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U.S. Steel Reports Loss in 4Q

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  • Description

    FBN's Diane Macedo breaks down U.S. Steel earnings.

  • Duration 2:04
  • Date

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Hi everyone I'm Diana -- we have results in now from US steel the company is reporting a loss.

Of 35 cents a share more narrow than the estimates for a loss of 75 cents -- came in at four point 49 billion dollars though and that.

Wasn't beat the estimate there was for four point 35 billion.

Checking the markets now Asian stocks closed mostly higher Japan's Nikkei got a boost from a rally in bank stocks.

Can't say the same for Hong Kong though Goldman Sachs cut its stake in Industrial & Commercial Bank of China and that's sent.

Markets -- slightly to the downside turning to Europe.

A closely watched survey forecast German consumer confidence will rebound next month topping estimates.

Markets near for currently -- fairly flat with London out there more than five point Paris though is down almost eleven Frankfurt's down about 21.

Here in the US the Fed did two day policy meeting will kick off today ahead of that futures are also to the downside we have Dow futures down almost thirty points now -- -- -- -- down.

About five and the nasdaq's Downey.

Bausch and mom's private equity owner reportedly could be eyeing an IPO.

The -- -- journal reports Warburg Pincus is considering an initial public offering after potential buyers for Bausch and lomb didn't want to pay an asking price.

Of at least ten billion dollars sources say five companies including Johnson & Johnson Abbott Laboratories.

And -- senate be.

Expressed interest but without a deal the journal says there's a high likelihood Warburg Pincus which took Bosch and long private in 2007 will launch an IPO.

This spring or bomb.

A federal judge is expected to rule today on whether to approve the plead deal BP reached with the Justice Department.

Following the 2010 oil spill in the Gulf of Mexico.

Under the terms the deal.

Of that deal BP it would plead guilty to manslaughter and other charges and they record four billion dollars in criminal penalties for the company's role in this bill.

Eleven workers died when the macondo well blew out and it caused the worst offshore oil spill.

In US history BP agreed in November to plead guilty to charges involving those deaths and for lying to congress Imus in the morning continues after this.

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