Garage meets and sleepless flights: How Nippon Steel's negotiator stuck at U.S. merger
Snow lay thick in the Pittsburgh suburbs as Takahiro Mori, a bespectacled, 67-year-old executive from Japan's Nippon Steel, huddled in a cluttered garage with community leaders to reassure them he was not giving up on a bid to buy the town's steel mill.
Just days before the early January meeting, U.S. President Joe Biden had blocked Nippon Steel's proposed $14.9 billion takeover of U.S. Steel, a move both companies said risked thousands of jobs and billions of dollars in investment.
With Biden's incoming successor Donald Trump also voicing opposition to the planned purchase, the outlook was bleak.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
2 hours ago
- Nikkei Asia
South Korea's Lee and Trump discuss tariffs, golf in 1st phone call
SEOUL -- South Korea's newly inaugurated President Lee Jae-myung and U.S. President Donald Trump discussed Washington's tariff policy as well as their golfing skills in their first phone conversation on Friday. Lee and Trump agreed to work toward a mutually satisfactory agreement on tariffs, according to the South Korean government. The two sides affirmed the bilateral alliance and agreed to maintain cooperation on the diplomatic and security fronts.
5 hours ago
87 Japan Universities to Help Int'l Students after Harvard Ban
News from Japan Society Culture Jun 6, 2025 23:25 (JST) Tokyo, June 6 (Jiji Press)--Eighty-seven Japanese universities have announced support measures for international students in the United States, following an order barring Harvard University from accepting such students, the education ministry and the Japan Student Services Organization said Friday. The scope of students eligible for the support measures and the extent of such aid differ from university to university. Tohoku University said that it will accept undergraduates and graduate students enrolled in U.S. universities who face difficulties continuing their studies mainly due to the ban by President Donald Trump's administration. They will be accepted to the national university in northeastern Japan as nondegree students not required to pay tuition or enrollment fees. Many Japanese universities will accept those affected as regular students or nonregular occasional students, regardless of nationality or where they currently study. Some universities have said that such students will be exempt from tuition and be provided with lodging at dormitories. [Copyright The Jiji Press, Ltd.] Jiji Press
NHK
5 hours ago
- NHK
US added 139,000 jobs in May
The US Labor Department says job gains in May slightly exceeded market expectations, pointing to continued steady improvement in the employment market. The Labor Department said on Friday that nonfarm payrolls grew by 139,000 jobs from April. Market analysts had forecast a figure of around 126,000. The unemployment rate was 4.2 percent, the same as the previous month. The focus is now shifting to the possible impact of President Donald Trump's tariff measures. Amid swirling uncertainty, concerns are rising that Trump's trade levies and other policies may dent the job market and slow the US economy.
