Business
Nippon Buying US Steel for $14.1 Billion
Nippon Steel Corp. will buy United States Steel Corp. for $14.1 billion to create the world’s second-largest steel company and the biggest outside of China with a key role in supplying American manufacturers and automakers. US Steel rejected a $7.25 billion offer from rival Cleveland-Cliffs in August. Bloomberg’s Simone Foxman reports.
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Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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Hungary’s parliamentary vote to amend the constitution crowns a frenetic period of legislative activity since Prime Minister Peter Magyar pledged to reincarnate democracy in the country. The result removed the president, set a limit of three parliamentary terms for legislators and sent allies of former PM Viktor Orban in top courts into retirement. Bloomberg’s Zoltan Simon reports.
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@mitsuyamaeda-sub
December 29, 2023 at 1:49 am
The acquisition of US Steel by Nippon Steel would be too burdensome for Japan, as it would put Japan directly involved in America's military industry.
@joetriolo9161
December 29, 2023 at 1:49 am
Corporate greed never takes a holiday. Oh boy, look at the stock price…forget the national security implications and screw the workers…this is shameful and is also a big test for "Union Joe" to step up and walk the walk. If this admin allows this deal to go forward it shows their contempt for their constituents and is a wake-up call to working people telling them you don't matter to them but, hey, Orange Man Bad so step into that voting booth and vote blue. Not.
@boxscorewatcher413
December 29, 2023 at 1:49 am
America getting rekt
@itsabar
December 29, 2023 at 1:49 am
lyers they’re all lyers
@overeasy4175
December 29, 2023 at 1:49 am
"Go Green" politicians made it impossible to make steel with coal in America. Now when outside countries by up those American companies, just for their technologies. Those same exact "go green" politicians run out to a camera to show outrage.
@atkim122
December 29, 2023 at 1:49 am
Nippon: "Michael, we're bigger than US Steel."
@trent7698
December 29, 2023 at 1:49 am
Japan is our ally and they are better that Chinese CCP
@matthewsmith988
December 29, 2023 at 1:49 am
The United States is for sale. It's a global economy. The higher ups already have homes in other countries. They do not care about the future or the past of the United States.
@johnchieze530
December 29, 2023 at 1:49 am
the ultimate job of the ceo and board of directors is to enhance shareholder value, not produce jobs or increase wages which is the responsibility of the fed. in the past 2 years i've watched my holdings of u.s. steel climb from $5/share to $49 -yowzah! pray that the current occupant of the white house okays this, but i can't wait for trump to re-take the helm in 2025
@danielcadnum7214
December 29, 2023 at 1:49 am
What about national security? Isn’t US Steel one of the last US owned steel companies? How things have changed in a century. Those mills built the WWII steel used in the ships to defeat Japan. Amazing 😮
@33Treez
December 29, 2023 at 1:49 am
Myro on Solana!!
@33Treez
December 29, 2023 at 1:49 am
CryptoXr France… Ecomi $OMI what's the famous quote??? "get in early"??
@mopthermopther
December 29, 2023 at 1:49 am
This is a big deal.
@RWROW
December 29, 2023 at 1:49 am
Sounds like the end of an era.