Biden rejects proposal to acquire U.S. Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel ? affirming his vow in March to block the acquisition. ?We need major U.S. companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America?s national interests,? Biden said in a Friday morning statement. His decision comes after the Committee on Foreign Investment in the United States, known as CFIUS, failed to reach consensus on the possible national security risks of the deal last month, and sent a long-awaited report on the merger to Biden who had 15 days to reach a final decision.
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel ? affirming his vow in March to block the acquisition. ?We need major U.S. companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America?s national interests,? Biden said in a Friday morning statement. His decision comes after the Committee on Foreign Investment in the United States, known as CFIUS, failed to reach consensus on the possible national security risks of the deal last month, and sent a long-awaited report on the merger to Biden who had 15 days to reach a final decision.
IRS increases 401(k), other 2025 retirement plan contribution limits
The IRS released its updated contribution limits and adjustments to eligibility thresholds for 401(k) plans, IRAs and other retirement plans to account for inflation.
The IRS released its updated contribution limits and adjustments to eligibility thresholds for 401(k) plans, IRAs and other retirement plans to account for inflation.
Big Lots strikes deal to keep hundreds of US stores open
Big Lots has reached an agreement to keep hundreds of its stores open following its bankruptcy filing in September.
Big Lots has reached an agreement to keep hundreds of its stores open following its bankruptcy filing in September.
Economy winners and losers as we look to 2025
Chris Markowski with Markowski investments joins LiveNOW's Mike Pache to take a look at the economy and what to expect going forward under a Trump administration.
Chris Markowski with Markowski investments joins LiveNOW's Mike Pache to take a look at the economy and what to expect going forward under a Trump administration.
Mortgage rates rise for second straight week, highest since July
The highest mortgage rate this year was at the beginning of May.
The highest mortgage rate this year was at the beginning of May.
These US retailers and restaurants fell to bankruptcies, closings in 2024
The Container Store and Party City join Macy's, Stop & Shop, Big Lots and a handful of national pharmacy chains that are rolling up the sidewalks as a divide rocks the retail world.
The Container Store and Party City join Macy's, Stop & Shop, Big Lots and a handful of national pharmacy chains that are rolling up the sidewalks as a divide rocks the retail world.
Starbucks baristas strike grows to hundreds of stores nationwide
Hundreds of Starbucks stores closed as baristas participated in nationwide walkouts.
Hundreds of Starbucks stores closed as baristas participated in nationwide walkouts.
These retailers are closing stores in 2025
Major retailers are shutting down stores nationwide next year as the companies try to adjust their business operations and slash costs amid changes in the industry.
Major retailers are shutting down stores nationwide next year as the companies try to adjust their business operations and slash costs amid changes in the industry.
Starbucks workers expand strike, closing nearly 60 stores in several US cities
Starbucks workers have expanded their strike to more cities and closed 59 stores across the U.S. as of Monday, the union said amid stalled negotiations.
Starbucks workers have expanded their strike to more cities and closed 59 stores across the U.S. as of Monday, the union said amid stalled negotiations.
Here’s what a Honda-Nissan merger could mean for the auto industry and consumers
The potential merger could help boost the auto companies production of electric vehicles amid growing changes in the car industry.
The potential merger could help boost the auto companies production of electric vehicles amid growing changes in the car industry.
Nordstrom to be acquired by Nordstrom family and a Mexican retail group for $6.25 billion
Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group for $6.25 billion, the company said Monday.
Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group for $6.25 billion, the company said Monday.
The Container Store files for Chapter 11 bankruptcy
The Container Store has filed for bankruptcy amid a weaker housing market and a growing availability of cheaper alternatives.
The Container Store has filed for bankruptcy amid a weaker housing market and a growing availability of cheaper alternatives.
Nissan, Honda announce merger plans, which would create world's No. 3 automaker
Nissan and Honda agreed to consider a merger and set up a joint holding company, which would create the world's third-largest automaker.
Nissan and Honda agreed to consider a merger and set up a joint holding company, which would create the world's third-largest automaker.
Amazon strike: Will it affect delivery of your packages?
Amazon delivery drivers are on strike in a handful of U.S. cities.
Amazon delivery drivers are on strike in a handful of U.S. cities.
What's open and closed on Christmas 2024
Most stores other businesses are closed on Christmas to give workers time with their own families, but there are a few you’ll find with their doors open
Most stores other businesses are closed on Christmas to give workers time with their own families, but there are a few you’ll find with their doors open
Party City closing after 40 years in business
Party City CEO Barry Litman said it was 'necessary to commence a wind down process immediately.'
Party City CEO Barry Litman said it was 'necessary to commence a wind down process immediately.'
Burger chain named as America’s most expensive fast-food restaurant: 'Overpriced'
Customers have complained of price increases at fast-food chains amid inflation.
Customers have complained of price increases at fast-food chains amid inflation.
Big Lots to start holding 'Going out of Business' sales at remaining locations
Big Lots announced it will likely not complete its purchase agreement to sell off its assets as part of a Chapter 11 bankruptcy, and is holding Going Out Of Business sales now.
Big Lots announced it will likely not complete its purchase agreement to sell off its assets as part of a Chapter 11 bankruptcy, and is holding Going Out Of Business sales now.
Amazon workers go on strike ahead of Christmas rush
Amazon workers affiliated with the Teamsters union have gone on strike at seven of the company's facilities across the United States ahead of Christmas. LiveNOW's Austin Westfall discusses the impact of the strike with FOX 35 Orlando's Manny Martinez.
Amazon workers affiliated with the Teamsters union have gone on strike at seven of the company's facilities across the United States ahead of Christmas. LiveNOW's Austin Westfall discusses the impact of the strike with FOX 35 Orlando's Manny Martinez.
Teamsters union launches historic nationwide strike against Amazon: 'Paying the price'
Days before Christmas, thousands of Amazon workers organized under the Teamsters union have gone on strike. Here's what to know.
Days before Christmas, thousands of Amazon workers organized under the Teamsters union have gone on strike. Here's what to know.