Reuters4d
US Steelworkers' union criticizes Nippon Steel's proposal for lack of long-term commitment
Jan 2 (Reuters) - The United Steelworkers union expressed concerns about Nippon Steel's (5401.T), opens new tab latest proposal that gives the U.S. government veto power over any potential ...
Wall Street Journal2d
U.S. Steel and the Corruption of Cfius
After Donald Trump came out against the deal, Mr. Biden pledged to kill it to curry favor with the United Steelworkers. The economics of the deal make overwhelming sense for both U.S. Steel and ...
Yahoo Finance3d
Steelworkers Union Says Nippon Steel’s ‘Hail Mary’ Offer Lacks Commitment
(Bloomberg) -- The United Steelworkers union said Nippon Steel Corp.’s latest offer to win presidential approval of its proposed acquisition of US Steel Corp. is a long-shot attempt that fails ...
CNN3d
Biden blocks Japan’s Nippon from taking over US Steel
US Steel has claimed it could be forced to shut down the mills represented by the USW if it doesn’t get the $2.7 billion in investment planned by Nippon Steel as part of its proposed purchase.
The Globe and Mail4d
Steelworkers union criticizes Nippon Steel’s proposal for lack of long-term commitment
The United Steelworkers union expressed concerns about Nippon Steel’s latest proposal that gives the U.S. government veto power over any potential reductions in U.S. Steel’s production ...
Crain's Cleveland Business3d
Steelworkers union says Nippon Steel’s ‘Hail Mary’ offer lacks commitment
The United Steelworkers union said Nippon Steel Corp.’s latest offer to win presidential approval of its proposed acquisition of U.S. Steel Corp. is a long-shot attempt that fails to commit to ...
TribLIVE.com3d
Escalating promises from Nippon not enough for United Steelworkers, Sen. Fetterman says in U.S. Steel deal
The United Steelworkers say they’re unmoved by Nippon Steel’s latest efforts to win their support for the Japanese company’s $15 billion bid to buy U.S. Steel. A source familiar with Nippon ...
WTAE-TV2d
President Biden blocks acquisition of US Steel by Japan's Nippon Steel
AND IT IS A FULFILLMENT OF THAT RESPONSIBILITY TO BLOCK FOREIGN OWNERSHIP OF THIS VITAL AMERICAN COMPANY, UNITED STEELWORKERS INTERNATIONAL PRESIDENT DAVID MCCALL, BACKING HIM UP. ALLOWING NIPPON ...
Politico2d
‘A very bad signal’: What Biden’s U.S. Steel deal block means for foreign investment
In recent months, workers at those facilities have openly supported the deal, despite the strong opposition of USW President Dave McCall to the transaction. William Chou, a specialist in U.S ...
ABC News3d
Biden blocks US Steel takeover by Japan-based Nippon
President Joe Biden speaks on proposing tariffs on Chinese steel at the United Steelworkers Headquarters in Pittsburgh, April 17, 2024. Kyle Mazza/Anadolu via Getty Images, FILE In response to the ...
WTAE-TV2d
Rise of US Steel paralleled the arrival of the United States on the world stage
AND IT IS A FULFILLMENT OF THAT RESPONSIBILITY TO BLOCK FOREIGN OWNERSHIP OF THIS VITAL AMERICAN COMPANY, UNITED STEELWORKERS INTERNATIONAL PRESIDENT DAVID MCCALL, BACKING HIM UP. ALLOWING NIPPON ...
The Business Journals3d
Local union head: Biden's decision to block U.S Steel sale 'not political'
Leaders of the United Steelworkers union strongly opposed the deal since it was announced in December 2023, saying it would hurt the American steel industry and lead to job cuts. Nippon Steel and ...