Most sheet pans on the market are made from either aluminum or aluminized steel (basically, carbon steel treated with an aluminum-silicon alloy, a.k.a. mixture). If this sounds nitty-gritty ...

U.S. Steel and Nippon Steel filed lawsuits on Monday over President Joe Biden's decision to stop the Japanese company's proposed nearly $15 billion takeover of its Pittsburgh-based rival.

President Joe Biden bowed to growing protectionist pressures in the United States and formally blocked a Japanese company’s proposed purchase of U.S. Steel, winning praise from the president’s ...

U.S. Steel had also said it hoped Biden would approve the transaction. Nippon Steel first announced in December 2023 that it planned to purchase U.S. Steel for roughly $15 billion.

President Biden blocked the sale of U.S. Steel X0.86%increase; green up pointing triangle to Japan’s Nippon Steel 5401 0.06%increase; green up pointing triangle, fulfilling his pledge to keep ...

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel, capping off a yearlong business saga that drifted into ...

Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday. U.S. Steel shares X fell 6% ...

Update: President Biden announced Friday morning he is blocking the U.S. Steel-Nippon Steel deal "to ensure that, now and long into the future, America has a strong domestically owned and operated ...

WASHINGTON/TOKYO -- U.S. President Joe Biden on Friday blocked Nippon Steel's $14.9 billion bid for U.S. Steel, marking the first time that a president has issued an order to halt a Japanese ...

Justin Merriman / Bloomberg via Getty Images President Joe Biden on Friday blocked the proposed $14 billion acquisition of U.S. Steel by Japan's Nippon Steel. The companies in a joint statement ...

Nippon Steel’s $14 billion takeover bid for the steelmaker appears doomed, with President Biden expected to reject it. Litigation and diplomatic turmoil could follow. By Andrew Ross Sorkin Ravi ...