The Canadian Press – NEW YORK, N.Y. – Biotechnology company Genzyme Corp. said Monday it rejected Sanofi-Aventis SA’s US$18.5-billion buyout offer because it undervalues the company.

The Canadian Press – ATLANTA – Accurate conclusions about what caused the blowout of BP’s oil well in the Gulf of Mexico and the massive spill that followed will have to wait for a key piece of equipment to be raised from the seafloor and analyzed, a member of a federal investigative panel looking into the disaster said Monday.

The Canadian Press – NEW YORK, N.Y. – Intel Corp. is buying the wireless communications unit of Germany’s Infineon Technologies AG for US$1.4 billion in cash, the second deal in as many weeks that allows the chipmaker to expand beyond the struggling personal computer market.