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March 29, 2025
 

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ACQUISITIONS

U.S. Steel's Edgar Thomson Steel Works in Braddock, Pennsylvania, in December 2019. The Biden administration blocked the $14 billion takeover of U.S. Steel by Nippon Steel on Friday, citing grounds that the sale posed a threat to national security.
BUSINESS / Companies / FOCUS
Jan 5, 2025
Biden’s decision on Nippon Steel deal followed divide in his orbit
The split was emblematic of so many shifts in U.S. policy — including of Biden’s pledge to build trust with allies and the race against China.
An entrance sign for Nippon Steel's East Nippon Works Kashima Area facility is pictured in Kashima, Ibaraki Prefecture, last month.
BUSINESS / Companies / ANALYSIS
Jan 4, 2025
Nippon Steel rejection shows national security means whatever you want
Experts and former officials say the decision signals how sharply the U.S. has turned away from the principles of globalization.
Meiji Yasuda Life Insurance headquarters in Tokyo
BUSINESS / Companies
Jan 4, 2025
Meiji Yasuda girds to be more daring in global M&A hunt
The firm’s ambitions reflect bold moves also being made by many of its local rivals, all hunting for growth outside of the country.
U.S. President Joe Biden decided Friday to block the proposed $14.9 billion purchase of U.S. Steel by Japan's Nippon Steel, with the firms blasting the decision, calling it a "clear violation of due process" and a political move, and vowing to "take all appropriate action" to protect their legal rights.
BUSINESS / Companies
Jan 4, 2025
Biden blocks Nippon Steel’s $14.1 billion takeover of U.S. Steel
The two firms blasted the decision, calling it a "clear violation of due process" and a political move, and saying they would "take all appropriate action" in response.
The path forward for the Nippon Steel-U.S. Steel deal is unclear. The companies could sue the U.S. government, another buyer could swoop in for U.S. Steel, or Republicans who favor the deal could urge U.S. President-elect Donald Trump to find a way to approve it.
BUSINESS / Companies / FOCUS
Jan 4, 2025
What's next for the Nippon Steel-U.S. Steel deal?
The companies could sue the U.S. government, another buyer could swoop in, or those who favor the deal could urge Trump to find a way to approve it.
A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan, in September.
BUSINESS / Companies
Jan 3, 2025
Biden to block U.S. Steel sale to Nippon Steel, source says
Biden's call to block the deal was taken despite contrary efforts by some senior advisers concerned that it could hurt U.S.- Japan relations.
The Nippon Steel logo is displayed at the company's headquarters in Tokyo in April.
BUSINESS
Jan 1, 2025
Nippon Steel offers U.S. government veto power in bid for U.S. Steel approval
The Japanese firm offered to give the U.S. government a veto over any reduction in U.S. Steel's production capacity.
A Nissan dealership and a Honda dealership in Tokyo. As the two firms negotiation a potential merger, Nomura Holdings is advising Honda, while Nissan has retained Mizuho Financial Group and Bank of America.
BUSINESS / Companies
Dec 28, 2024
Honda-Nissan deal sets up next fight for bankers in Japan M&A boom
At roughly $200 billion, the volume of transactions including mergers and acquisitions in the country is up 48% this year.
Makino Milling Machine's headquarters in Tokyo on Friday.
BUSINESS / Companies
Dec 27, 2024
Japan's Nidec takes aim at Makino Milling with $1.6 billion unsolicited bid
Nidec said Makino's board had not agreed to the ¥11,000 per share offer, a 42% premium to Thursday's closing share price, as it had not proposed the bid before announcing it.
U.S. Steel workers who support the takeover by Nippon Steel rally outside the company's headquarters in Pittsburgh, Pennsylvania, in September.
EDITORIALS
Dec 27, 2024
Rejecting the Nippon Steel bid is a slap in the face to Japan
Nippon Steel has not given up and continues to lobby U.S. officials and steelworkers, arguing the deal would grow U.S. Steel, protect jobs, and strengthen the industry.
Nippon Steel's headquarters in Tokyo. The Japanese steelmaker said Thursday it has extended the closing period for its $15 billion purchase of U.S. Steel to the first quarter of 2025.
BUSINESS / Companies
Dec 26, 2024
Nippon Steel extends closing date for U.S. Steel acquisition
The estimated closing date has been revised to the first quarter of 2025.
The United States Steel's Clairton Coke Works facility in Clairton, Pennsylvania. In a letter, a group that includes mayors in Pennsylvania and Indiana denounced the head of the United Steelworkers union over his refusal to negotiate in good faith with Nippon Steel its plan to acquire U.S. Steel.
BUSINESS / Companies
Dec 25, 2024
