US extends deadline on Nippon's bid for US Steel, offering some hope that the deal is not dead

HARRISBURG, Pa. (AP) — The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden Administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden blocked the deal. ...

Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market

BANGKOK (AP) — Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China's Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan's Nissan and Honda to announce plans to join forces against a flood of ambitious...

Flying taxis are on the horizon as aviation soars into a new frontier

SAN FRANCISCO (AP) — When he was still a boy making long, tedious trips between his school and his woodsy home in the mountains during the 1980s, JoeBen Bevirt began fantasizing about flying cars that could whisk him to his destination in a matter of minutes. As CEO of Joby...

Getty Images and Shutterstock will merge to create a $3.7 billion visual content company

Biden will decide on US Steel acquisition after influential panel fails to reach consensus

WASHINGTON (AP) — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel, leaving the decision to President Joe Biden, who opposes the deal. The...

El Salvador's Congress approves ending ban on metals mining

SAN SALVADOR, El Salvador (AP) — El Salvador's Congress approved Monday a law that would lift the country’s seven-year-old ban on mining for metals. The law, proposed by President Nayib Bukele and passed on a 57 to 3 vote, would allow mining everywhere except nature reserves and...

Nissan and Honda to attempt a merger that would create the world's No. 3 automaker

TOKYO (AP) — Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed...

What a merger between Nissan and Honda means for the automakers and the industry

BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of...

Big Lots conducts going-out-of-business sales after sale of company falls through

NEW YORK (AP) — Discount chain Big Lots is conducting going-out-of-business sales at its remaining locations after a sale of the company didn't materialize. The Columbus, Ohio-based retailer, which sells furniture, home decor and other items, filed for Chapter 11 bankruptcy...

What a merger between Nissan and Honda could mean for the automakers and the industry

BANGKOK (AP) — Japanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger. Nissan’s share price soared nearly 24% in Tokyo after reports citing unnamed sources said...