U.S. Steel posts muted quarterly results amid Nippon deal snag
U.S. Steel reported fourth-quarter loss and revenue that matched Wall Street estimates on Thursday, dented by price declines and a bumpy demand environment.
Activist Investor Seeks to Oust U.S. Steel Chief Over Nippon Deal
The two steel makers are seeking to revive Nippon Steel’s $14 billion takeover of U.S. Steel after it was blocked by the Biden administration.
U.S. Steel and an activist investor are sparring over Nippon sale
U.S. Steel yesterday disavowed a push from activist investor Ancora Holdings to drop its proposed sale to Japan's Nippon Steel Co. Why it matters: The future of the Pittsburgh icon is in limbo after a proposal to sell the company to Nippon was blocked by then-President Biden four weeks ago,
Activist investor Ancora calls for new leadership at U.S. Steel
Activist investor Ancora called for a shakeup in U.S. Steel leadership on Monday and adding new members to the board of directors after the company's failed sale to Nippon Steel.
Asset Manager Challenges Nippon Steel's Takeover of US Steel
An asset manager, Ancora, is challenging Nippon Steel's proposed takeover of U.S. Steel, calling for new leadership at the steelmaker after acquiring a small stake in the company. U.S. Steel is one of the major producers of steel in the U.
Shareholder to push U.S. Steel to drop merger with Nippon Steel, oust CEO
Activist U.S. Steel investor Ancora Holdings is pushing U.S. Steel to drop its merger agreement with Nippon Steel.
U.S. Steel rebuffs activist fund's bid to hamper Nippon Steel deal
United States Steel Corp. on Monday rebuffed activist investor Ancora Holdings' proposal for a board shakeup aimed at thwarting Nippon Steel Corp.'s plan to buy out the U.S. steelmaker. The announcement came after The Wall Street Journal reported that Ancora,
U.S. Steel Earnings Top the Street. Its Fate Is Still Unknown.
U.S. Steel’s fourth-quarter number and guidance aren’t all that impressive. It doesn’t matter. U.S. Steel has become a hot ...
RealClearMarkets1d
A Case For and Against Nippon's U.S. Steel Acquisition
President Biden’s decision to block the purchase of U.S. Steel by Japan’s Nippon Steel constitutes a legally questionable use ...
U.S. Steel Tempers Profit Outlook on Steel-Market Doldrums
U.S. Steel is fighting in court to save its sale to Tokyo-based Nippon Steel, while dealing with an activist investor aiming to replace its CEO. And on Thursday, it forecast profits continuing to ...
US Steel now all about striking while iron is hot
The long United States Steel saga has suddenly become a matter of urgency. Boss David Burritt is fighting to salvage a $15 ...
U.S. Steel reports Q4 adjusted EPS (13c), consensus (26c)
Reports Q4 revenue $3.51B, consensus $3.24B. Commenting on the Company’s fourth quarter performance, U. S. Steel President and Chief Executive ...
New player arrives in U.S. Steel-Nippon takeover saga with the goal of quashing it
An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker ...
Crain's Cleveland Business3d
Activist Ancora's pick for U.S. Steel CEO eyes major stake if given job
Kestenbaum, currently the CEO of private equity firm Bedrock Industries Group, is known as a turnaround artist. At one time ...
U.S. Steel sees Q1 adjusted EBITDA $100M-$150M
The company said, “Our North American Flat-Rolled segment results are expected to decrease, primarily driven by seasonal logistics constraints ...
Nikkei Asia23m
Japan and U.S. plan first Ishiba-Trump summit on Feb. 7
TOKYO -- The first meeting between Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump is being arranged for Feb. 7 in Washington, with the two leaders expected to affirm the ...