Shapiro said the federal government has the sole authority to approve or block this deal ... a brawny folk hero bending a steel beam, his shirt open to show his U.S. Steel medallion.

The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in doubt.

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 ...

An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker ...

It offered workers $5,000 bonuses, made job guarantees, and agreed to let Cfius block reductions in production capacity at U.S. Steel plants, among other political sweeteners.

Nippon Steel Corp. plans to file a lawsuit against the U.S. government in response to outgoing President Joe Biden’s decision to block its proposed $14 billion (2 trillion yen) takeover of U.S ...

Related Japan's Nippon Steel offers governmental veto power for U.S. Steel production Trump vows to block Nippon Steel from buying U.S. Steel Biden lauds Port of Baltimore reopening ...

Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ...

The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the ...

The decision by the president to block the deal is a victory for American union workers and advocates for domestic industry, who argued that maintaining U.S. Steel as an American-owned company was ...

Use extra caution. && Bethlehem Steel 1896 Courtesy ArtsQuest President Biden has made good on a promise to block the nearly $15 billion takeover of U.S. Steel by Japan's Nippon Steel.

andrew caballero-reynolds/Agence France-Presse/Getty Images President Biden blocked the sale of U.S. Steel to Japan’s Nippon Steel, fulfilling his pledge to keep the storied steelmaker ...