US Steel spat strengthens case for deal guardrails
A 123-year-old steelmaker’s fate could yet become a restraint on modern-day executive power. United States Steel and suitor Nippon Steel have gone to court over U.S. President Joe Biden’s decision to nix their $15 billion deal.
Nippon Steel says there’s no Plan B to blocked U.S. Steel deal
There is no reason—or need—to give up on this deal,” Eiji Hashimoto, chairman and chief executive officer of the Japanese steelmaker, told reporters.
Japanese steelmaker vows not to give up on buying U.S. Steel
Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S. steelmaker.
Despite Nippon Steel, US and Japan say ties stronger than ever
The foreign ministers of Japan and the United States said their countries' ties were stronger than ever on Tuesday, even after Japan's prime minister called U.S. President Joe Biden's decision to block Nippon Steel's $14.
Workers will be harmed by Nippon Steel rejection
President Joe Biden’s decision to block Nippon Steel’s acquisition of U.S. Steel on national-security grounds will have disastrous consequences for some Pennsylvania steel workers, who will lose their
Ramstad: U.S. Steel should have gone to Nippon. Blocking the deal will harm Minnesota’s Iron Range
President Joe Biden last week capitulated to uneconomic thinking by blocking Nippon Steel’s purchase of U.S. Steel. That decision will ultimately harm Minnesota’s Iron Range. U.S. Steel operates two of the iron ore mines in northeast Minnesota,
U.S. Companies and Investors in Japan Are at Risk From U.S. Steel Backlash
The Biden administration’s blocking of Nippon Steel’s acquisition of U.S. Steel isn’t only misguided. It has also rattled ...
US Steel and Nippon sue Biden administration, Steelworkers union and Cleveland-Cliffs over their blocked merger
US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US ...
Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed acquisition and ...
Yellen says CFIUS made "thorough analysis" of blocked US Steel-Nippon Steel merger
U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel's blocked acquisition of U.S. Steel received a ...
Biden killed US Steel deal even though some US officials rejected national security concerns
President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US ...
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 ...
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their ...
Taiwan navy shows off its steel with simulated attack exercise
Taiwan's navy simulated on Thursday an effort to see off enemy ships as it wrapped up three days of New Year drills, sending ...
US Steel and Nippon Steel sue Biden administration over blocked merger
U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a ...
US rejection of Nippon Steel’s bid for US Steel rankles Washington’s key ally in Asia
President Joe Biden's decision to reject a bid by Nippon Steel to acquire U.S. Steel isn't the first time friction over trade ...