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		U.S. Steel Reports $27 Million Loss By CHARLES SHEEHAN AP Business Writer PITTSBURGH (AP) -- U.S. Steel Corp. reported a net loss for the fourth quarter following a year in which the company pared down its workforce and shed a money-losing online venture. But its sales jumped with the acquisitions of steel firms in the United States and Europe, and its stock price rose 4 percent. The world's largest integrated steel company on Friday reported a loss of $27 million, or 26 cents per share, in the last three months of 2003 compared with a profit of $11 million, or 10 cents per share, for the same period in 2002. The loss includes dividend payments on preferred stock of $5 million. The consensus forecast of analysts surveyed by Thomson First Call was for a loss of 37 cents per share. U.S. Steel shares rose $1.34 to close at $34.05 on the New York Stock Exchange. Steel experts said they were surprised that the company was able to integrate as rapidly as it did following a year of acquisitions and extensive job cuts. Revenues increased to nearly $2.7 billion on the quarter from about $1.9 billion a year earlier with the acquisition of Ohio's National Steel in May and Sartid in Serbia in September. Back to Original Article: Mortgage News You Can Use   Continue with: Growth Rate of Economy Slows /But gains in GDP fuel optimism Help Wanted for the Economy Growth Again, but Slower Refinancers Used Extra Money Wisely, Report Says
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