ANDREW ROSS SORKIN

Airfares stay high, thanks to mergers

Oil prices have dropped more than 50 percent in the last year, but that hasn’t translated into lower fares. Lack of competition, thanks to mergers,...

Sanofi-Aventis reveals Genzyme bid

French drug giant Sanofi-Aventis publicly disclosed its $18.5 billion bid for Genzyme on Sunday, intensifying pressure on the U.S. biotechnology company to negotiate a sale.