Obama Returns From Holiday to 2nd-Term Challenges

Jan. 6 (Bloomberg) -- President Barack Obama returned to Washington today from his annual family vacation in Hawaii for a week that includes a meeting with Afghan President Hamid Karzai, deliberations about new cabinet members and preparations for his second-term inauguration and a battle with Republicans over raising the U.S. debt limit. (Source: Bloomberg)

Steel Price Rise Not Enough to Meet Thyssenkrupp’s Target
56:29 - Thyssenkrupp AG, Germany’s largest steelmaker, swung to a net loss in the fiscal first quarter as the steel industry tries to weather a drop in prices wrought by record Chinese exports.The net loss was 23 million euros ($26 million) in the three months through December compared with net income of 50 million euros a year earlier, the Essen-based company said Friday in a statement. Thyssenkrupp CFO Guido Kerkhoff told Bloomberg’s Manus Cranny on “Countdown” he doesn’t see “any more windfall losses currently” in steel business.
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