The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership ...

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 ...

The self-inflicted wound on the American steel business is now official. In one of his final significant acts as president, ...

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

President Joe Biden said Friday he is blocking the nearly $15 billion sale of Pittsburgh-based U.S. Steel to the Japanese-owned Nippon Steel, ending ...

WASHINGTON/TOKYO -- U.S. President Joe Biden on Friday blocked Nippon Steel's $14.9 billion bid for U.S. Steel, marking the first time that a president has issued an order to halt a Japanese company's ...

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.

President Joe Biden, citing national security concerns, on Friday blocked Nippon’s acquisition of U.S. Steel, an important ...