The two firms blasted the decision, calling it a 'clear violation of due process' and a political move, and saying they would ...

The decision to block Nippon Steel could potentially damage relations between the US and Japan, America’s biggest ally in Asia.

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company ...

GARY, Ind. - Nippon Steel Corp. of Japan and U.S. Steel announced plans to pursue legal action after President Joe Biden blocked their nearly $15 billion acquisition agreement. The president followed ...

His decision comes after the Committee on Foreign Investment in the United States didn't reach consensus on the possible ...

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

President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel — something he had first vowed ...

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

U.S. Steel has warned that without an infusion of capital from Nippon Steel, it will be forced to curtail its legacy blast furnace investments and shift to cheaper nonunion electric arc furnaces.

RECAP: Asian stocks rose yesterday, aiming to shrug off a lacklustre start to 2025, while the dollar was steady near a ...

Saying a sale would threaten U.S. security, President Joe Biden blocked a Japanese company’s $15 billion bid to purchase ...