Sanofi extends bid for Genzyme

French pharmaceutical giant Sanofi-Aventis said Monday it had extended its bid for US biotechnology group Genzyme without improving an offer that attracted only a fraction of Genzyme shares.

EBay wins a round in court against Craigslist

(AP) -- In a skirmish between two Internet heavy hitters with a tangled relationship, eBay Inc. has convinced a court that it was wronged by antitakeover moves adopted by Craigslist after eBay started encroaching on its ...

Apple CEO Jobs favors flexibility of cash hoard

(AP) -- Apple Inc., buoyed by the success of the iPhones, iPods and computers it churns out to breathless buyers, could give some of its $25 billion in cash back to shareholders. But CEO Steve Jobs said Thursday that he ...

Alibaba says Yahoo 'reckless' on Google stance

(AP) -- China's e-commerce giant Alibaba turned on major shareholder Yahoo Inc. on Saturday, calling the American company's support of Google in its standoff with China "reckless."

Panasonic completes Sanyo acquisition

(AP) -- Panasonic Corp. said Monday that it had taken majority control of Sanyo Electric Co., officially forming one of the world's largest electronics makers.

Cisco raises bid for Tandberg to $3.4 billion

(AP) -- Cisco Systems Inc. said Monday it raised its bid for Norway's Tandberg ASA after only a fraction of Tandberg shareholders agreed to Cisco's initial offer.

Churchill Downs buying YouBet.com

Churchill Downs Inc., owner of the horse racing track which hosts the famed Kentucky Derby, announced it has agreed to acquire online betting website YouBet.com.

Blackberry maker RIM to buy back $1.2 bln in stock

Blackberry smartphone maker Research in Motion (RIM) announced Thursday it would buy back 1.2 billion US dollars worth of its stock to prop up the sagging share price amid heightened competition.

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