The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership ...
It’s hard to think of a more iconically American company than US Steel. It’s right there in the name. But it’s more than that. The company emerged from Andrew Carnegie’s Pittsburgh-area steel mills, ...
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based ...
A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.
President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company ...
President Joe Biden on Friday blocked Japanese steel giant Nippon's $14 billion acquisition of U.S. Steel. The companies have vowed to challenge the decision and continue pursuing the deal.
US statute makes it clear that American presidents are granted the power to kill a deal they deem a threat to national security.
US Steel’s shares never hit the $55 that Nippon Steel offered to acquire the company in December 2023, in a cross-border tie-up that raised hackles of politicians and steelworkers alike. This week ...
Software companies are touting something called the “Rule of 40,” but some are more flash than substance.
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