(The Center Square) – U.S. Steel said Monday that union corruption toppled the company’s overseas buyout and pressured regulators to ignore the law in the organization’s favor. Lawsuits, filed respectively in the U.S. Court of Appeals for the District of Columbia and the District Court for the Western District of […]
Trump still against U.S. Steel overseas buyout
(The Center Square) – A controversial $14.9 billion overseas buyout of the iconic U.S. Steel company based in Pittsburgh still doesn’t have Donald Trump’s support. On Tuesday, the president-elect reaffirmed his vow to block the deal with Japanese-based Nippon Steel, upholding the same promise given by the Biden administration earlier […]
Jeffrey Kupfer: Politicians shouldn’t endanger the U.S. Steel deal
President Biden is apparently on the cusp of using his executive powers to block Nippon Steel’s acquisition of U.S. Steel, claiming that it would harm U.S. national security. It’s a claim that doesn’t stand up to scrutiny and obscures what appears to be the real reason for his action – […]
Luke Bernstein: Pro-growth reforms a ‘game-changer’ for business competitiveness
The budget removes some of the taxes that have been holding the state back for years.
By Luke Bernstein
Becky Corbin: When bipartisan consensus is not a virtue
The prospect of foreign ownership of a storied American company raises concerns, but opposition to this merger is misguided.
By Becky Corbin
Without Nippon deal, U.S. Steel may leave Pittsburgh
(The Center Square) – The company behind the eponymous “Steel City” may be a Pittsburgh icon no more. U.S. Steel, founded in the city more than 120 years ago, said Wednesday that without Japanese-owned Nippon Steel’s $14.9 billion acquisition, it would relocate out of Pittsburgh – dealing an economic and […]
Pittsburgh struggling to regain economic footing after pandemic
(The Center Square) — Though Pittsburgh lags behind comparable cities, it does have some bright spots. The Allegheny Conference on Community Development, pulling stats from the second quarter of 2024, found some reasons for optimism. The labor force, for example, grew almost 2% year over year, “a full percentage point greater than […]
Carl Marrara: The biggest Pa. business story of 2021 you haven’t heard about
A Texas-based company will be building a mammoth natural gas plant in Luzerne County. Unheralded by the media, it’s time to celebrate a monumental investment for workers in Northeast Pa.
By Carl Marrara
2020 job losses in Pennsylvania rival Great Recession
The job market in Pennsylvania shrank across all sectors in 2020, rivaling record lows set during the Great Recession a decade earlier.
By Christen Smith
Christen Smith: Pennsylvania loosens capacity limits on bars and restaurants
Governor Wolf, claiming the mantle of science, is expected to ease capacity limits on bars and restaurants by the end of September.
By Christen Smith