Key TakeawaysU.S. Steel's CEO said the company would have to close plants and might move its headquarters out of Pittsburgh if the Nippon Steel acquisition falls through.David Burritt told the Wall Street Journal the company needs the planned infusion of cash Nippon has promised.Both leading U.S. presidential candidates have said they oppose the acquisition. The CEO of U.S. Steel (X) warned that the company would have to close steel plants and likely move its headquarters from Pittsburgh if the $14.9 billi ...

US Steel’s boss warned that the company would shut down mills and move its headquarters out of Pittsburgh if its planned sale to Nippon Steel is blocked.CEO David Burritt said US Steel is banking on a $3 billion investment from Nippon to survive as part of a nearly $15 billion acquisition. The multi-billion dollar investment will help the steel company avoid making job cuts, he said. 6 US Steel’s CEO said the company would shut down mills and move its headquarters out of Pittsburgh if its planned sale to ...

Key TakeawaysOn a presidential campaign stop in Pittsburgh, Vice President Kamala Harris said she opposes Nippon Steel's acquisition of U.S. Steel.Harris reiterated a statement in March from President Biden arguing that the company should remain in American ownership.U.S. Steel agreed last December to be purchased by Japan's Nippon Steel for $14.9 billion. U.S. Steel (X) shares tumbled Tuesday, a day after Democratic presidential candidate and Vice President Kamala Harris said that she supported the White H ...

United States Steel Corporation (NYSE:X) stock is sliding today, last seen down 3.9% to trade at $36.43. The drop comes after statements from U.S. Vice President Kamala Harris during a Labor Day rally in front of union members in Pittsburgh, Pennsylvania, where she opposed the planned sale of the company to Japan-based Nippon Steel. The Democratic presidential candidate wants the American institution -- the world's first billion dollar corporation -- to remain in domestic hands. The equity has yet to recove ...

ToplineVice President Kamala Harris expressed her opposition to Japanese firm Nippon Steel’s $15 billion bid to take over U.S. Steel at a campaign event in Pittsburgh on Monday, echoing President Joe Biden’s strong disapproval of the deal.Democratic presidential nominee, U.S. Vice President Kamala Harris speaks during a campaign event at ... [+] in Pittsburgh, Pennsylvania.Getty Images Key FactsSpeaking at a campaign event in Pittsburgh, Harris called U.S. Steel a “historic American company” and said it was ...

United States Steel Corporation (X) will receive additional project investments from Nippon Steel Corporation at its Mon Valley Works and Gary Works. This is subject to the completion of Nippon Steel’s pending acquisition of X and the receipt of any required regulatory approvals.The growth investments announced by Nippon Steel will extend the production life of two of U.S. Steel's key integrated assets while improving steel supply security for American manufacturers. The investments will involve significant ...

TOKYO, Aug. 28, 2024 /PRNewswire/ -- Nippon Steel Corporation ("Nippon Steel") (TSE: 5401) today announced additional project investments to be made at Mon Valley Works and Gary Works, as part of its pending acquisition ("Transaction") of United States Steel Corporation ("U. S. Steel") (NYSE: X).The investments announced today are major growth investments and represent additional capital spending that will extend the production life of two of U. S. Steel's critical integrated assets and enhance the security ...

Newly launched WalkMeX receives four industry awards for artificial intelligence SAN FRANCISCO, Aug. 19, 2024 (GLOBE NEWSWIRE) -- WalkMe (NASDAQ: WKME), a leading provider of digital adoption solutions for effectively navigating technology change, today announced new capabilities as part of its Summer ‘24 product release and recent industry recognition for AI innovation. Many of these new capabilities are part of WalkMeX, the world's first and only copilot with the context to meet every user with the next b ...

United States Steel (X) reported $4.12 billion in revenue for the quarter ended June 2024, representing a yearover-year decline of 17.8%. EPS of $0.84 for the same period compares to $1.92 a year ago. The reported revenue represents a surprise of +3.00% over the Zacks Consensus Estimate of $4 billion. With the consensus EPS estimate being $0.76, the EPS surprise was +10.53%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-16811 United States Steel Corporation (Exact name of registrant as specified in its charter) Delaware 25-1897152 (State or other ju ...