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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. [20] 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 ...
President Biden is preparing to announce that he will formally block Nippon Steel’s proposed $14.9 billion acquisition of U.S., sources tell NBC News.
U.S. Steel caught in middle of dispute over sale to Japanese company. 01:59. WEST MIFFLIN, Pa. — It’s one the few things Vice President Kamala Harris and former President Donald Trump agree on ...
The $14.9 billion sale of iconic steelmaker US Steel (X) to Japan’s Nippon Steel ends months of speculation over industry consolidation in a move criticized by union workers, but seen by one ...
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