takeover
Elon Musk in the U.S. Capitol. (AP Photo/J. Scott Applewhite) A federal judge Wednesday denied a request from an independent nonprofit created by Congress to promote peace efforts around the world to stop an aggressive takeover by billionaire Elon Musk’s Department of Government Efficiency (DOGE). U.S. Institute of Peace (USIP) board members, including former U.S. […]
WASHINGTON — The Board of Governors of the U.S. Postal Service is bracing for an attempted takeover by the Trump administration and has retained outside counsel to fight any executive order to that effect, according to two sources with knowledge of the board’s plans. The board’s nine members, who are appointed by the president and […]
Top US government officials have walked back on some of President Donald Trump’s proposals about taking over Gaza and resettling Palestinians permanently to neighbouring countries, after global condemnation and pushback from Middle East states. Trump on Tuesday said the US would “take over” and “own” Gaza after resettling Palestinians elsewhere under an extraordinary redevelopment plan […]
Khan Younis, Gaza Strip, Palestine – Leaning on a wooden cane, 72-year-old Fathi Abu al-Saeed navigates the rubble-strewn streets of Khan Younis’s al-Katiba neighbourhood — a daily ritual since he returned from displacement in the coastal region of al-Mawasi following the January 19 Gaza ceasefire. Carefully stepping over debris left by 15 months of relentless […]
KEY TAKEAWAYS U.S. Steel shares are jumping in premarket trading Monday after the U.S. government extended until June from next month a deadline for Nippon Steel to abandon its planned $14.1 billion acquisition of the American steelmaker. The deadline has been extended to June 18 from next month, the two companies said in a joint […]
WASHINGTON — By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead. In making its nearly $15 billion bid for the storied Pittsburgh-based steelmaker, Nippon Steel had promised to invest . . .
United Steelworkers President David McCall declared Friday that U.S. Steel had the financial resources to go it alone. ”It can easily remain a strong and resilient company,” he told reporters. But U.S. Steel has said it needs the cash from Nippon Steel to keep investing in blast furnaces like the ones in Pennsylvania and Indiana. […]
US president expected to announce decision to block proposed sale of Pittsburgh-based steelmaker as early as Friday. United States President Joe Biden has decided to block the proposed takeover of US Steel by Japan’s Nippon Steel, US media has reported. Biden is expected to announce his decision to scuttle the $14.9bn sale on national security […]
President Biden has decided to block the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement expected as soon as Friday based on grounds that the sale poses a threat to national security, according to people familiar with the matter. The decision would be an extraordinary use of executive power, […]
US President-elect Donald Trump once again caused international controversy through provocative comments about acquiring Greenland, reclaiming the Panama Canal, and jokingly suggesting annexation of Canada. Trump has reignited his earlier, unsuccessful calls to buy Greenland from Denmark, further intensifying tensions with allied nations even before officially taking office on January 20. The Danish government has […]