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US Steel Corporation workers rally outside the company's headquarters in Pittsburgh, Pennsylvania, supporting the takeover by Japan's Nippon Steel, on September 4, 2024. United States Steel warned ...
President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into ...
U.S. President Joe Biden has decided to officially block Nippon Steel's proposed purchase of U.S. Steel, Washington Post reported on Thursday, citing two administration officials who were not ...
President Joe Biden has decided to block the sale of United States Steel Corp. to Japan’s Nippon Steel Corp., according to three people with knowledge of the matter, ending a $14.1 billion deal ...
Update: President Biden announced Friday morning he is blocking the U.S. Steel-Nippon Steel deal "to ensure that, now and long into the future, America has a strong domestically owned and operated ...
President Joe Biden’s decision Friday to block the sale of U.S. Steel to a Japanese rival has ignited an imminent legal challenge, alarmed foreign investors and cast a shadow over the careers of ...
By Alan Rappeport Reporting from Washington President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday based on grounds that the sale ...
Nippon Steel and U.S. Steel condemn the decision as a violation of due process and threaten legal action. The $14.9 billion deal's rejection could strain U.S.-Japan relations as Biden prioritizes ...
The clock is ticking on government approval for the U.S. Steel-Nippon Steel merger, and whether short-term political buffoonery will win out over inexorable economic logic. My money is on buffoonery.
Puskar, File President Joe Biden has consistently opposed the proposed acquisition of Pennsylvania-based U.S. Steel by the Japanese competitor Nippon Steel but hasn’t yet formally blocked its ...
Jan. 1 (UPI) --Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U.S. Steel if the federal government approves a proposed ...