If the deal does not go through, Nippon Steel would have to pay a US$565 million break-up fee. Read more at straitstimes.com.

President Biden Friday followed through on a promise to block the sale of US Steel to Japanese-owned Nippon Steel, citing national security reasons.

"U.S. Steel will remain a proud American company — one that's American-owned, American-operated, by American union ...

The Biden administration suggested that the Supreme Court should reject President-elect Donald Trump’s request to delay a law ...

By David Shepardson, Tim Kelly, Andrea Shalal WASHINGTON/TOKYO (Reuters) -U.S. President Joe Biden blocked Nippon Steel's ...

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

President Biden said he would block the sale of one of America’s most iconic companies to a Japanese company. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion ...

New York Times columnist David Brooks and Washington Post associate editor Jonathan Capehart join Amna Nawaz to discuss the week in politics, including Mike Johnson’s reelection as House speaker ...

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

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.