In business news, AT&T has abandoned its attempt to merge with T-Mobile after the $39 billion deal came under intense scrutiny from federal regulators and public interest groups. The deal would have left the country with two cell phone companies, AT&T and Verizon, with almost three-quarters of the market between them.
AT&T Abandons T-Mobile Merger Plans amid Intense Scrutiny
HeadlineDec 20, 2011