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 Instruments Inc. and Freescale Semiconductor Ltd. (NYSE:FSL) have already dropped … Continue reading Stocks In News: Freescale Semiconductor(NYSE:FSL), Microsoft Corporation (NASDAQ:MSFT), Advanced Micro Devices (NYSE:AMD), STMicroelectronics (NYSE:STM), Toshiba (OTCMKTS:TOSYY)