Goldman Sachs's Kostin on Markets, Earnings Outlook

Feb. 21 (Bloomberg) -- David Kostin, chief U.S. equity strategist at Goldman Sachs Group, talks about corporate earnings, investment strategy and the potential impact of automatic federal budget cuts on the U.S. economy. Kostin speaks with Erik Schatzker and Sara Eisen on Bloomberg Television's "Market Makers." (Source: Bloomberg)

Statoil Comfortable With Financial Situation, Says Saetre
22:39 - Statoil ASA, Norway’s biggest oil producer, reported its first adjusted loss following the plunge in crude prices that has roiled the industry for nearly two years. The company also deepened spending cuts. Adjusted earnings after tax, which excludes financial and other items, dropped to a loss of $28 million from a $929 million profit a year earlier, the Stavanger-based company said Wednesday. That missed the $294 million average estimate in a Bloomberg poll of 16 analysts. Statoil CEO Eldar Saetre tells Bloomberg's Anna Edwards and Manus Cranny on "Countdown" he's very comfortable with financial situation adding the oil price impact in line with expectations.
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