Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
Japanese company cannot buy US Steel: Biden rejects Nippon‘s $15 billion deal
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition.
Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the contentious plan after a year of review.
Biden blocks Nippon Steel's deal to acquire US Steel
President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA's most storied steel company.
Biden blocks US Steel takeover by Japan-based Nippon
President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national security. "Without domestic steel production and domestic steel workers, our nation is less strong and less secure," Biden said in a statement.
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel
The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of "political corruption."
Republicans outraged at Biden's block of US Steel sale to Nippon; Gov. Shapiro opts not to comment
President Biden stood next to Gov. Gavin Newsom and pledged full federal support as fires burned through Los Angeles County. President-elect Donald Trump took to social media and blamed 'Newscum.' Mexico’s president has signaled to Donald Trump that she can play the regional renaming game,
U.S. Steel CEO appeals to Trump after Biden blocks deal with Japanese firm
President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.
Future of a Steel Titan in Limbo After Biden Blocks Sale to Japanese Firm
Mr. Biden says he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat to national security.
Why Japan Won’t Stop Trying to Invest in the U.S.
Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s ...
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Biden's rejection of U.S. Steel-Nippon Steel deal may spell demise of steelmaking in Mon Valley, officials say
And while Nippon promised to keep the headquarters in Downtown Pittsburgh and not shut down ... including government officials from Japan and allies and partners in the U.S., to take all ...
Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based ...
Editorial: Nippon Steel deserves an unbiased federal review of U.S. Steel deal
"In a free market, politics should not get involved when determining the merits of a business transaction, particularly when ...
WWE’s ‘Monday Night Raw’ Netflix Debut Draws 4.9 Million Views
During the first “Raw” on Netflix, Roman Reigns defeated his cousin Solo Sikoa in a Tribal Combat match for the sacred ula ...
Judge approves settlement in suit that Tesla's board overpaid themselves
A judge has approved the settlement that finally wraps up a case brought against Tesla by the Police and Fire Retirement ...
Obituaries PGe PG Store Archives Classifieds
Gov. Josh Shapiro faces a new challenge after the White House blocked U.S. Steel’s overseas acquisition. Join the lawsuit the ...
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World Economic Forum urges corporate action to eradicate forced labor
The World Economic Forum (WEF) on Thursday urgently called on companies worldwide to intensify efforts to prevent forced labour, a pervasive issue that continues to effect approximately 27.6 million ...