financetom
Business
financetom
/
Business
/
US Steelworkers union urges Trump to block Nippon Steel's bid for U.S. Steel
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Steelworkers union urges Trump to block Nippon Steel's bid for U.S. Steel
May 26, 2025 12:48 PM

WASHINGTON (Reuters) -The United Steelworkers union urged U.S. President Donald Trump on Thursday to block Nippon Steel's ( NISTF ) bid for U.S. Steel despite a pledge by the Japanese steel giant to invest $14 billion in the iconic American company, as first reported by Reuters.

In a statement published a day after a powerful national security panel submitted a fresh recommendation on the deal to Trump, the union said, "Now, as it continues to make flashy promises about proposed investments, it remains clear Nippon is simply seeking to undercut our domestic industry from the inside."

Nippon Steel ( NISTF ) and U.S. Steel did not immediately respond to requests for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Madison Square Garden Sports' Fiscal Q2 Earnings Fall, Revenue Rises
Madison Square Garden Sports' Fiscal Q2 Earnings Fall, Revenue Rises
Feb 4, 2025
07:50 AM EST, 02/04/2025 (MT Newswires) -- Madison Square Garden Sports ( MSGS ) reported fiscal Q2 earnings Tuesday of $0.05 per diluted share, down from $0.59 a year earlier. Analysts polled by FactSet expected $0.31. Revenue for the quarter ended Dec. 31 was $357.8 million, down from $326.9 million a year earlier. Analysts surveyed by FactSet expected $351.5 million....
Archer-Daniels-Midland's Q4 Adjusted Earnings, Revenue Fall; 2025 Non-GAAP EPS Guidance Issued
Archer-Daniels-Midland's Q4 Adjusted Earnings, Revenue Fall; 2025 Non-GAAP EPS Guidance Issued
Feb 4, 2025
07:46 AM EST, 02/04/2025 (MT Newswires) -- Archer-Daniels-Midland ( ADM ) reported Q4 adjusted earnings Tuesday of $1.14 per diluted share, down from $1.36 a year earlier. Analysts polled by FactSet expected $1.14. Revenue for the quarter ended Dec. 31 was $21.50 billion, compared with $22.98 billion a year earlier. Analysts surveyed by FactSet expected $22.77 billion. The company said...
Hubbell Q4 Adjusted EPS Rises, Net Sales Decrease
Hubbell Q4 Adjusted EPS Rises, Net Sales Decrease
Feb 4, 2025
07:50 AM EST, 02/04/2025 (MT Newswires) -- Hubbell (HUBB) reported Q4 adjusted earnings Tuesday of $4.10 per diluted share, up from $3.69 a year earlier. Analysts polled by FactSet expected $4.02. Net sales for the quarter ended Dec. 31 were $1.33 billion, down from $1.35 billion a year earlier. Analysts surveyed by FactSet expected $1.41 billion. The company expects 2025...
Amcor misses Q2 sales estimates as weak consumer spending weighs on packaging demand
Amcor misses Q2 sales estimates as weak consumer spending weighs on packaging demand
Feb 4, 2025
Feb 4 (Reuters) - Amcor PLC ( AMCCF ) missed Wall Street estimates for quarterly revenue on Tuesday on weak demand for its containers and cartons from consumer goods companies amid a challenging macroeconomic environment. Consumers have been pulling back on non-essential spending amid high inflation and low wage growth, forcing packaged goods companies to trim their inventories. Weak demand...
Copyright 2023-2026 - www.financetom.com All Rights Reserved