President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel — something he had first vowed ...

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

The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the ...

U.S. Steel fell by more than 6% following reports that President Biden would refuse an offer from Nippon Steel to give the U.S. government veto rights on any plans to change production levels at the ...

The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.

US Steel (NYSE:X) shares settled -6.5% while ADRs of Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) ended -0.8% on Friday after President Biden officially blocked the proposed merger of the two steel ...

The decision to block U.S. Steel's acquisition by Nippon Steel is the perfect coda to President Joe Biden's political career. By intervening in the ...

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.

President Joe Biden's decision to block Nippon Steel's takeover of U.S. Steel cheered environmental advocates who said Nippon's deal was bad for the climate.

U.S. Steel has warned that without an infusion of capital from Nippon Steel, it will be forced to curtail its legacy blast furnace investments and shift to cheaper nonunion electric arc furnaces.

The president's rejection of Nippon Steel's offer to buy U.S. Steel ignites another debate about the industry's role in ...

U.S. Steel stock fell 8% ahead of the open Friday on reports President Biden is set to block its takeover by Nippon Steel.