Biden blocks Japan's Nippon Steel from buying US Steel
US President Joe Biden has formally blocked the takeover of US Steel by a bigger Japanese company, saying foreign ownership could pose risks for national security. The controversial decision comes a year after Nippon Steel first announced the $14.9bn (£12bn) deal, describing it as a lifeline for its smaller Pennsylvania-based rival.
President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon Steel following a yearlong ...
Automakers' lobbying groups indicated support for the acquisition under the belief it would've increased supply and offered ...
In a joint statement with U.S. Steel, the Japanese company accused Biden of breaking the law to serve his own political agenda just a few weeks before leaving the White House. Biden said he was ...
President Joe Biden officially announced on Friday he has blocked Nippon Steel's $14.1 billion purchase of U.S. Steel, ...
The United Steelworkers union expressed concerns about Nippon Steel's latest proposal that gives the U.S. government veto ...
In their most recent act of desperation, U.S. Steel and Nippon are now requiring supervisors to circulate a petition to workers whi ...
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