WASHINGTON (Reuters) - U.S. Steel warned Wednesday that a failure to merge with Nippon Steel would put thousands of U.S union jobs at risk and result in the American steelmaker largely pivoting away from its blast furnace facilities and potentially moving its headquarters. The announcement comes as the deal faces strong bipartisan opposition with Vice President Kamala Harris on Monday...

Graphic Packaging Holding Company ( GPK ) shares are trading lower premarket Wednesday. On Tuesday, the Atlanta-based company stated that severe weather reduced production at two paperboard facilities in July. In August, an electrical substation failure at a third facility caused further disruptions and costs. Consequently, Graphic Packaging ( GPK ) lowered the outlook for adjusted EBITDA by $20 million to...

09:17 AM EDT, 09/04/2024 (MT Newswires) -- Bitfarms ( BITF ) said Wednesday that activist investor Riot Platforms' ( RIOT ) upcoming special meeting is an attempt to acquire Bitfarms ( BITF ) at a discounted price and not about corporate governance, in response to claims against the bitcoin company's alleged mismanagement. Riot had declined to constructively engage with Bitfarms...

LONDON (Reuters) - Global hedge funds posted positive results in August even as the unwind in popular yen carry trades whipsawed markets, bank research and sources familiar with the funds' performance showed on Wednesday. Hedge funds posted an average positive 1.3% return for the month, according to a prime brokerage research note from JPMorgan on Tuesday and seen by Reuters...