By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American ...

Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s ...

The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in ...

The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, ...

President Biden said he would block the sale of one of America’s most iconic companies to a Japanese firm. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion.

The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of ...

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

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

Joe Biden said the deal would create "risk for our national security and our critical supply chains." President-elect Trump also opposed the takeover.

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

The stainless steel the Gillette-brand razor maker uses is highly specialised to prevent nicks and cuts and is only produced ...