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...All three senators are from states where the United Steelworkers union has a large presence....
...Barely 24 hours later, President Joe Biden signalled his opposition to the proposed $14.9bn takeover of US Steel by Nippon Steel of Japan, saying it was vital for America’s third-largest steelmaker to remain...
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...Yellen chairs the Committee on Foreign Investment in the United States (Cfius), an inter-governmental agency that vets deals for whether they may harm national security....
...At the same time it wrote: “Delaware law can be indeterminate because of its use of broad, flexible standards that are applied to individual cases in a highly fact-specific way.”...
...“[Cfius] can and should block the acquisition of US Steel by NSC, a company whose allegiances clearly lie with a foreign state and whose record in the United States is deeply flawed,” the senators wrote....
...A Japanese foray into US dealmaking four decades ago raised the hackles of locals and proved financially disappointing for the incomers. The former is already true of Nippon Steel’s offer....
...In the US, for every job in steel production, there are around 14 jobs in industries that use steel intensively....
...“[Cfius] can and should block the acquisition of US Steel by NSC, a company whose allegiances clearly lie with a foreign state and whose record in the United States is deeply flawed,” wrote JD Vance of Ohio...
...“Energy is a huge opportunity for America and a huge opportunity for Pennsylvania and I think it’s just been mishandled,” said David McCormick, the former Bridgewater boss who is the Republican US Senate...
...A claim filed in a court in Los Angeles on Tuesday said the use of a “special expenses” fund of $950,000 after tax was an agreed part of his contract....
...Whether the acquisition is approved or blocked by US authorities for national security reasons, Nippon Steel’s current dilemma has significant implications for Japan Inc as companies pursue growth outside...
...The vote “could undermine the basis for the . . . request for an award of attorneys’ fees of approximately $5bn in Tesla stock”, the letter to shareholders added....
...Ford was reared on comic books, which impressed him with their narrative concision and dramatic use of detail....
...Brian Reissaus, former head of the Committee on Foreign Investment in the United States, has joined Freshfields as a senior adviser on national security. Smart reads Crime . . ....
...The state has some of the highest gun-ownership rates in the country and last year its legislature considered a bill allowing owners to use “physical force” to “terminate” what the owner “believes to be”...
...It’s no wonder that, in the 2024 version of SVB’s annual scorecard, Rob McMillan’s State of the US Wine Industry Report, by far the most important sales channel for premium wineries was the tasting room,...
...The state-backed group is the second-largest developer by sales in China and is one of the companies that has helped build modern China....
...Scott, a mild-mannered lawmaker from Haley’s home state of who dropped his own bid for the Republican nomination in November, took to a stage in New Hampshire on Friday night and proclaimed his support for...
...In between, it passed through the hands of Ferdinand Marcos, the late dictator of the Philippines, and his wife, Imelda, served as the home of the ill-fated Trump University, and was struck on a foggy night...
...The White House has privately informed the Japanese government of its opposition but the timing is embarrassing for the administration given that Prime Minister Fumio Kishida arrives for a state visit in...
...In an unusual twist, Dave McCall, president of the United Steelworkers union, which opposes the deal, will attend the state dinner....
...Bridges have suffered from a mix of intensifying use, the increasing age of assets constructed during the US’s mid-20th century economic boom, and lack of funding for repairs....
...to the Nippon Steel acquisition of US Steel....
...Its skin of fluted black stainless steel exudes a certain menace that has prompted locals to call it “Sauron” — a reference to the dark tower in the Lord of The Rings trilogy....
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