Sanofi-Aventis CEO Chris Viehbacher said Wednesday that he believes his French pharmaceutical company will eventually buy U.S. biotech company Genzyme at a reasonable price. However, he expects it will take some time to agree on a deal, and he won't rush into anything.
This week marks the second anniversary of an event that shook the financial industry to its core. In her newly released book, The Weekend that Changed Wall Street, CNBC anchor Maria Bartiromo gives an insider's look at the fateful days surrounding the fall of Lehman Brothers.
The SEC settled its case against Bank of America for failing to disclose Merrill Lynch's losses and bonus plans before their merger, but BofA shareholders are still seeking justice. On Friday, a judge refused to dismiss their claims, meaning they'll get their chance at a trial.
The Justice Department said it has no further antitrust concerns about a merger between United Airlines and Continental Airlines, clearing a major hurdle for the union.
A week after rival Dell made a play for storage technology firm 3Par, Hewlett-Packard jumps into the bidding process with a $1.6 billion offer - a 33.3% premium above the price proposed by Dell.
Shares of biotechnology drug-maker Genzyme soared as high as 20% Friday on reports that Sanofi-Aventis is considering a takeover.
Aon Corp. and Hewitt Associates announced Monday that the boards of directors of both companies have approved a definitive agreement under which Hewitt will merge with a subsidiary of Aon.
Just a week after Boeing bought cybersecurity company Argon ST, the aerospace and defense giant says it's buying another cybersecurity company, Narus, which has developed a system to protect Internet networks.
The Federal Trade Commission's approval creates a powerful new force in mobile advertising. And it could put Apple at big disadvantage. Ironically, Apple's own moves in mobile ads helped sway the FTC's decision.
The acquisition by British hedge fund giant Man Group of rival firm GLG Partners not only catapults the firm to the top of the hedge fund league, but sets the stage for a likely big push into the U.S. market.
Separately, United and Continental's frequent flier programs are among the most robust loyalty programs in the business, allowing passengers to earn and spend miles in a variety of ways. Combining the two will create a powerhouse program.
Strong earnings, growing merger activity and an improved macroeconomic outlook could mean the bull market's here to stay. The forecast will become clearer this week, with the release of several key economic and earnings reports.
If US Airways and United Airlines combine, it might make the new company stronger. It might also lead to a few more customer-service hassles. What it probably won't do is cut seats and send ticket prices into the stratosphere.
Led by Senator Al Franken, lawmakers Thursday clashed with top execs at Comcast and NBC Universal over their claim that the media giants' merger would benefit the public. Despite calling for "strong conditions," legislators seemed likely to let the deal go through.
The cable giant tells the federal government that its proposed merger with NBC Universal will benefit the public. That claim was immediately denounced by critics, including one consumer advocacy group that called the argument "positively Orwellian."
The European Union's support of Oracle's $7.4 billion acquisition of Sun Microsystems didn't come as a big surprise, but it is a key moment for the industry -- especially for Sun, the fourth largest maker of server computers.
After weeks of sitting on the sidelines while Cadbury played cat-and-mouse with Kraft Foods, Hershey is finally ready to make a bid for the U.K.-based chocolate maker. Sources close to the Hershey board say that the company will bid $17.9 billion for Cadbury.
For Bare Escentuals, the deal will allow it to tap into some rich and growing markets in Asia, including China. For Shiseido, it will provide a better foothold in the U.S., where its own brand has a cult following, at best.
The industry is poised for yet another revolution, triggered by ExxonMobil's $41 billion purchase of XTO. It's a clear sign that future growth in extractive energy will come from sources other than oil -- such as natural gas. Expect other oil majors to follow suit.