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Sprint and T-Mobile's have abandoned discussions about a potential merger.The companies issued a joint statement Saturday, after a week of speculation, saying they "have ceased talks.""While we couldn't reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. However, we have agreed that it is best to move forward on our own," said Marcelo Claure, Sprint's CEO.T-Mobile CEO John Legere also said there were benefits to consolidating, but added that, "we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile's shareholders."Shares of Sprint and T-Mobile tumbled Monday after rumors emerged that merger talks between the two companies were fizzling.On Monday it looked as if SoftBank, the Japanese conglomerate with a majority stake in Sprint, would end negotiations because of concerns about the ownership structure of the combined business, according to reports from Nikkei and The Wall Street Journal. Claure, the Sprint CEO, is also a member of SoftBank's board .Exactly what issue ultimately severed the talks was not immediately clear Saturday. Neither Sprint nor T-Mobile immediately replied to requests for comment by CNNMoney.This is the second time the mobile carriers have attempted to join forces and failed.Sprint and T-Mobile previously discussed a merger in 2014 but scrapped it because of concerns about regulatory challenges from the Obama administration.Related: Sprint owner says 'door is open' to mergers under TrumpThe companies expected to have a better shot at the merger this year under the Trump administration.SoftBank CEO Masayoshi Son said in May that the Obama administration was "quite tough on business," and added "the door is open" for potential mergers with the new administration.Son met with Trump the month before he took office to talk up an investment in U.S. businesses. The investment ignited speculation about Son and SoftBank trying to revive merger talks.A few weeks later, Legere said he was open to "various forms of consolidation" when asked about a potential merger with Sprint and SoftBank under the Trump administration. 2202

SEOUL, South Korea (AP) — North Korea has blown up an inter-Korean liaison office building just north of the heavily armed border with South Korea. The demolition of the empty building is largely symbolic. 214

Shopping this holiday season is going to be very different for many people due to the pandemic. And the types of gifts are changing, too."There is no question that 2020 has been built around this pandemic. In every way our life has changed from how we work, to how we live, to, of course, how we shop. And this year we have seen the rise in COVID-related gifts," said Michael Parrish DuDell, Chief Strategy Officer for CouponFollow. CouponFollow conducted a Black Friday shopping survey and found 39% of surveyed shoppers say they're going to gift a face covering to their loved ones."About 33-34% expect to be giving some type of hand sanitizer. So, this year, the stockings might be full not so much of candy but of these more COVID-related products," said DuDell.CouponFollow also looked at how much money people will be spending this holiday season, and broke it down by generation. Millennials and Generation Z plan to spend more money, while Baby Boomers plan to spend less.The National Retail Federation found that, overall, people plan to spend ,000, which is less than last year. "Most of that decrease, , is coming from people saying, 'No, I'm going to spend on gifts, I'm going to spend on holiday items, but I might hold off on 'treat myself'-type purchases," said Katherine Cullen, Senior Director for Industry and Consumer Insights at the National Retail Federation.Cullen also said slightly more people than last year, about 60%, will be shopping online this holiday season, as well as using features like curbside pickup. But that still leaves a lot of people shopping in person."What we found is that people were willing to take that risk (of shopping in-person) but that 86-89% of folks say they know it's a little bit risky to shop, but 36% overall, that includes all the generations, about 36% say that they in fact are going to show up and a large portion of that is going to be the Baby Boomer generation," said DuDell.The NRF survey also showed a shift in the types of gifts people will be purchasing this year."You know, gifts of experience have been a real trend the last few years, but with everyone at home you can’t do as many of those experiences so we’re seeing a return to kind of buying physical things," said Cullen.Regardless of what you buy or how you buy it, the NRF is encouraging people to shop early this year, as many mail services and the post office could be inundated with online shopping deliveries. 2460

SOLANA BEACH, Calif. (KGTV) - A woman believed to have caused a crash on northbound Interstate 5 in the Solana Beach area Friday morning ran to the southbound lanes and was struck and killed by an oncoming vehicle. 222

SPRING VALLEY, Calif. (KGTV) - Seventeen homes in Spring Valley were without water Friday night, after a water main break.The homes were mostly along Rothgard Road, according to officials with the Helix Water District.An 8-inch water main broke near Harmony Lane and Cristobal Drive around 3:30 p.m. Crews turned off the water before 4 p.m. to begin repairs.There was a water truck brought out for families impacted by the water shut off.Crews expect to have repairs completed, and the water turned on again by the Saturday morning. 540