President Joe Biden is preparing to announce that he will block the $14.9 billion takeover of U.S. Steel by Japan's Nippon Steel, according to The Washington Post. U.S. Steel CEO David Burritt ...

STORY HIGHLIGHTS: U.S. Steel's board defends $14.9 billion Nippon Steel acquisition deal. Ancora urges delay of annual meeting, proposes alternative directors. U.S. Steel stock rises 2% ...

Toyota Motor Corp. and Nippon Steel Corp. have hammered out a 20 to 30 percent price hike for the steel supplied to the major automaker, sources said. It is believed to be the largest price ...