AT&T CEO takes $2M pay cut over T-Mobile deal

(AP) -- AT&T's board cut CEO Randall Stephenson's 2011 pay by $2.08 million because he engineered the failed deal to buy T-Mobile USA, according to a regulatory filing.

NY Times, Washington Post to cull staff

The New York Times and Washington Post, two of the most prestigious titles in American journalism, plan another round of pay cuts, layoffs and buyouts amid a steep decline in advertising revenue.