President Joe Biden said he wants U.S. Steel to remain domestically owned, signaling opposition to the company's $14.9 billion acquisition by Japanese rival Nippon Steel.Federal regulators and the president have the ability to block foreign acquisition of U.S. companies, though that power is rarely used.Biden has often aligned himself with labor unions, who have also opposed the acquisition. The chances of America’s second-largest steel company being bought by a Japanese conglomerate took a hit Thursday aft ...

The White House has come out against Nippon Steel's planned $15 billion acquisition of United States Steel (X -1.40%), and investors are worried about what that means for the deal. Shares of the target are down 15% for the week as of midday Thursday, according to data provided by S&P Global Market Intelligence,The problem with big deals in election yearsU.S. Steel, owner of some of the nation's largest steelmaking facilities, was put in play last year after receiving an unsolicited offer from Cleveland-Clif ...

ToplinePresident Joe Biden will speak out Thursday against the proposed $14 billion acquisition of United States Steel by Tokyo-based Nippon Steel, multiple outlets reported, a deal that is currently under federal scrutiny after raising national security concerns from the White House.The $14.9 billion all-cash proposed deal was announced in December, quickly drawing criticism from ... [+] legislators—and Biden is now speaking out against selling the “iconic” company.Copyright 2019 The Associated Press. All ...

United States Steel (NYSE:X) stock plunged on Wednesday on reports that President Joe Biden plans to voice concerns over Japan-based Nippon Steel’s (OTCMKTS:NPSCY) proposed purchase of the steelmaker. Indeed, X stock closed in the red by almost 13% today, one of its largest single-day losses in years. It appears that the Biden Administration is attempting to appease the American steel union as it pursues better agreement terms from Nippon. Nippon has proposed to purchase U.S. Steel for $55 per share. Biden ...

United States Steel Corporation (X) announced a strategic investment in Freespace Robotics, a company based in Pittsburgh that specializes in robotic storage and retrieval systems. This investment is designed to support Freespace's efforts in talent acquisition, retention and the attraction of new professionals to the region.U.S. Steel stressed that the investment in Freespace Robotics reflects its commitment to fostering innovation while boosting the regional economy and its workforce. With Freespace's amb ...

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced a strategic investment in Pittsburgh-based Freespace Robotics, a pioneering manufacturer of robotic storage and retrieval systems that are in demand by warehouses worldwide. This investment will help Freespace hire and retain local talent as well as recruit others into the region. " Investing in Freespace Robotics is another way we’re promoting innovation while supporting the regional economy and its work ...

In the latest market close, United States Steel (X) reached $47.57, with a +0.78% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 1.03%. Elsewhere, the Dow gained 0.34%, while the tech-heavy Nasdaq added 1.51%.Shares of the steel maker have appreciated by 2.45% over the course of the past month, underperforming the Basic Materials sector's gain of 3.78% and the S&P 500's gain of 3.21%.Investors will be eagerly watching for the performance of United States ...

It wasn’t too long ago that Great Britain could claim no British-owned automakers of note. Was this a signal of the disappearance of auto manufacturing in the country that gave us Aston Martin, Jaguar, and Rolls-Royce? Quite the opposite. Amid a decline of direct-British ownership came a surge in auto production within Great Britain.It’s just a reminder that neither bankruptcy nor buyouts signal the vanishing of businesses as much as they signal the happy, pro-employee and pro-business scenario of physical ...

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) (“U. S. Steel”) today announced that it has been named “ one of the 2024 World’s Most Ethical Companies®” by Ethisphere, the global leader in defining the standards of ethical business practices. This marks the third consecutive year that U. S. Steel has received this widely sought-after recognition, a testament to the company’s differentiated ethics and compliance programs and its ongoing dedication to its Best for All® strategy. U. S. ...

In the latest market close, United States Steel (X) reached $47.40, with a +0.13% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.8%. Meanwhile, the Dow experienced a rise of 0.23%, and the technology-dominated Nasdaq saw an increase of 1.14%.The steel maker's stock has climbed by 1.52% in the past month, exceeding the Basic Materials sector's gain of 1.26% and lagging the S&P 500's gain of 5.2%.Investors will be eagerly watching for the performance o ...