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Joe Biden delays order to end Nippon Steel bid for US Steel
Suspension of executive order until 18 June gives courts time to review steelmakers’ legal challenge. The Biden administration has delayed until June an order for Nippon Steel to abandon its ...The Guardian - Jan. 12 -
Biden administration delays enforcing order blocking Nippon Steel-U.S. Steel deal
The Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel abandon its $14.9 billion bid for U.S.NBC News - Jan. 12 -
New Orleans attack would’ve had ‘completely different outcome’ if steel barriers were used, inventor says
Peter Whitford says Archer barriers, which the city had stored away, have record of stopping vehicle rammings. The deadly New Year’s Day truck attack in New Orleans “would have had a completely ...The Guardian - Jan. 11 -
Investing in Stocks and Bonds Will Be Trickier Under Trump
Sizzling returns may well continue, but our columnist suggests that it would be wise to prepare for the next storm.The New York Times - Jan. 10 -
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U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders
The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.The New York Times - Jan. 9 -
McConnell: Biden selling out to Big Labor by blocking US Steel deal
Sen. Mitch McConnell (R-Ky.) argued President Biden is selling out to Big Labor by blocking the sale of U.S. Steel to Japanese-owned Nippon Steel. “The Biden administration will leave America’s ...The Hill - Jan. 9 -
Nippon Steel bets on Trump to salvage $15bn US deal
Japanese company and target US Steel have also sued the Biden administration and rival Cleveland-CliffsFinancial Times - Jan. 8 -
Dozens of lawmakers beat stock market in 2024: Report
The stock portfolios of more than two dozen lawmakers once again outperformed the market as bans on congressional stock trading stalled, according to a new report from the trading trackers at ...The Hill - Jan. 7 -
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 - Jan. 7 -
U.S. Steel CEO appeals to Trump after Biden blocks deal with Japanese firm
President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.NBC News - Jan. 7 -
Is the US stock market in bubble territory?
Valuations might be frothy but don’t seem nuttyFinancial Times - Jan. 7 -
Japanese steelmaker vows not to give up on buying U.S. Steel
Japan’s largest steelmaker said that it would not give up trying to purchase U.S. Steel even after President Joe Biden blocked the $15 billion bid last week.NBC News - Jan. 7 -
Nippon Steel chief warns Trump that tariffs alone will not strengthen US industry
Eiji Hashimoto says legal action against blocking of takeover aimed at winning another review under new administrationFinancial Times - Jan. 7 -
Nippon Steel CEO doubles down on pledge to acquire U.S. Steel after suing Biden administration
Japan's Nippon Steel emphasized that it is not giving up on its takeover of U.S. Steel, a day after suing the Joe Biden administration over blocking the proposed merger.CNBC - Jan. 7 -
Indian investors rush into highly valued defence stocks
Asset managers have launched specialist funds as push for domestic armaments sends share prices soaringFinancial Times - Jan. 7 -
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 - Jan. 6 -
U.S. Steel, Nippon Steel Challenge Biden's Move to Kill $14.1 Billion Deal
The companies accuse the president, head of steelworkers union and Cleveland-Cliffs CEO of teaming up to block the transaction.The Wall Street Journal - Jan. 6 -
U.S. Steel sues Biden admin, union boss after president blocks acquisition deal
U.S. Steel and the Japanese firm that had sought to acquire it are suing the Biden administration after the president announced he was blocking a proposed deal for the iconic American manufacturer.NBC News - Jan. 6 -
U.S. Steel and Nippon Sue Biden Over Blocked Merger
The companies argue in a lawsuit that the process of reviewing the transaction was corrupted by politics.The New York Times - Jan. 6 -
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 - Jan. 6 -
Nippon Steel and US Steel sue after Biden blocks $15bn deal
Donald Trump calls for American steel group to remain independent companyFinancial Times - Jan. 6 -
Lawsuit alleges Biden blocked US Steel-Nippon Steel merger for political reasons
The Biden administration blocked the deal over alleged national security concerns.ABC News - Jan. 6 -
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. - Jan. 6 -
U.S. Steel, Nippon file lawsuits over Biden's block of merger
U.S. Steel and Nippon Steel filed lawsuits Monday over President Joe Biden's blockage of the Japanese company's proposed takeover of its Pittsburgh-based rival for nearly $15 billion. CBS News ...CBS News - Jan. 6 -
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 - Jan. 6 -
Biden's decision to block the US Steel sale would have made Harry Truman proud
Biden’s decision serves as a reminder, as the new president comes to power, of just how much a president can do under the broad and often vague umbrella of national security.The Hill - Jan. 6 -
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 - Jan. 6 -
U.S. Steel and Nippon Steel file multiple lawsuits after Biden blocks planned merger
Steel companies are suing the government and a rival over their botched deal.MarketWatch - Jan. 6 -
ArcelorMittal's South Africa Business to Wind Down Long-Steel Production
Around 3,500 jobs will be affected after weak economic conditions, high costs and Chinese steel imports weighed on the company.The Wall Street Journal - Jan. 6
