The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.

President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel on Friday — something he had first vowed to do in March. His decision comes after the Committee on Foreign Investment in the United States, known as CFIUS ...

Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S. steelmaker.

There are two separate lawsuits, including one against rival Cleveland-Cliffs and the president of United Steelworkers.

United States Steel’s earnings and margins decline in 2024. Learn why X stock is slightly overvalued at $30, with a fair value of $25 per share.

Nippon Steel Corp. and United States Steel Corp. jointly filed a pair ... President Biden's decision to block the acquisition of U.S. Steel leaves the future of the Gary Works plant 30 miles ...

Japan-based Nippon Steel's $14.9 billion deal for its U.S. peer hangs in the balance, following objections from the Treasury Department's Committee on Foreign Investment in the United States (CFIUS).

By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead.

By the mid-1980s, the U.S. steel industry produced just about 11% of steel used globally as economic growth in developed countries slowed. By then, the United States was importing more than 25% of ...

So far, TikTok's parent company ByteDance has refused to sell to American investors, which would allow them to continue operating under the law. Now, its fate rests with the U.S. Supreme Court and its decision, which is expected to arrive quickly.

While a future United States Navy warship probably won't prominently feature a stamp that says "Made in South Korea"—or perhaps even "Made in Japan"—such notions aren't really all that farfetched. Future warships could be made in foreign ports,