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Biden Signals Plan to Block US Steel-Nippon Deal

The president plans to formally block the $14.1 billion sale on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.

December 10, 2024

Kroger’s $24.6 Billion Albertsons Deal Blocked by Judge

A judge blocked Kroger's $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.

December 10, 2024

Luxembourg-Based Faymonville Picks Arkansas for US Factory

The company specializes in oversized-load and special transport equipment, including semi-lowloaders, flatbed trailers, lowbed trailers and drawbar trailers.

December 10, 2024

US Sees Small Global Oil Deficit in 2025

The U.S. reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit.

December 10, 2024

Arizona City Gifts Land for New Cross-Border Trucking Port

The existing port — which is 5 miles away and expanded 27 years ago from the original one built in 1933 — can no longer handle today’s traffic and commercial vehicle inspection demands.

December 10, 2024

China Benefits as Europe’s Big Battery Ambitions Are Failing

Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing.

December 10, 2024

Micron Gets $6.2 Billion Chips Award

The Biden administration has reached a final agreement to give Micron Corp. nearly $6.2 billion in subsidies from a program designed to boost American semiconductor manufacturing.

December 10, 2024

Recycler to Be First US Supplier of Key EV Battery Component

Ascend Elements said it will start to market lithium carbonate, a key component in EV batteries, that it has been able to recycle and refine at its Covington, Ga., facility.

December 10, 2024

Trudeau Says Canada ‘Will Respond’ if Trump Imposes Tariffs

Prime Minister Justin Trudeau said Canada “will respond†if U.S. President-elect Donald Trump imposes new tariffs on Canadian imports.

December 10, 2024

Diesel Price Drops 8.2¢ in Year’s Largest Decline

The decline represents the largest weekly drop since Dec. 11, 2023, when prices fell 10.5 cents. At the national level, diesel remains 52.9 cents cheaper than the same week in 2023.

December 9, 2024