AT&T explained why it's shelling out $39 billion for T-Mobile to create America's biggest wireless carrier in a conference call this morning (WSJ.com has more) while Sprint is "left scrambling" and JPMorgan trumps Goldman Sachs with deal.

Japan food brands face consumer fears of contamination as Tepco nuclear plant situation continues. Sony and Nissan are also resuming operations, while YouTube promotes a video people-finder to aid search and rescue efforts. Swiss Re estimates Japan claims at $1.2 billion.

Berkshire Hathaway seeks more big acquisitions — but not technology. 

Boeing launches newest 747 on its maiden flight.

Diageo is reportedly weighing a $2 billion bid for Jose Cuervo.Continue reading...

A&E has dropped The Kennedys miniseries, starring Greg Kinnear as JFK and Katie Holmes as Jackie O — bowing to pressure from Caroline Kennedy and Maria Shriver that it was historically inaccurate, according to The Hollywood Reporter, which broke the news.

"We recognize historical fiction is an important medium for storytelling, and commend all the hard work and passion that has gone into the making of the series, but ultimately deem this as the right programming decision for our network," A&E said in a statement. The eight-part miniseries may still air internationally.