Mayors urge Biden to approve Nippon Steel acquisition of U.S. Steel
A total of 20 people, including the heads of administrative districts where U.S. Steel facilities are located, underlined the importance of the deal to the local communities.
Masahiro Kihara, the CEO of Mizuho, Japan’s third-largest lender, is expecting U.S. President-elect Donald Trump to make regulations more business friendly.
BUSINESS / Companies
Dec 24, 2024
Mizuho CEO sees global boom in M&A after Trump takes office
Masahiro Kihara, the CEO of Mizuho, Japan’s third-largest lender, is expecting U.S. President-elect Trump to make regulations more business friendly.
Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden after a U.S. panel on foreign investments was unable to reach a consensus.
BUSINESS / Companies
Dec 24, 2024
Nippon Steel's bid for U.S. Steel referred to Biden for final decision
Committee on Foreign Investment in the United States referred the bid to the U.S. president after failing to reach a consensus.
Honda CEO Toshihiro Mibe speaks during a joint news conference with heads of Nissan and Mitsubishi Motors on their merger talks in Tokyo on Monday.
BUSINESS / Companies / ANALYSIS
Dec 24, 2024
Honda crafts Nissan rescue plan that plays out over years
While executives called the transaction a merger, Honda will take the lead in forming the new entity and nominate a majority of its directors.
Hiroshi Shimizu (left), president of Nippon Life Insurance, and Satoshi Asahi, vice president and future president, shake hands after a news conference Wednesday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
Dec 23, 2024
Nippon Life’s $12 billion acquisition spree is just beginning
Having committed to pouring billions into a pair of global insurers, the firm is now turning to asset managers, as it seeks to diversify business at home and abroad.
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
BUSINESS / Companies
Dec 21, 2024
Nippon Steel alleges undue White House influence on doomed deal review
The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel, to the Committee on Foreign Investment in the United States.
Nissan and Honda are exploring a merger, which would create a rival to Toyota Motor in Japan and better position the combined company to face competitive challenges around the world.
BUSINESS / Companies
Dec 19, 2024
Foxconn in talks with Nissan shareholder Renault, CNA says
Renault’s stake in Nissan is a holdover from a longstanding alliance between the French automaker, Nissan and Mitsubishi Motors.
The U.S. Steel Mon Valley Works Edgar Thomson Plant along the Monongahela River in Braddock, Pennsylvania
BUSINESS / Companies
Dec 19, 2024
Despite revamped proposals, Nippon Steel deal on track to be blocked, letter shows
The letter, sent Saturday, sets the stage for U.S. President Joe Biden, who has long opposed the deal, to block it.
Bain Capital said it had "strong concerns” about Fuji Soft’s process to go private, and decided to proceed with its bid to buy shares of the software company without the support of the its board.
BUSINESS / Companies
Dec 18, 2024
Bain to make $4.2 billion hostile bid for Fuji Soft against KKR
Shares of Fuji Soft rose 1.1% to ¥9,756 on Wednesday morning in Tokyo.
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
Massive quake kills at least 150 in Myanmar and Thailand
Medical workers treat a earthquake survivor on a bed in the compound of a hospital in Naypyitaw on Friday, after an earthquake in central Myanmar.
Tokyo police seek public's help on Setagaya family murder 24 years ago
Police seek information from the public on a high-profile murder case, in Setagaya Ward, Tokyo, on Saturday
Student suicides in Japan hit all-time high
A volunteer handles an incoming call at the Tokyo Befrienders call center, a suicide hotline center in Japan's capital.
Copyright questions loom as ChatGPT's Ghibli-style images go viral
A screenshot of OpenAI CEO Sam Altman's Ghibli-style profile picture on X
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.
Hanami season to have record ¥1.39 trillion economic impact on Japan
Cherry blossoms along a road in Tokyo on Tuesday. The 2025 cherry blossom season is expected to have an economic impact of around ¥1.39 trillion on Japan.
Tokyo Series proves to be big business for MLB — and Japanese companies
An advertisement featuring Shohei Ohtani in Tokyo.
New SDF command will be key for contingency planning, Australian commander says
A Maritime Self-Defense Force SH-60K "Super Auk" from JS Shiranui prepares to land on HMAS Brisbane during Exercise Malabar 2023 while off the coast of New South Wales, Australia.
Japanese wages likely to rise more than 5% again this year
Wages are set for another big increase this year as annual negotiations secure generous agreements.

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