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.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up