The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach ...
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 ...
Biden issued an order blocking Nippon Steel Corp.'s proposed $14.9 billion purchase of Pittsburgh-based U.S ... which was once part of the abandoned Homestead Steel Works that continues to ...
Report says Nippon Steel is negotiating directly with the White House over the purchase of the Pittsburgh-based company ... reduce production at U.S. Steel mills in Pennsylvania, Indiana and ...
US Steel has claimed it could be forced to shut down the mills represented by the USW ... workers flocked to Pittsburgh and other Rust Belt cities for well-paying factory jobs.
When the Nippon’s $14 billion offer became public in late 2023, regional economist Christopher Briem, of the University of Pittsburgh’s University Center for Social and Urban Research, wrote in an ...