Genzyme Corp (NASDAQ: GENZ) soared as much as 17% on Friday after the Wall Street Journal reported that France's Sanofi-Aventis SA (NYSE: SNY) has made an informal acquisition approach to biotechnology drug maker.
US stocks retained slight losses midday Friday as investors turned cautious after a report showed that seven out of 91 European banks failed stress tests.
Microsoft (NASDAQ: MSFT): Benchmark & Co. on Friday upgraded Microsoft to Buy from Hold with a price target of $32.
McGraw-Hill Companies (NYSE: MHP) reported Friday that its second-quarter net income climbed 16% from last year, helped by solid results in the U.S. college and university market, a strong performance by Standard & Poor's indices, and strength in the global energy information market.
Ford Motor Co. (NYSE: F) said Friday that its second-quarter profit rose 13% as it benefited from a rebound in auto market and higher prices for cars and trucks.
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