AT&T, T-Mobile leapfrog for Leap wireless

Shares of Leap Wireless are surging upon news of a $1.2 billion buyout from AT&T. While it may look like AT&T overpaid, it seems they might want to prevent a bidding war with T-Mobile.

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CNNMoney assistant managing editor Paul LaMonica highlights the latest news from Wall Street and what's moving the markets in his daily investing commentary.