United Grounds Nearly 100 Jets Over Safety Issue

United Airlines (UAL) has temporarily grounded 96 of its Boeing (BA) 757 jets after the airline discovered late Tuesday it had failed to complete federally mandated safety checks.

The action is expected to result in the cancellation or delay of an un…

Sanofi to Buy Genzyme in $20.1 Billion Deal

French drug company Sanofi-Aventis (SNY) has finally made a deal to buy biotech company Genzyme (GENZ) for $20.1 billion, about $74 a share. Genzyme shareholders will get a contingent value right that represents potential future payments if Lemtrada, t…