Top executives at Goldman Sachs (GS) have been considering deep cuts to staffing levels and pay for at least two years, Reuters reported, but feared too many job cuts would leave the firm unprepared if business picked up.
AT&T (T) is considering buying a telecommunications counterpart in Europe, a bet that it can escape constraints on growth in the U.S., people familiar with the company's thinking told The Wall Street Journal.
-- Written by Joseph Woelfel
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