What's In The News: January 14th, 2011

Published on Fri, 01/14/2011 - 08:22
By Stephanie Shyu in General Interest, AAPL, BGP, GE, genz, nwsa, SBIB, sny, aapl, acquisition, apple, bgp, bid, border, capital, delay, ge, genz, genzyme, ipad, lenders, news corp, newspaper, nwsa, offer, sale, sanofi aventis, sbib, shareholder, shares, sny, sterling bancshares, subscriber, tablet, takeover
aapl, acquisition, apple, bgp, bid, border, capital, delay, ge, genz, genzyme, ipad, lenders, news corp, newspaper, nwsa, offer, sale, sanofi aventis, sbib, shareholder, shares, sny, sterling bancshares, subscriber, tablet, takeover

This is what's in the news for Friday, January 14th. Reuters reports that Sanofi-aventis (SNY) will now offer about $76 a share or about $20B to hopefully win its takeover bid for Genzyme (GENZ). the Wall Street Journal reports that Sterling Bancshares (SBIB), facing a proxy fight from a major shareholder, put itself up for sale, and an announcement is expected next week. …the New York Times reports that Borders (BGP) told publishers it's close to reaching a refinancing deal with GE (GE) Capital and other lenders, ...the Wall Street Journal reports. and finally, News Corp. (NWSA) and Apple (AAPL) delayed the launch of News Corp.'s tablet newspaper for the iPad as they continue to work on the subscription platform for delivering the paper.

By Stephanie Shyu
sshyu@fnno.com

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