Oil Start the Week With a Rally

Genzyme advises shareholders not to act on bid MarketWatch BOSTON (MarketWatch) -- Genzyme Corp.'s (NASDAQ:GENZ) board said Monday that it is advising shareholders not to act on an unsolicited tender offer from French drug maker Sanofi-Aventis (NYSE:SNY) until it thoroughly reviews the offer and can issue a ... See all stories on this topic »

Pending US Sales of Existing Homes Increase 4.3% BusinessWeek By Courtney Schlisserman Oct. 4 (Bloomberg) -- The number of contracts to purchase previously owned homes in the US increased for a second month, a sign the housing market is beginning to stabilize. The National Association of Realtors' index of ... See all stories on this topic »

Factory Orders Decline Wall Street Journal By JEFF BATER And DARRELL A. HUGHES US factory orders dropped more than expected in August, marking the third decline in the last four months. Separately, the National Association of Realtors' index for pending sales of used homes increased 4.3% to ... See all stories on this topic »

KKR Makes Overture to Sara Lee Wall Street Journal By ANUPREETA DAS And ANJALI CORDEIRO Sara Lee Corp. has drawn interest from interest from buyout firm KKR & Co., news that sharply pushed up its shares Monday. KKR approached Sara Lee with an acquisition offer after Chief Executive Brenda Barnes ... See all stories on this topic »

Gasoline, Oil Start the Week With a Rally ABC News AP By CHRIS KAHN AP Energy Writer Retail gasoline prices rose Monday and oil prices rallied to the highest level in two months, though analysts say weak energy demand likely will push prices lower during the last three months of the year. ... See all stories on this topic »

Breaking: Orrick and Akin Call Off Their Merger Talks Above the Law By David Lat Well, that was fast. Last week we learned of preliminary merger discussions taking place between Akin Gump and Orrick. But this morning, spokespersons for both firms just released the following statement: [The firms] have mutually agreed ... See all stories on this topic »

Euro Drops From Six-Month High on Concern Banks Lack Capital BusinessWeek By Allison Bennett Oct. 4 (Bloomberg) -- The euro declined from a six-month high against the dollar as concern Europe's major banks are undercapitalized made the region's assets less attractive. The 16-nation currency weakened versus most of its major ... See all stories on this topic »

Boston Properties to Buy Boston's John Hancock Tower BusinessWeek By Kathleen M. Howley Oct. 4 (Bloomberg) -- Boston Properties Inc. agreed to buy Boston's John Hancock Tower, New England's tallest building, for a total of $930 million as the office landlord seeks to expand in the city. The company will pay $289.5 ... See all stories on this topic »

Airline stocks climb modestly with UAL higher MarketWatch By Christopher Hinton, MarketWatch NEW YORK (MarketWatch) — Airline stocks traded modestly higher Monday after Continental Airlines reported strong year-over-year revenue growth for September. The NYSE Arca Airline Index (NYSE:XAL) rose less than 1% to ... See all stories on this topic »