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 ...

U.S. Steel fell by more than 6% following reports that President Biden would refuse an offer from Nippon Steel to give the U.S. government veto rights on any plans to change production levels at the ...

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

The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership ...

The decision to block U.S. Steel's acquisition by Nippon Steel is the perfect coda to President Joe Biden's political career. By intervening in the ...

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