Guardian parent company in talks over potential sale of Observer | The Observer
The Guardian's parent company has announced that it is in formal negotiations with Tortoise Media over the potential sale of The Observer, the world's oldest Sunday newspaper. The Guardian Media Group (GMG) told Stuff it was in talks with the Observer after receiving enough proposals to be worth considering in more detail. The company said […]
Dispute between father-son Boston Celtics owners over team’s massive payroll sparked sale: sources
The Boston Celtics' ballooning payroll has caused a rift within the family that owns the team, leading the elderly patriarch to ask his spendthrift son to sell the iconic franchise, The Washington Post has learned. Sources told The Post that Irving Grusbeck, a 90-year-old Massachusetts-born entrepreneur who owns about 20 percent of the team, was […]
Big Lots files for bankruptcy, will close some stores amid sale to investment firm
See what's clicking on FoxBusiness.com. Nearly three months after it cited “significant doubts about the company's ability to continue operations” in a filing with the U.S. Securities and Exchange Commission, Big Lots said Monday it had secured $707.5 million to support operations and sell the business to private equity firm Nexus Capital. The announcement comes […]
Sean ‘Diddy’ Combs puts Holmby Hills mansion up for sale for $61M
Sean “Diddy” Combs has put his Holmby Hills mansion on the market for $61.5 million, according to property records. Combs, 54, purchased the massive estate in Los Angeles' billionaire's district in 2014 for $39 million. A source told Fox News Digital that the sale of the 10-bedroom, 13-bathroom mansion “has nothing to do with the […]
U.S. Steel Shares Fall as Biden Prepares to Block Sale to Nippon Steel
U.S. Steel shares fell after reports that President Joe Biden plans to block Nippon Steel's takeover of U.S. Steel. U.S. Steel shares were reported to have ended the day down 17.5%. According to of The Washington Post. Three people familiar with the matter spoke He told the outlet “on the condition of anonymity” that Biden […]
US Steel warns jobs could be lost if sale falls through
U.S. Steel warned Wednesday that it may cut jobs and move its headquarters out of Pittsburgh if a planned sale to Japanese steelmaker Nippon Steel Corp. falls through. Nippon Steel announced in December that it would buy U.S. Steel, sparking outrage from lawmakers of all political parties who said the deal could undermine national security […]
Biden to block sale of US Steel to Japanese company Nippon: report
The Biden-Harris administration reportedly plans to block the planned sale of U.S. Steel to Japanese conglomerate Nippon Steel for $14.9 billion. The reported move came despite U.S. Steel CEO David Barritt warning that the company would likely close steel mills and move its headquarters out of Pittsburgh if the federal government intervened to block the […]
US Steel CEO warns failed sale to Nippon Steel would lead to steel mill closures
FOX Business' Jeff Flock reports from Doylestown, Pennsylvania with more from Cavuto: Coast to Coast. The CEO of U.S. Steel has warned that the company would be forced to close steel mills if a pending $14 billion investment goes ahead. Acquisition by Nippon Steel It falls. U.S. Steel CEO David Barritt said: of The Wall […]
US Steel will cut jobs, close plants, move HQ from Pittsburgh if Nippon sale fails, CEO warns
U.S. Steel warned Wednesday that thousands of union jobs would be at risk if its merger with Nippon Steel Corp. fails, and suggested it could close several steel mills and move its headquarters out of the politically sensitive state of Pennsylvania. The announcement comes as Nippon Steel's plans to buy a U.S. steelmaker face growing […]
Harris expected to voice opposition to US Steel sale at Pennsylvania rally
Vice President Harris is expected to voice her opposition to the U.S. Steel divestment at a joint rally with President Biden in Pennsylvania on Monday. According to her campaignHarris is expected to say U.S. Steel should remain domestically owned and operated and to emphasize her commitment to always support American steelworkers. The comments are in […]