Mass timber could revolutionize construction, if only New York would embrace it. We commissioned four projects to show what ...
Did the end of that identity come Friday when President Joe Biden blocked the sale of U.S. Steel to Japan-based Nippon Steel? U.S. Steel is, as its name suggests, synonymous with the country’s ...
noting that U.S. Steel's mini-mill assets could be attractive to peers like steel products company Nucor Group, which considered buying parts of U.S. Steel before dropping out over price concerns.
PHILADELPHIA - President Biden’s move to block the takeover of U.S. Steel by Japan’s Nippon Steel is being met with widely differing views as the steelworkers union applauds the decision while ...
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. From reproductive rights to climate change to Big Tech, The ...
Morgan Stanley analyst Carlos De Alba lowered the firm’s price target on U.S. Steel (X) to $39 from $47 and keeps an Overweight rating on the shares after President Biden blocked Nippon Steel ...
U.S. Steel’s stock plunged more than 7% in the late morning following the announcement. The move by Biden marks a bold use of executive authority in the final days of his presidency.
By Alan Rappeport Reporting from Washington President Biden blocked the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement on Friday based on grounds that the sale ...
President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national ...
U.S. President Joe Biden officially blocked Nippon Steel’s proposed $14.9-billion purchase of U.S. Steel X-N on Friday, citing national security concerns, dealing a potentially fatal blow to the ...
This compares to the stock's 24.2% loss over the past four weeks. U.S. Steel’s stock popped on reports that Nippon Steel has proposed giving the U.S. government veto power over any potential red ...