AT&T to Buy BellSouth

at&t (T), the stock formally known as SBC, is making a $67 billion bid for BellSouth (BLS). SBC recently closed its acquisition of AT&T and subsequently changed its name to at&t. I wouldn't be surprised if this deal gets shot down the government. But the then again, Baby Bells have been friendly with Washington.

Stocks to watch: Cincinnati Bell (CBB), Qwest (Q), Alltel (AT), Sprint Nextel (S), and Verizon (VZ).