John Meady

Stocks In News: Freescale Semiconductor(NYSE:FSL), Microsoft Corporation (NASDAQ:MSFT), Advanced Micro Devices (NYSE:AMD), STMicroelectronics (NYSE:STM), Toshiba (OTCMKTS:TOSYY)

Broadcom Corp. (BRCM:US), struggling to make a dent in Qualcomm Inc.’s lead in chips that connect smartphones to mobile networks, said it’s giving up on that business. Broadcom is the latest company to say it won’t try to compete in baseband with Qualcomm, whose chips connect the majority of smartphones to high-speed, Internet-capable networks. Texas…

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Watch List: The Blackstone Group (NYSE:BX), BK, United Technologies Corporation (NYSE:UTX), LinkedIn Corp (NYSE:LNKD), Baidu Inc (ADR) (NASDAQ:BIDU)

Deutsche Bank AG (DBK) agreed to sell the Cosmopolitan of Las Vegas NV hotel & casino to Blackstone Group LP (NYSE:BX) for $1.73 billion in cash, ending a six-year money-losing venture in to casino development. “The bank is committed to reducing its non-core legacy positions in a capital-efficient manner which benefits shareholders,” The Blackstone Group…

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