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.
U.S. Ambassador to Japan Rahm Emanuel on Thursday played down concerns over the potential repercussions from President Joe Biden's decision to block the $14.1 billion acquisition of United States Steel Corp.
Let’s have faith that Trump will reject the Biden administration’s politically motivated interference in the deal or get an even bigger, more spectacular one.
While a future United States Navy warship probably won't prominently feature a stamp that says "Made in South Korea"—or perhaps even "Made in Japan"—such notions aren't really all that farfetched. Future warships could be made in foreign ports,
TOKYO -- Nippon Steel's plan to buy U.S. Steel has entered a new phase with the companies' declaration of a full-scale legal war against the U.S. government. They hope the lawsuits will overturn President Joe Biden's order to give up the acquisition.
A United States Steel Corp. worker failed to revive his racial discrimination suit after the Third Circuit affirmed Friday that he couldn’t demonstrate his termination was pretextual.
Countries rearrange trade relationships according to geopolitical alliances as the world awaits a rise in US protectionism.
Gov. Josh Shapiro faces a new challenge after the White House blocked U.S. Steel’s overseas acquisition. Join the lawsuit the company filed alongside its would-be Japanese-owned buyer, Nippon Steel, and make sure Pennsylvania doesn’t lose more jobs to “friggin’ Ohio.
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Logical, but not perfect. The Wall Street Journal pointed out that a Cliffs-U.S. Steel combination "would control 100% of U.S. blast furnace production, 100% of domestic steel used in electric-vehicle motors, and 65% to 90% of other domestic steel used in vehicles."