WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential ...

U.S. Steel leaders had warned that without an infusion of capital from Nippon Steel, it would be forced to curtail its legacy ...

Gary Mayor Eddie Melton says Nippon executives from Japan promised a $1 billion investment in the Gary U.S. Steel plant pending the merger. However, union leaders support President Biden's decision to ...

Community leaders in the Mon Valley are expressing concern over the future of local steel manufacturing and the broader ...

The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the ...

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese 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 ...

President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel — something he had first vowed ...

The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the ...

U.S. Steel fell by more than 6% following reports that President Biden would refuse an offer from Nippon Steel to give the U.S. government veto rights on any plans to change production levels at the ...

The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.