Oxford, MS 9/12/2011 (PennyPayDay) – Semiconductor company Broadcom agreed to buy chipmaker NetLogic Microsystems for $3.7 billion, or $50 a share.NetLogic shares were surging 19.1% to $37.99 in premarket trading Monday.
Healthcare and consumer products giant Johnson & Johnson did not succeed in obtaining U.S. clearance for more widespread usage of its arthritis drug Simponi.
Shares were down 0.5% to $63.30.
McGraw-Hill said Monday it would separate into two companies: McGraw-Hill Markets, which would focus on capital and commodities markets and include ratings agency Standard & Poor's; and McGraw-Hill Education, which will have a focus on education services.
Carol Bartz resigned her seat on the Yahoo! board Friday, according to a published media report.
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