Latest News

White House urges 'serious scrutiny' of US Steel takeover deal
White House urges 'serious scrutiny' of US Steel takeover deal
Economy
by  AFP

A proposed deal that would see US Steel Corp bought by Japan's Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications. "This is a strongly positive development for American steel, American jobs and America's national security," US Steel added.

US Steel, Nippon Steel seek US security review of takeover deal
US Steel, Nippon Steel seek US security review of takeover deal
Economy
by  AFP

US Steel Corp and its potential buyer Nippon Steel of Japan are requesting a federal review of their proposed deal following congressional criticism that the transaction threatens US national security, US Steel said Thursday. "Japan is an important ally to the United States," US Steel said.