An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.

If the Pennsylvania governor doesn’t finally start leading, an iconic Pittsburgh-based company may die, writes Nathan Benefield of the Commonwealth Foundation.

U.S. Steel and Nippon Steel filed a separate lawsuit in the U.S. Court of Appeals in Washington, D.C., against the Biden administration to overturn the order and force a new review that could potentially lead to the deal. The Pittsburgh suit against Cliffs and McCall doesn't have any bearing on that decision.

An activist United States Steel Corp. shareholder looking to back out of Nippon Steel’s controversial acquisition wants to replace CEO David Burritt and nine members of the board in a proxy battle that opens another front in the battle for control.

Cleveland-based activist investor Ancora is pushing for U.S. Steel to elect a new board of directors that would stop its merger with Nippon Steel.

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Shares of U.S. Steel Corp. (X) held steady with gains of nearly 0.5% in morning trade on Thursday as investors keep their eyes peeled ahead of the company’s fourth-quarter results scheduled for after-market hours.

Pentwater Capital Management LP said it supports U.S. Steel’s current board and management, rejecting Ancora’s efforts to overhaul the steelmaker’s board and oust CEO David Burritt.

Reports Q4 revenue $3.51B, consensus $3.24B. Commenting on the Company’s fourth quarter performance, U. S. Steel President and Chief Executive

PITTSBURGH - United States Steel Corporation (NYSE:X) announced a quarterly dividend of $0.05 per share on Wednesday, while reporting fourth quarter earnings that fell short of analyst estimates.

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