President Biden blocks sale of US Steel to Japanese company In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned and ...

"U.S. Steel will remain a proud American company — one that's American-owned, American-operated, by American union steelworkers — the best in the world," President Biden said in a statement.

The president went against top national-security aides when deciding to tank a Japanese takeover of U.S. Steel and instead align with domestic advisers, bolstering his pro-union legacy.

President Biden announced that his administration will block the proposed $14.9 billion sale of U.S. Steel to Nippon Steel after conducting reviews of the proposed deal.

President Biden blocked the sale of U.S. Steel to Japan’s Nippon Steel, fulfilling his pledge to keep the storied steelmaker domestically owned.

President Joe Biden is set to block Nippon Steel’s $14.9 billion acquisition of U.S. Steel, a major industry move.

US Steel and Japan’s Nippon Steel on Monday sued President Biden after he moved to block their $14 billion merger. AP “Nippon Steel and US Steel are entitled to a fair process and have been ...

President Biden formally blocked the sale of U.S. Steel to a Japanese steelmaker, citing national security concerns. The company said that it may have to cut thousands of union jobs without the sale.

The fight is rooted in years of political history between President Trump and the last two presidents of Brazil.

Nippon Steel Corp. says it has dismissed a lawsuit against former President Joe Biden and the Committee on Foreign Investment in the United States (CFIUS).

HARRISBURG, Pa. (AP) — Nippon Steel and U.S. Steel said Wednesday they have finalized their “historic partnership,” a deal that gives the U.S. government a say in some matters and comes a ...

United States Steel shares are jumping in premarket trading Monday, as the Pittsburgh-based company’s takeover by Japan’s Nippon Steel looks set to close following the deal's approval by President ...