The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.
United States Steel Corp. CEO David Burritt in an interview with CNBC appealed to President-elect Donald J. Trump to rescue the Pittsburgh-based company's $14.9 billion acquisition by Nippon Steel Corp.
Supporters of the sale of U.S. Steel to Japan’s Nippon Steel are still hopeful that Donald Trump could revive the nearly $15 billion dollar acquisition.
President Joe Biden's move to protect offshore areas is largely symbolic, but the economic factors that may limit oil output gains are very real.
"President-elect Trump has proposed various tariff plans at various times on the import of foreign goods, including a 10% blanket tariff on all imports, a 60% tariff on Chinese goods and 25% tariffs on goods from Mexico and Canada," says Ben Johnston, chief operating officer of Kapitus, a financial services firm that focuses on small business.
U.S. Steel and Nippon Steel said on Monday that it is suing over President Joe Biden's decision to block its sales agreement and a domestic competitor and union over their actions to scuttle the deal.
Biden is set to announce that he'll block the takeover of U.S. Steel by Japan's Nippon Steel, thereby fulfilling one of Trump's pre-election promises.
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New York Judge Juan Merchan on Monday denied President-elect Donald Trump's request to delay this week's sentencing in his criminal hush money case as questions over his immunity remain under appeal.
Growth in the massive U.S. services sector picked-up in December, according to the Institute for Supply Management. Meanwhile, job openings hit a six-month high in November, according to the Labor Department.
President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.