President Biden blocked Nippon Steel's acquisition of U.S. Steel despite advisors' concerns about national security and legal repercussions.

Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, having stepped in to nix a $15 billion deal between U.S. Steel and Japan’s Nippon Steel.

This is a developing story. Check back for updates. Cleveland Cliffs is partnering with rival Nucor in a potential bid for U.S. Steel, whose takeover by Japan's Nippon Steel was just blocked by the White House earlier this month,

President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.

(The Center Square) – Gov. Josh Shapiro faces a new challenge after the White House blocked U.S. Steel’s overseas acquisition. Join the lawsuit the company filed alongside its would-be ...

Joe Biden’s decision to block Nippon Steel’s acquisiton of U.S. Steel may have gone against the advice of top aides.

Nippon Steel Corp. and United States Steel Corp. jointly filed lawsuits in a last-ditch effort to preserve the planned merger of the companies, which was blocked last week by President Joe Biden.

U.S. Steel and Nippon Steel alleged in their lawsuit on Monday that the CFIUS review was prejudiced by Biden's longstanding opposition to the deal, denying them the right to a fair review. They asked a federal appeals court to overturn Biden's decision to allow them a fresh review to secure another shot at closing the merger.

U.S. Steel's headquarters would remain in Pittsburgh under the deal. The potential bid comes after the White House blocked U.S. Steel's sale to Japan's Nippon Steel. Cleveland-Cliffs would ...

The deal-focused orientation of President-elect Trump can serve as both the carrot and the stick in a new diplomatic paradigm.

Foreign investment in the U.S. economy is expected to continue, despite the failed bid by Japan’s Nippon to buy U.S. Steel, because the U.S. offers the most economic opportunities.

The U.S. steelmaker said a federal interagency panel had granted an extension to June 18 for the requirement in President Biden’s executive order that the parties permanently abandon the transaction.