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U.S. Steel, Japanese Corp. File Lawsuits After Foreign Acquisition Is Blocked

U.S. Steel filed two joint lawsuits with Nippon Steel after President Joe Biden blocked the Japanese company's takeover of the iconic American company. lawsuit target In addition to the Biden administration, which blocked the deal, the United Steelworkers (USW) and Ohio-based Cleveland-Cliffs also claim that U.S. Steel and Nippon Steel illegally coordinated to block the […]

Nippon Steel says it’s suing Biden admin for blocking US Steel acquisition

U.S. Steel and Nippon Steel announced that they will file a joint lawsuit against the U.S. government and other parties in response to President Biden's move to block the agreement. FOX Business' Lydia Hu has more. Nippon Steel and US Steel Biden administration's The move is to block a roughly $15 billion deal in which […]

Greenland PM seeks independence following Trump comments about acquisition

Greenland's Prime Minister Moute Egede recently expressed his intentions for the island's future, saying it was “necessary” to take major steps to gain independence from Denmark. Egede's comments followed President-elect Donald Trump's December 22 post on Truth Social claiming “ownership and control” of Greenland, and focused on the rationale for secession from Denmark. “The upcoming […]

White House Appears To Make Error In Executive Order Blocking Acquisition Of American Company

The White House appeared to err on Friday with its latest executive order blocking Nippon Steel's roughly $15 billion acquisition of U.S. Steel. The order, issued Friday, repeats language from May. presidential order Articles about real estate in China starting with “MineOne Cloud Computing Investment I LP's acquisition of certain Cheyenne-led real estate properties.” According […]

Nvidia closes $700M Run:ai acquisition after regulatory hurdles

Chipmaker Nvidia announced on Monday that it has completed its acquisition of Israeli AI company Run:ai, following antitrust scrutiny over the acquisition. The European Commission rejected Nvidia's $700 million bid for Run:ai, which helps developers optimize their AI infrastructure, after saying in October that the deal required EU antitrust clearance. , granted unconditional approval in […]

Trump says he would block US Steel acquisition by Nippon Steel

President-elect Trump has vowed to block Nippon Steel's acquisition of US Steel. “I am completely opposed to the once great and powerful U.S. Steel being acquired by a foreign company, in this case by Japan's Nippon Steel,” President Trump said in a post on Truth Social on Monday. . He made the same promise during […]

DirecTV calls off acquisition of satellite TV rival Dish

Satellite TV giant DirecTV has terminated its contract with Charlie Ergen's Echostar and acquired rival Dish TV and other assets. The partnership was supposed to create the country's largest pay-TV distribution company with a total of 20 million subscribers. As part of the deal, DirecTV was to pay Echostar $1 for its pay-TV business, called […]