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AT&T to buy T-Mobile for $39b

AT&T Inc. said Sunday it will buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion that would make it the largest cellphone company in the U.S. The deal would reduce the number of wireless carriers…

Etisalat drops $12b bid for Zain

Emirati telecommunications company Etisalat has dropped its $12 billion bid for a large chunk of Kuwaiti rival Zain, ending an effort to significantly expand its reach across the Middle East. Zain shares tumbled nearly 3 percent Sunday as…

Celebrities donate money for Japan

Sandra Bullock and Charlie Sheen are among the celebrities who have announced donations in the aftermath of the Japanese earthquake and tsunami. Actress Sandra Bullock and Disney star Demi Lovato have both pledged $1million of their…