The decision to block Nippon Steel could potentially damage relations between the US and Japan, America’s biggest ally in Asia.

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 ...

President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel. This affirms his earlier vow to block the acquisition. (AP Video ...

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, ...

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.

President Joe Biden's decision to block Nippon Steel's takeover of U.S. Steel cheered environmental advocates who said Nippon's deal was bad for the climate.