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In December, U.S. Steel said it expected fourth-quarter adjusted earnings of roughly $150 million, undershooting Wall Street forecasts of nearly $262 million. The company reported third-quarter ...
Biden issued an order blocking Japanese-based Nippon Steel's proposed $14.9-billion purchase of Pittsburgh-based U.S. Steel, citing his presidential authority under the Defense Production Act of 1950.
President Joe Biden on Friday blocked US Steel’s $14 billion sale to Japanese giant Nippon Steel on national security concerns, creating new uncertainty for an iconic American steelmaker.
WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden is poised to officially block Nippon Steel's proposed $14.9-billion purchase of U.S. Steel, a person familiar with the matter said on Friday ...
(The Center Square) – President Joe Biden blocked a $14.9 billion buyout of Pittsburgh-based U.S. Steel on Friday. The move, albeit not surprising after a year of negotiations that left the ...
Japan's Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal that has faced ...
Japan's Nippon Steel said on Thursday it has extended the closing period for its $15 billion purchase of U.S. Steel, expressing confidence that the acquisition will protect and grow the American ...
Shares of US Steel dropped as much as 21.8% to a two-month low of $30.55 following the Bloomberg report, and triggered multiple trading halts for share price volatility and closed down 10% at $35.26.