava tank for the first time. Israel isn't selling the newest version of the 45-year-old Merkava tank family, the Merkava 5, or even the Merkava 4, which is used in front-line Israeli armored units. An Israeli Merkava tank in the Negev desert in November 1997. Israel Defense Forces/Michael ShvadronThough Israel is small, home to less than 10 million people, it's one of the world's top 10 arms exporters. If Merkava tanks are sold overseas, they may yet end up on surprising battlefields.

Persons: Yair Koles, Israel isn't, Antoine GYORI, Merkava, Mark, Michael Shvadron, Israel —, Efraim Inbar, MENAHEM KAHANA, Recep Erdogan, Michael Peck Organizations: Israel, Service, Israel's Ministry of Defense, Haaretz, Cypriot, El, Getty, Israel Defense Forces, United Arab, Morocco —, US Army, Jerusalem Institute for Strategy, Security, Polisario, Iranian, Defense, Foreign Policy, Twitter, LinkedIn Locations: Israel, Ukraine, Wall, Silicon, Arab, European, Turkey, Cyprus, Morocco, Spanish, El Espanol, Israeli, Soviet, Lebanon, Israel's, United Arab Emirates, Bahrain, Algeria, AFP, Turkish, Russian, Europe, Eastern, Merkavas, Russia, Syria, Iran, North Korea, Forbes

☆ Riskified latest company to transfer money out of Israel -media
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, March 8 (Reuters) - Israeli financial technology firm Riskified (RSKD.N) is transferring $500 million out of the country, joining private sector opposition to the government's planned overhaul of the judicial system, Israeli media reported on Wednesday. The judicial overhaul plan, which has already received initial parliamentary approval, would give the government greater sway on selecting judges and limit the power of the Supreme Court to strike down legislation. Moody's Investor Service warned on Tuesday that the planned judicial overhaul could weaken institutions and negatively impact Israel's sovereign credit profile. A number of other high-profile companies in Israel have already said they would be transferring large sums of money abroad due to the political uncertainty. Proponents say the changes are needed to curb what they deem an activist judiciary that interferes in politics.

☆ Start-up and VC fund to move funds out of Israel over judicial plan
▼ + stars: | 2023-01-26 | by ( Steven Scheer | ) www.reuters.com time to read: +2 min

JERUSALEM, Jan 26 (Reuters) - An Israeli venture capital fund and a local startup are moving their bank accounts out of Israel, they said on Thursday, as opposition mounts against government plans to overhaul the country's judicial system. This is a painful but necessary business step," said Guez, a vocal critic of the government's judicial plans. Barnoach told the Calcalist financial daily that the reforms are like a "legal coup" that could lead to economic instability. He said his foreign investors are worried and they may not continue to invest in Israel if the reforms pass. An S&P Global Ratings analyst this month told Reuters that Israel's judicial reforms plan could pressure the country's sovereign credit rating.

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