Sunday, 19 January 2025

Focus on United Steelworkers

Nippon Steel has urged US President Joe Biden to allow its takeover of US Steel to go through after a regulatory panel failed to reach a consensus (AFP)
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US panel could not reach consensus on US-Japan steel deal: Nippon

The deadlock means the controversial $14.9 billion transaction will now be referred to President Joe Biden, who is legally required to act within...

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo/File Photo/File Photo
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Explainer: What next for Nippon Steel and US Steel’s $15 billion mega-merger?

U.S. Steel's $15B Japanese takeover hangs in the balance as Biden weighs national security risks amid political pushback.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
BusinessEconomyGreen SteelIndustryInfrastructureManufacturingNewsPoliticsRegulations

Nippon Steel committed to U.S. Steel takeover, aims to close in Dec, says executive

Nippon Steel remains committed to its $15B U.S. Steel acquisition, confident of closing by year-end despite U.S. opposition.

FILE PHOTO: United Steelworkers (USW) union members picket outside Exxon Mobil's oil refinery amid a contract dispute in Beaumont, Texas, U.S., May 1, 2021. REUTERS/Erwin Seba/File Photo
BusinessCourtsEconomyLabourNewsOilPoliticsRegulations

US labor board judge rules Exxon’s Texas refinery union lockout was legal

Exxon Mobil's 10-month lockout of 600 union workers at its Beaumont refinery was ruled legal by an NLRB judge, sparking appeals.

FILE PHOTO: Nippon Steel logo is displayed at the company's headquarters in Tokyo, Japan April 1, 2024.  REUTERS/Issei Kato/File Photo
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Nippon Steel not to import from overseas mills in bid to save U.S. Steel deal

Nippon is looking to close its $14.9 billion deal for U.S. Steel by the end of the year before President-elect Trump enters the...

FILE PHOTO: A United Steelworkers flag is seen in this file photo. REUTERS/Rebecca Cook/File Photp
BusinessGreen SteelIndustryInfrastructureLabourManufacturingOil

US Steelworkers union looks to clean energy to replace job losses at oil refineries

USW aims to grow membership with 17,000 new jobs from clean energy projects despite potential Trump challenges.

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