Biopharmaceutical companies ViroPharma Inc. (Nasdaq: VPHM) and Lev Pharmaceuticals Inc. (OTCBB: LEVP) today announced a definitive merger agreement potentially worth $617.5 million to further joint efforts for the treatment of inflammatory diseases.

CBS is buying CNet Networks, an online news and information provider, for $1.8 billion in cash in its latest bid to expand its reach on the Internet.

The rumor mill is churning strong around Google and two rumored deals.

Article about why Bank of America's purchase of Countrywide will be a great investment. Bank of America will endure some short-term pain because of Countrywide's mortgage portfolio but the long-term benefits of gaining Countrywide's market share, infastructure, network, and distribution are larger.