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The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it ...

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

Japan’s biggest business lobby, Keidanren, said in September that America’s investability would be tarnished if Nippon Steel’s $15 billion bid was blocked. Prime Minister Shigeru Ishiba of ...

President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his ...

American investment could become less welcome, undermining Japan’s progress on corporate reforms.

President Joe Biden has made good on his months of public opposition to the proposed purchase of American company U.S. Steel by Japan’s Nippon ... because of the work that he's done, because ...

U.S. President Joe Biden on Friday announced he has blocked the controversial $14.9 billion sale of U.S. Steel to Japan's Nippon Steel, citing a strategic need to protect domestic industry.

Later Friday, U.S. Steel CEO David Burritt released a statement ripping Biden, calling the president's decision "shameful and corrupt." "He insulted Japan, a vital economic and national security ...

"We have been in touch with Japan and conveyed our thoughts directly to them," she added. US Steel's shares slumped 6.5 percent on Friday. Japan's industry minister Yoji Muto said: "It is ...

Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ...