"As I have said many times, steel production—and the steelworkers who produce it—are the backbone of our nation. A strong ...

President Biden cited national security concerns and the need for domestic steel production, sparking criticism from both ...

President Joe Biden officially announced on Friday he has blocked Nippon Steel's $14.1 billion purchase of U.S. Steel, ...

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

Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U ...

President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his ...

Nippon Steel proposed giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity” in a last-ditch bid for President Joe Biden’s approval to acquire the ...

President Joe Biden's decision to block Nippon Steel's $14.9 billion acquisition of U.S. Steel had been telegraphed ...

The clock is ticking on government approval for the U.S. Steel-Nippon Steel merger, and whether short-term political buffoonery will win out over inexorable economic logic. My money is on buffoonery.

WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden is poised to officially block Nippon Steel's proposed $14.9-billion purchase of U.S. Steel, a person familiar with the matter said on Friday ...

WASHINGTON — President Joe Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement Friday based on grounds that the sale posed a threat to national security.

PITTSBURGH — U.S. Steel plans to fund a training center with a multi-million-dollar grant after the close of its transaction with Nippon Steel. The training center will be used to support ...