Sens. Hawley, Rubio, Vance Demand Joe Biden Block Japanese Corp. from Buying U.S. Steel
Sen. Josh Hawley (R-Missouri), Sen. Marco Rubio (R-Fla.), and Sen. J.D. Vance (R-Ohio) are calling on President Joe Biden to approve Nippon Steel’s United States They are demanding that the acquisition of Steel Corporation be blocked. As Breitbart News reported in December, executives at U.S. Steel and Nippon Steel announced a nearly $15 billion deal […]
Japanese Corp Says DOJ Requested a Delay on Purchase of U.S. Steel, Insists It Has Nothing to Do with 2024 Election
TOKYO (AP) – Nippon Steel said Friday it will delay the completion of its planned $14.1 billion acquisition of U.S. Steel by three months after the U.S. Department of Justice requested additional documentation related to the deal. Tokyo-based Nippon Steel said the deal has already been approved by U.S. Steel shareholders and is expected to […]
Nippon Steel postpones US Steel acquisition closing
Nippon Steel Said On Friday, the company postponed the closing date for its $14.9 billion acquisition of U.S. Steel after the Department of Justice (DOJ) requested additional information and documents related to the deal. Japan announced that it has revised the expected completion date of the transaction from the second or third quarter of calendar […]
KENNETH RAPOZA: Why Nippon Steel Might Fail To Convince Washington To Greenlight U.S. Steel Acquisition
Japan’s Nippon Steel has inched closer to buying Pittsburgh-based U.S. Steel now that the U.S. company’s shareholders have approved of the Dec. 18 acquisition offer. Only Washington stands in the way. On April 1, Sen. Sherrod Brown (D-Ohio) became the first to send a letter to President Joe Biden about Nippon. He asked him to review a report by a business intelligence firm […]
US steel, Nippon deal | Fox Business
FOX Business Correspondent Lydia Hu gave an update on the deal, which she believes will make the steel industry “stronger and more competitive,” on “The Bottom Line.” U.S. Steel shareholders have approved a controversial $14.1 billion acquisition by Japanese-owned Nippon Steel. U.S. Steel said more than 98% of its shares voted to approve the merger […]
US Steel shareholders approve Nippon buyout despite political opposition
U.S. Steel shareholders on Friday approved a $14.9 billion acquisition by Japan’s Nippon Steel, despite opposition from the Biden administration, steelworkers and members of Congress. “#USSteel is pleased to report that, based on preliminary vote counts, 98% of our stockholders voted to approve our proposed merger with Nippon Steel,” US Steel announced. post Go to […]
Japanese Corp. Trying to Buy U.S. Steel Tied to China
Several senators from the country’s Rust Belt are sounding the alarm over ties between the Chinese Communist Party (CCP) and Nippon Steel, a Japanese conglomerate that is considering acquiring US Steel Corporation. Last December, executives at U.S. Steel and Nippon Steel announced a nearly $15 billion deal to sell the iconic American steel giants to […]
First section of mangled steel removed from collapsed Baltimore Key Bridge
Engineers began carefully removing the first chunks of twisted steel from the collapsed section of Baltimore’s Francis Scott Key Bridge late Saturday with the help of several large cranes. A huge cargo ship crashed into one of the bridge’s main supports on the nearly 50-year-old Patapsco River in Maryland on Tuesday, killing six construction workers […]
Richard Serra, US artist known for enormous steel sculptures, dead at 85
Richard Serra, the American artist whose giant steel sculptures covered in a beautiful rusted patina adorned the landscape and dominated the vast galleries of some of the world’s finest museums, died on Tuesday, The New York Times reported. reported. He was 85 years old. The artist died of pneumonia at his home in Long Island, […]
MAZZELLA: Blocking The US Steel Deal On ‘National Security Grounds’ Undermines National Security
In today’s highly partisan environment at home and abroad, the temptation to abandon good judgment and fidelity to constitutional norms is especially acute. John Adams famously said that the Founding Fathers created “a government of laws, not of men.” But as governments gain more and more power over nearly every aspect of our lives and […]