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A dramatic improvement in the prospects for United States Steel (NYSE: X) being sold to a foreign buyer led to a rally in the stock on the last trading day of the year. The storied industrial ...
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 ...
The stock of Pittsburgh-based US Steel dropped more than 7% in morning trading. The 124-year-old company spent much of 2024 lobbying the Biden administration to approve the tie-up, which would ...
U.S. Steel stock dropped more than 5 percent on the news in Friday morning trading, falling to $30.65 a share as of 11 a.m. ... Drivers skid and crash as wintry mix grips central US before moving ...
United States Steel (NYSE: X) announced an agreement to be acquired late last year. Nippon Steel's $14.9 billion offer represented a nearly 40% premium to U.S. Steel's share price at the time. U.S ...
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 ...
U.S. Steel, formed by J. P. Morgan's merger of Carnegie Steel with other steel producers, was once the largest company in the United States. [22] The Pittsburgh-based steelmaker had held the record for the largest initial public offering of any company in history—becoming the first billion-dollar company—and was added to the Dow Jones Industrial Average on its first day of public trading ...
The $14.9 billion sale of iconic steelmaker US Steel to Japan’s Nippon Steel ends months of speculation over industry consolidation in a move criticized by union workers, but seen by one analyst ...