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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

Special counsel Robert Mueller's team said Friday that former Trump campaign chairman Paul Manafort lied on five major issues after agreeing to cooperate with prosecutors, including his "contact with administration officials."In a heavily-redacted document released Friday, Mueller's team also said Manafort lied about his interactions with Konstantin Kilimnik, his Russian associate who Mueller has said has ties to the Russian military intelligence unit accused of hacking the Democrats, and how they may have worked together to tampered with witnesses following Manafort's arrest last year.The investigators say they have evidence about electronic communications related to Kilimnik and travel records. Much of the details the prosecutors released to the court Friday were redacted in the public version of the document.The special counsel believes Manafort also lied about a wire transfer made to a firm he had hired and "information pertinent to another Department of Justice investigation."The special counsel's office last week accused Manafort of lying during his interviews, saying that his actions during his cooperation were criminal and breached his plea agreement.The filing is the first time prosecutors have summarized why and how they believe Manafort breached his plea agreement. Previously, the prosecutors simply told a federal judge Manafort "committed federal crimes by lying" to the FBI and special counsel's office during his cooperation interviews "on a variety of subject matters."Manafort says he has been truthful over several meetings with the special counsel's office. His lawyers indicated last week that they may challenge the assertion that he lied. 1689

Senate Republicans have reportedly drafted a new version of a potential coronavirus stimulus package — but it's unlikely that the bill will be considered for at least a few weeks.CNN and The New York Times reports that Republican Senators are discussing a stimulus package that would include extended federal unemployment benefits, cash for schools and even billion in funding for the post office.ABC News reports that the bill's total cost would be about 0 billion.In terms of unemployment benefits, Republicans' proposed legislation would reportedly offer 0 a week — about half of the 0 benefits the federal government paid out between March and July.Democrats have said they would like the 0 weekly benefits to be extended through the end of the year and expanded to self-employed workers and gig workers.When the 0 CARES Act unemployment benefits expired in July, President Donald Trump signed an executive order to resume benefits at 0 a week, with the requirement that states pay a portion of those benefits. The order will likely remain in legal limbo for some time.The New York Times reports that the Republicans' new stimulus package includes billion in funding to USPS ahead of the 2020 election. With COVID-19 still spreading throughout the country, election officials are expecting a huge increase in voting by mail. Trump, a staunch opponent of universal voting by mail, has previously said he hoped to slow funding to USPS in order to prevent expanding mail-in voting in November.On Tuesday, Postmaster General Louis DeJoy said that the USPS would not institute operational changes that workers said would slow mail delivery until after the election.According to CNN, Republicans are also proposing about 0 billion in funding to schools and another round of funding to the Paycheck Protection Program — a federal program that provides COVID-19 funding to small businesses.Earlier this month, Senate Majority Leader Mitch McConnell dismissed lawmakers for their annual summer break. He has not indicated if he would call the Senate back into session prior to early September when it's scheduled to reconvene. 2158

SPRING VALLEY, Calif. (KGTV) - A construction worker was hit by a car and killed Wednesday morning on state Route 94 in Spring Valley.The crash was reported shortly after 12:10 a.m. on eastbound SR-94 near Avocado Boulevard, according to the California Highway Patrol.ABC 10News learned the victim was a worker for Granite Construction, and he was working alongside other construction workers when he was struck.Cones had been set down on the roadway, allowing traffic to pass on the left while work was being conducted on the right side. However, some workers told ABC 10News a car traveling on the wrong side of the cones struck their co-worker.Witnesses said the victim was dragged about 40 feet before the car, a 2018 Mitsubishi Mirage, stopped.The 41-year-old victim was pronounced dead at the scene. The car's 24-year-old female driver remained at the scene for CHP questioning.The crash remains under investigation. The CHP said, "At this time, alcohol and or drugs are not believed to have played a factor in this collision."No other injuries were reported. 1073

Sen. Rand Paul will return to the Senate on Monday after being seriously injured at his home in an alleged attack by his neighbor earlier this month."Kelley and I want to thank everyone once again for your thoughts and prayers for my recovery," he tweeted Monday morning. "While I'm still in a good deal of pain, I will be returning to work in the Senate today, ready to fight for liberty and help move forward with tax cuts in the coming days and weeks."The Kentucky Republican suffered six broken ribs after the November 3 incident with Rene Boucher, his neighbor of 17 years. Boucher pleaded not guilty Thursday to misdemeanor fourth degree assault charges. While initial reports suggested the two men were disputing over lawn issues, the senator tweeted articles last week questioning those explanations.And his senior adviser Doug Stafford said the two men hadn't talked in years prior to the attack. "This was not a 'fight,' it was a blindside, violent attack by a disturbed person," Stafford said in a statement. "Anyone claiming otherwise is simply uninformed or seeking media attention."The Senate is expected to hold two votes Monday evening related to administration nominations. Paul is also considered a critical vote on the tax reform bill, which will be marked up in the Senate finance committee this week.  1338