Nippon Steel CEO doubles down on pledge to acquire U.S. Steel after suing Biden administration
Read more at CNBC
Topics
-
U.S. Steel CEO calls for Trump to take fresh look at Nippon deal, slams Biden decision as corrupt
Trump opposes U.S. Steel's sale to Nippon, but CEO David Burritt believes he can convince the president-elect that the deal is in the interest of U.S. workers.CNBC - 12h -
U.S. Steel, Nippon Sue Biden Administration Over Merger Block Decision
The steel makers want a federal court to junk the President’s call to scrap the $14.9 billion merger, saying the national security concerns cited are groundless.Inc. - 1d -
Breaking down the Nippon and U.S. Steel lawsuit against Biden administration
U.S. Steel is suing the Biden administration over the president's decision to block the company's $15 billion acquisition by Japan's Nippon Steel. International investment expert Sarah Bauerle ...CBS News - 1d -
U.S. Steel, Nippon Steel sue Biden administration over blocked deal
U.S. Steel and Nippon Steel have filed lawsuits against the Biden admin. after the president blocked their $15 billion acquisition deal. CBS MoneyWatch correspondent Kelly O'Grady has more.CBS News - 1d -
U.S. Steel, Nippon Steel sue Biden administration for blocking deal
The steel companies allege White House decision to block takeover was political and violated their right to due process.CBS News - 1d -
Nippon Steel and US Steel sue Biden administration over blocked merger
U.S. Steel and Japanese steelmaker Nippon Steel sued the U.S. government Monday in a last-ditch effort to move forward with their merger, which President Biden blocked Friday over national security ...The Hill - 1d -
Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.The Wall Street Journal - 4d -
U.S. Steel stock tumbles to almost half of what Nippon Steel offered after Biden rejection
Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday.MarketWatch - 4d -
Biden rejects U.S. Steel-Nippon Steel deal
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.CBS News - 4d
More from CNBC
-
Meta scraps fact-checking, brings back political content in latest Trump-friendly move
Meta announces intent to "restore free expression" on its platformsCNBC - 9h -
OpenAI CEO Sam Altman denies sexual abuse allegations made by his sister in lawsuit
In a lawsuit filed in Missouri, Sam Altman's sister has accused the OpenAI CEO of years of sexual abuse. Altman denied the claims.CNBC - 5h -
Aviation industry faces a slew of challenges insiders say will take years to resolve
The aviation industry is bracing for another year of difficulties, as delivery delays at Boeing and supply chain problems are set to continue in 2025.CNBC - 21m -
Honda reveals two new '0 Series' EVs to be produced in Ohio
The vehicles are the Honda 0 Saloon, which is an updated version of a concept car revealed last year at CES, and the Honda 0 SUV.CNBC - 11h -
Delta links its loyalty program to Uber, ending partnership with Lyft
Starting this spring, Delta SkyMiles members will be able to earn loyalty points for Uber rides.CNBC - 4h
More in Business
-
Aviation industry faces a slew of challenges insiders say will take years to resolve
The aviation industry is bracing for another year of difficulties, as delivery delays at Boeing and supply chain problems are set to continue in 2025.CNBC - 21m -
China’s currency hits 16-month low on Trump tariff fears
Renminbi under pressure from stronger dollar and concerns about incoming US president’s trade plansFinancial Times - 29m -
Uniqlo owner hands Japan workers double-digit pay rise
Financial Times - 58m -
Wall Street casts doubt on Citi chief Fraser’s bid to hit crucial target
Bank has lagged well behind rivals on important measure of profitabilityFinancial Times - 2h -
Chinese airlines rush into Europe as western carriers retreat
Ability to keep flying over Russia helps three big state-owned carriers undercut European rivalsFinancial Times - 2h