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UNBELIEVABLE: 10 | History Defined

Biden Opposes Nippon Steel Takeover Of US Steel

President Joe Biden said Thursday he is against the proposed sale of US Steel to Japan's Nippon Steel, as election year considerations appeared to outweigh the risk of angering key ally Japan.

International Business Times

Biden Opposes Nippon Steel Takeover Of US Steel: Statement

President Joe Biden said on Thursday he opposed the proposed sale of US Steel to Japan's Nippon Steel, in a move that could annoy Washington's close Asia-Pacific ally Tokyo.

International Business Times

Biden Opposes Sale Of U.S. Steel To Japan

President Biden opposes the sale of U.S. Steel to Nippon Steel, citing concerns over American jobs and national security. The acquisition faces scrutiny am...

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Biden Concerned Over Nippon Steel Deal For U.S. Steel

President Biden expresses concern over Nippon Steel's bid to acquire U.S. Steel, raising national security and industry implications.

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Nippon Steel Exec Seeks USW Support For U.S. Steel Deal

Nippon Steel seeks USW union support for potential partnership with U.S. Steel to enhance competitiveness in the U.S. steel market.

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China's Rise Justifies Sale Of US Steel

The United States needs allies like Japan to help manufacture steel. If Nippon Steel and U.S. Steel can join forces to become more productive in their collective operations and scale a competitive steel industry, it will benefit the national security of both nations.

International Business Times

Trump's Actions Prolong Troubles for Nippon-U.S. Steel Deal

The article discusses how President Trump's actions are causing complications for the Nippon-U.S. Steel deal, impacting Japanese companies.

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Nippon Steel Secures Massive Loan for U.S. Steel Acquisition

Nippon Steel's plan to acquire U.S. Steel is boosted by a potential billion loan from Japan's three major banks, supporting the strategic move.

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Protectionism Ruined U.S. Steel

Another round of federal intervention to prevent its sale makes no sense.

Reason

For the final days of 2023, a look back at the stories and trends in Chicago business

In the year of a receding pandemic, many routines returned to normal, but there still were hot topics galore to cover.

Chicago Sun-Times

White House voices concern over Japanese takeover of U.S. Steel

Discover the concerns surrounding the acquisition of U.S. Steel by a Japanese-owned firm, raising issues of national security and supply chain reliability.

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White House Urges 'Serious Scrutiny' Of US Steel Takeover Deal

A proposed deal that would see US Steel Corp bought by Japan's Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications.

International Business Times

US Steel, Nippon Steel Seek US Security Review Of Takeover Deal

US Steel Corp and its potential buyer Nippon Steel of Japan are requesting a federal review of their proposed deal following congressional criticism that the transaction threatens US national security, US Steel said Thursday.

International Business Times

American consumer confidence hits highest level since July, recession fears fade

Americans' fears of a recession are fading as consumer confidence reaches its highest level since July. Despite rising prices, home sales are on the rise, ...

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Steel Merger Delayed: US Politics Raise Concerns for Nippon Steel

United States politics throw a wrench in Nippon Steel's plan to acquire U.S. Steel, leaving investors anxiously awaiting the outcome. Read more here!

Fortune

Nippon Steel's Harvard-educated president explains his $14 billion deal for U.S. Steel: It's all about China and defending the 'free-competition world'

But U.S. lawmakers aren't quite so convinced that the Japanese company's drive to enter the U.S. steel industry is good for American security.

Reason

What J.D. Vance Could Learn From Reading Hillbilly Elegy

The senator used to know why the U.S. Steel/Nippon deal is nothing to fear.

The Guardian - US

Senator John Fetterman vows to block ‘outrageous’ $14.9bn US Steel sale

Former mayor of Pennsylvania town of Braddock has long advocated for rights of US steel workers

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Nippon Steel's .9B US Steel Acquisition Sinks Shares 5%

In a plot twist as sharp as Samurai steel, Nippon Steel's shares took a 5% plunge following a stratospheric .9 billion acquisition of US Steel.

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U.S. Steel Announces .1 Billion Sale to Japanese Company

News break: Iconic U.S. Steel set to be sold in a .1B deal. Widespread backlash emerges amid worries over economic impacts and job security.

The Independent UK

John Fetterman calls Japanese acquisition of US Steel ‘absolutely outrageous’

Mr Fetterman said he planned to work with other Pennsylvanian lawmakers to fight the deal

Kiplinger

Stock Market Today: Mega-Cap Stocks Help Nasdaq Outperform

A down day for Apple put pressure on the Dow but the 30-stock index still nabbed a new record close.

International Business Times

Union Slams Nippon Steel's $14.1 Bn Deal For US Steel

A major US union representing steelworkers slammed the deal by Japan's Nippon Steel to buy US Steel Corp for $14.1 billion, which was confirmed on Monday just months after US Steel rejected an offer from its main domestic rival.

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Oil Stocks Boost Wall Street, U.S. Steel Skyrockets

Dive into an invigorating Wall Street waltz, fueled by the buoyant rhythm of robust oil stocks and the soaring symphony of U.S. Steel's splendid buyout deal!

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Nippon Steel Acquires U.S. Steel for .1 Billion

Nippon Steel's .1 billion acquisition of U.S. Steel reflects the soaring consolidation in the steel industry amid rising prices.

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