The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in ...

The Biden administration blocked the purchase of U.S. Steel by Japan's Nippon Steel. Here's what that could mean for the once ...

By David Shepardson, Tim Kelly, Andrea Shalal WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's ...

The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, ...

President Biden said he would block the sale of one of America’s most iconic companies to a Japanese company. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion ...

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 ...

The embattled $14.9 billion bid will likely be scrapped if the President declines to approve Nippon Steel's merger plan, administration officials said.

By David Shepardson, Tim Kelly and Katya Golubkova WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden officially blocked ...

Joe Biden said the deal would create "risk for our national security and our critical supply chains." President-elect Trump ...

US President Joe Biden is poised to officially block Nippon Steel's proposed USD 14.9-billion purchase of US Steel, a person ...

The United Steelworkers union expressed concerns about Nippon Steel's latest proposal that gives the U.S. government veto ...