U.S. Steel And Nippon Sue Biden Over Blocked $14B Deal, Calling It ‘Corrupt and Shameful’
On January 6, 2025, the logo of Nippon Steel, Japan's largest steel manufacturer, is displayed in front of its headquarters in Tokyo. Japanese Prime Minister Shigeru Ishiba on January 6 asked US President Joe Biden to clarify why he blocked a controversial $14.9 billion funding package. Nippon Steel's agreement to acquire US Steel. (Photo courtesy […]
US Steel, Nippon sue Biden over move to block $14B merger
U.S. Steel and Nippon Steel sued the U.S. government on Monday to revive their $14 billion merger after President Biden blocked the deal last week. The CEO of U.S. Steel called. It's a “shameful” capitulation to union leaders. The lawsuit, filed in federal court in Washington, accuses Biden and administration officials of corrupting the deal […]
OpenAI, Microsoft in $14B tussle over equity rights in AI giant: report
Microsoft is reportedly fighting with OpenAI over how much and how much to get parts from the artificial intelligence giant as it prepares to transform from a nonprofit to a for-profit company. It is being Microsoft is seeking a majority stake in OpenAI in exchange for the $14 billion in cash it has previously injected […]
Hurricane Helene caused between $8B and $14B in private insured losses: Moody’s
Congressman Greg Murphy, RN.C. details the devastation caused by Hurricane Helen and the storm's impact on the upcoming presidential election. New damage estimate hurricane helen According to Moody's RMS Event Response, the firm estimates losses in the U.S. private insurance market at between $8 billion and $14 billion. Helen brought devastating flooding and storm surge […]
Amazon Prime Day spending expected to surpass $14B, breaking record
Data analytics firm Adobe said on Monday that shoppers could spend a record $14 billion during Amazon’s two-day online sale this week, known as Prime Day. The shopping frenzy, which begins on Tuesday, is expected to be about 10.5 percent higher than last year and will serve as a key barometer of the crucial back-to-school […]
Byron Allen offers to buy Paramount Global for $14B
Laura Martin, senior media and internet analyst at Needham & Company, discusses Netflix’s wild trading range ahead of earnings on Making Money. Inner mogul Byron Allen The company is making another bid to buy Paramount Global after its bid last year failed to gain traction. Allen Media Group has offered $14.3 billion to acquire Paramount […]
Paramount board mulls sale as Byron Allen submits $14B bid
Paramount has taken the first steps toward a potential sale of the entertainment giant, despite media mogul Byron Allen’s proposed $14 billion takeover bid, the Post reported. The company’s board has established an independent committee outside of Shari Redstone, the media heiress who owns a controlling interest in Paramount, to consider strategic alternatives, including a […]