* Genzyme’s chief executive, Henri Termeer, could step down next summer and ease a takeover of the biotechnology business by Sanofi-Aventis of France.
The Lex Column
* Tablet unlikely to solve RIM malaise - The BlackBerry maker needs to convince shareholders it has a clear strategy.
* Rare earths - China has a dominant grip on the market for coveted metallic elements.
* Michelin - Deeply discounted rights issue punctures share price.
* Man Group - The world’s biggest listed hedge fund group faces a tough second half.
* Brazilian asset management - Biggest groups scramble to get in on the game.
* Mail’s money man earns access to higher places - No catastrophe at Lloyd’s - Lehman’s lost lots.
* Germany’s defence of euro has its limits - Leaving eurozone without a safety net would be risky.
* Currencies clash in new age of beggar-my-neighbour - When America and China tussle, bystanders are likely to be trampled.
* Sarkozy sees trouble over the Seine - The deterioration of the president’s image cannot continue without consequences.
* The job of business secretary is to put the future first - His task is not to reward grandees with favours but to encourage a new generation.
The Daily Telegraph
Questor share tip
* Buy Unilever at £18.35 +19p; buy Thomas Cook at 171.7p -11.6.
* Flint has to reunite HSBC’s board as well as fix relations with shareholders.
* AOL merger was 'the biggest mistake in corporate history', believes Time Warner chief Jeff Bewkes.
* Thomas Cook profit warning is latest unpleasant surprise for investors.
* Adam Posen is posing the Bank of England a tricky question.
* Unilever needs to come clean on cost of acquiring Alberto Culver.
* Forget about Ed's redness. The economy is the only game in town.
* The Bank of England is keeping interest rates low to encourage consumer spending – but will this really save the UK economy?
* Buy Centrica at 328p (+0.6); sell Man Group at 214.1p (-5.2p); buy Qinetiq at 109.4p (-2.8p).
* The currency war that no one really wants to talk about.
* Mixed signals from retail, but not for long.
* Damned if they do, and damned if they don't.