President Joe Biden rejected the deal between U.S. Steel and Japan's Nippon Steel. The $14 billion acquisition was opposed by both President Biden and President ...

Biden cites national security as a chief reason for his decision, but the steelmakers say the ruling is politically motivated ...

US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal ...

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

GARY, Ind. - Nippon Steel Corp. of Japan and U.S. Steel announced plans to pursue legal action after President Joe Biden blocked their nearly $15 billion acquisition agreement. The president followed ...

U.S. Steel employs thousands of workers on Minnesota's Iron Range at Minntac in Mountain Iron and Keetac in Keewatin.

Biden blocks Nippon Steel’s investment bid in an act of American economic masochism.

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

Following President Joe Biden's blocking of the sale of United States Steel Corp. to Nippon Steel Corp., several mayors and ...

Biden said in an order that he believes there is credible evidence that through the proposed acquisition of the United States Steel Corporation, Nippon Steel Corporation might take action that could ...

Automakers' lobbying groups indicated support for the acquisition under the belief it would've increased supply and offered ...

A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.