Showing results for "Nippon Express"
economics
Economic Statecraft: Biden and Latin AmericaAfter several starts and stops, work on President Joe Biden’s economic plan for Latin America is picking up, with more high-level meetings as the region’s trading partners work to boost opportunities and development as an answer to poverty, migration pressures and Chinese influence.April 1, 2024
markets
Cliffs Weighs Lowball Bid for US Steel With Union BackingCleveland-Cliffs Inc. Chief Executive Officer Lourenco Goncalves said he’d consider another bid — with union support — for United States Steel Corp., albeit at a significantly lower price than the existing offer from Nippon Steel Corp.March 14, 2024
politics
US Steel Plunges for Second Day as Biden Comes Out Against DealUnited States Steel Corp. plunged for a second day after President Joe Biden said the company should retain American ownership, coming out against a takeover by Japan’s Nippon Steel Corp. despite the risk of upsetting a key ally.March 14, 2024
industries
No Labor Agreement, No Deal: Steel Union Draws Line for NipponThe United Steelworkers and Nippon Steel Corp. are staking out bargaining positions for a deal that would potentially smooth the purchase of United States Steel Corp. — a key test of whether the union will ultimately back the deal and clear the way for the Biden administration to approve it.March 13, 2024
markets
US Steel Put Buyers Holding $8 Million Paper Profit After PlungeTraders who snapped up bearish United States Steel Corp. options early on Wednesday stand to make more than 10 times their money after the stock plunged following a report that President Biden plans to express concerns about a proposed takeover by Japan’s Nippon Steel Corp.March 13, 2024
business
American Steel Buyers Welcome Nippon Deal That Scares WashingtonSteel traders, automotive customers and even United States Steel Corp. workers are hailing the iconic American company’s decision to sell to a Japanese rival. That has left the steel industry wondering why politicians in Washington are eager to cast doubt on the $14.1 billion deal.February 3, 2024