The self-inflicted wound on the American steel business is now official. In one of his final significant acts as president, ...

The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the ...

President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based ...

Biden’s decision comes after the Committee on Foreign Investment in the United States, known as CFIUS, failed to reach a ...

President Joe Biden has blocked the $14.1 billion sale of United States Steel Corp. to Nippon Steel Corp., killing a ...

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The proposal by Japan’s Nippon Steel company to buy the venerable 124-year-old steel company based in Pittsburgh had been on ...

The president's decision came after the Japanese corporation had offered to acquire the company for $14.9 billion.

President Joe Biden has halted the USD 15 billion acquisition of US Steel by Japan’s Nippon Steel. This decision follows a ...

Biden said in an order that he believes there is credible evidence that through the proposed acquisition of the United States Steel Corporation, Nippon Steel Corporation might take action that could ...

The intersection of politics and national security likely played a role in President Biden’s decision to reject the proposed ...