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Now it's "U.S. Steel"

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Old December 18th, 2023, 11:07 AM
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Now it's "U.S. Steel"

After 122 years, U.S. Steel is becoming a Japanese-owned company. Headquarters will still in Pittsburgh, whatever that means.





https://apnews.com/article/us-steel-...0f0f9172a3bd6b
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Old December 18th, 2023, 01:07 PM
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Lets see if the sale is approved.
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Old December 18th, 2023, 01:13 PM
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Originally Posted by OLDSter Ralph
Lets see if the sale is approved.
By whom? Apparently the only approval still needed is by U.S. Steel shareholders, and they probably will approve it.
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Old December 18th, 2023, 02:58 PM
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losing our souls little at a time for the all mighty dollar!
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Old December 18th, 2023, 05:01 PM
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I used to work for a division of them.
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Old December 19th, 2023, 05:06 AM
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Originally Posted by OLDSter Ralph
Lets see if the sale is approved.
Originally Posted by jaunty75
By whom? Apparently the only approval still needed is by U.S. Steel shareholders, and they probably will approve it.
I take back what I said! You are right. According to an article in today's Wall Street Journal, the deal still needs to be approved by both shareholders and "regulators," Also,some in Congress are opposed due to national security concerns. So it is not a done done deal. We'll have to see how it plays out.
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Old December 19th, 2023, 05:39 AM
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Who cares, they're always changing corporation names.
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Old December 20th, 2023, 09:48 AM
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John Fetterman, Senator from Pennsylvania, to the rescue!

Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale



https://thehill.com/homenews/senate/...us-steel-sale/
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Old December 20th, 2023, 11:07 AM
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That guy can hardly wipe his own butt. I wouldn't get overly optimistic.
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Old December 20th, 2023, 11:21 AM
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He was that way during the last election, but he's been sounding more healthy recently, actually making coherent speeches and giving coherent interviews. And regardless of his toileting abilities, he's still a U.S. senator. I wouldn't dismiss him too quickly.
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Old December 20th, 2023, 11:29 AM
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Old December 20th, 2023, 11:30 AM
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We're not talking politics or religion. We're talking economic policy.
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