President Biden reportedly set to block sale of Pittsburgh's U.S. Steel to Japan-based Nippon Steel
WASHINGTON (KDKA) - President Joe Biden is reportedly preparing to block the sale of U.S. Steel to Nippon Steel . As of Wednesday morning, a U.S. National Security Panel is reviewing the proposed $15 billion deal and the panel has to refer its decision on the merger to President Biden by December 22 or 23.
US Steel-Nippon and Supermarket Mergers Both Get Blocked
Biden—born in US Steel’s home state of Pennsylvania—has long signaled opposition to the sale, and has said the company would remain domestically owned. A federal judge on Tuesday also blew up another huge deal—while granting a parting gift to Federal Trade Commission Chair Lina Khan in the process.
India defines green steel
(Reuters) - A U.S. government panel is set to submit its recommendations this month on whether a Japanese takeover of U.S.
UBS downgraded a few steel companies on Thursday, with Steel Dynamics (NASDAQ:STLD) and Nucor (NYSE:NUE) downgraded to ...
India is weighing imposition of a "safeguard duty", or a temporary tax, on steel, the steel minister, H.D. Kumaraswamy, said ...
Face-to-face talks between Nippon Steel and the United Steelworkers union failed to close the gap over the Japanese company’s ...
SSAB AB (SSAAF) faces significant volatility and negative growth, with EPS expected to drop through 2025. See why I maintain ...
(Reuters) - U.S. President Joe Biden plans to formally block Nippon Steel's proposed takeover of U.S. Steel on national ...
Nippon Steel is offering nearly $100 million in closing bonuses, including of $5,000 to union employees. The United ...
A better idea would be for the federal government to use price supports for steel, like it does for farmers. When the price ...
Nippon Steel Corp. clarified its spending plans at US mills owned by United States Steel Corp. as part of last-ditch efforts ...
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