President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel.

President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel — something he had first vowed ...

President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based ...

The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the ...

The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.

The self-inflicted wound on the American steel business is now official. In one of his final significant acts as president, ...

President Joe Biden's decision to block Nippon Steel's takeover of U.S. Steel cheered environmental advocates who said Nippon's deal was bad for the climate.

U.S. Steel has warned that without an infusion of capital from Nippon Steel, it will be forced to curtail its legacy blast furnace investments and shift to cheaper nonunion electric arc furnaces.

Automakers' lobbying groups indicated support for the acquisition under the belief it would've increased supply and offered ...

Stocks were solidly higher in mid-afternoon trading Friday, led by a rally in shares of large-cap technology companies, as ...

President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U ...

A major deal in the steel industry hit a major roadblock Friday after President Joe Biden blocked Japanese-based company ...