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Telecom giant AT&T has given up their contentious 39-billion dollar bid to purchase rival T-Mobile USA. However, industry watchers seem to feel that AT&T was the last to know the deal would fail. The US Department of Justice sued to block the merger, which would have made AT&T the largest mobile phone company in America.

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North Korea’s “Supreme Leader”, Kim Jong Il , has died. The Korean Central News Agency initially said Kim died of, quote, “great mental and physical strain” – although they later indicated that it was a heart attack. Power is being transferred to his son, Kim Jong Un, who is, like his father, a mysterious figure who’s exact age is even unknown.

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Reputed Montreal mob boss and alleged, one time head of the infamous Bonanno crime family in New York has been gunned down. Salvatore Montagna – also known as Sal the Ironworker – was found dead on Thursday just outside of Montreal. Montagna had supposedly returned to Montreal to fill a void in the city’s mafia left by a series of killings and arrests. Police believe the shooting was a professional hit.

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