Genzyme rejects Sanofi-Aventis buyout offer

Date: Mon, 30 Aug 2010 12:00:51 -0400

Genzyme rejects Sanofi-Aventis buyout offer
Genzyme formally rejects a $69-a-share buyout offer made by
Sanofi-Aventis, saying it undervalues the biotechnology company.

DOLLAR GAINS ON EURO; YEN RISES BROADLY
Japan's yen advances after an emergency easing by the Bank of Japan
failed to stem recent strength in the currency. The dollar mostly
gains but loses ground agains the yen.

U.S. STOCKS FALTER AS INVESTORS FIXATE ON ECONOMY
Wall Street trades broadly lower to start off a week that culminates
with the U.S. employment report for August.

ISRAEL STOCKS SLIP; PARTNER RISES AFTER REPORT
Israeli stocks edge lower on Monday, with strength in Ratio Oil and
Israel Chemicals offset by weakness among the banks, the chemicals
companies and the drugmakers.

SALARIES AND WAGES ARE RISING, BUT NOT BY MUCH
After two years of holding back on salary raises, U.S. employers say
they plan bigger increases of workers' wages in 2011 -- but those
plans could change if the economy continues to falter.