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AT&T to Buy Alltel Operations for About $780M

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    FBN’s Diane Macedo breaks down the stories moving the markets.

  • Duration 0:58
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Hi everyone I'm -- -- they -- with -- Fox Business brief Allen Stanford's former CFO James Davis has been sentenced.

The five years in federal prison for his role -- one of the biggest Ponzi schemes.

In US history -- -- the sentence in -- Houston federal court today after he pled guilty back in 2009.

The three fraud and conspiracy charges.

AT&T and buying Atlantic Tele Network US retail wireless operations.

For roughly 780 million dollars in an effort to boost its subscriber base.

The deal includes licenses network access retail stores and about 500 picked up 585000.

Right.

And this network of closing the doors on 300 more Blockbuster store that roughly 3000 employees.

Also losing their jobs this has been using -- to -- -- satellite services and plans to launch a mobile broadband service by 2015.

And that's the latest from the Fox Business Network giving you the --