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Sprint Nextel Reports Loss in 4Q

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  • Description

    FBN's Diane Macedo breaks down Sprint Nextel earnings.

  • Duration 1:48
  • Date

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And we -- earnings now are rebels like results -- -- say from Sprint Nextel the mobile phone companies reporting a loss of 44 cents a share us.

All of better than the expected loss of 46 cents revenue was -- be coming in at nine billion dollars the estimate there -- eight point 92 billion dollars.

And American Airlines and US Airways are reportedly hashing out the final details of a possible merger that would create the world's largest airline.

According to the Wall Street Journal both sides are racing to wrap up the all stock deal within the next week -- -- the journal says American air has resisted a deal at various points.

As it works to come out of bankruptcy protection but they still -- A few things to work out here including how to split ownership of the airline and -- -- -- board seats and management racks ranks.

Under the current proposal Americans creditors would own roughly 72% of the new airline.

And US Airways shareholders would own about 28%.

Big deal also calls for US Airways CEO Doug Parker to run the combined airline.

While Tom Horton CEO of American air's parent company AMR.

Could become a non executive board chairman for a limited time though his exact position is still in flux.

Alcatel Lucent CEO meanwhile is stepping down after -- -- for your bid to return the company to profitability.

Denver -- departure comes after the telecommunications equipment maker posted a more than one point eight billion dollar loss for last year.

-- weigh in says he will stay on the job while Patel searches for his replacement.

The announcement of his departure comes at a turbulent time for the company.

As it struggles to keep up in the global tech race against its competitors despite repeated rounds of cost and layoffs and restructuring.

-- sick a look at commodities now oil and gold still mixing of oil up thirty cents gold is down about two dollars and forty.

Imus in the morning continues right now on Fox Business.

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