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.