Ex-merchant marine captain warns there is 'no way of controlling' cargo ship with mechanical error
There's "no way of controlling" a cargo ship when a mechanical errors occurs, ex-merchant marine Cpt. Klaus Luhta weighs in on the Baltimore bridge collapse.
Nippon Steel says US Steel acquisition wouldn't cause layoffs, plant closures
Nippon Steel said that its planned acquisition of U.S. Steel for nearly $15 billion wouldn't cause layoffs or plant closures amid resistance from the Biden administration and unions.
3M hires outsider Bill Brown as CEO, shares jump
3M has tapped Bill Brown as its next CEO, betting on an outsider to steer the company through a period of slowing sales and the fallout of multiple lawsuits.
Union: Meeting between United Steelworkers and Nippon goes nowhere
No progress was made in a high-stakes meeting Thursday between executives from the United Steelworkers and the Japanese company Nippon Steel.
US steel workers outraged over billion-dollar deal 'selling out' employees to a foreign entity
U.S. Steel has allegedly "sold off to the highest bidder to line their own pockets," according to local union presidents who now worry about their job security and livelihoods.
US Steel company reportedly moving forward with Japanese sale
FOX Business' Lydia Hu speaks with United Steelworkers local union presidents, who say the industry is being 'sold off to the highest bidder.'
Manufacturers fear economic impact of another Biden presidency
FOX Business’ Grady Trimble speaks with manufacturers in Iowa about their economic concerns less than a week away from the state’s caucuses.
Industrials sector is a space to get into in 2024: Ross Mayfield
Baird investment strategy analyst Ross Mayfield breaks down the industrials sector and shares his market outlook for 2024.
Japan's Nippon Steel to buy US Steel in $14.9B deal
U.S. Steel's shares suffered after several quarters of falling revenue and profit, making it an attractive target for rivals looking to add a maker of steel used by the auto industry.
Lionel Messi's World Cup-winning jerseys sell for $7.8 million
Six jerseys Lionel Messi wore during his victorious World Cup run last year sold at Sotheby's auction house for a total of $7.8 million.
Payments to displaced East Palestine residents to stop after one-year anniversary
Norfolk Southern has announced it will will soon stop paying relocation aid to people who were forced to move out in East Palestine, Ohio, in February following a fiery derailment.
British Steel seeks state help for new furnaces as job cuts loom
Britain's second-biggest steelmaker outlined a 1.25 billion pound plan to make steel in a less carbon intensive way by installing electric arc furnaces at its sites in England.
Ford reaches tentative agreement with Canadian auto workers
Canadian auto worker union Unifor and Ford have reached a tentative contract deal, averting a strike that would have seen around 5,600 Canadian workers join UAW in striking.
Senator JD Vance calls on US Steel to refuse buyout bids from foreign entities
Ohio GOP Senator JD Vance sent a letter to U.S. Steel calling on the storied American company to reject any buyout offers from foreign entities.
Loan rejection going to have a 'huge effect' on the consumer: Barry Zekelman
Zekelman Industries Chairman and CEO Barry Zekelman on U.S. steel corp rejecting takeover offer from Cleveland-Cliffs, loan rejection rates rising and the impact of Biden's Inflation Reduction Act tax credit on domestic steel manufacturers.
US Steel rejects $7.3 billion buyout offer from Cleveland-Cliffs
U.S. Steel Corp. declined a $7.3 billion acquisition offer from rival steelmaker Cleveland-Cliffs Inc. and launched a formal review of its strategic options.
The 'huge demand' for skilled workers hurt by young generations' fear of 'hard work': Andrew Crapuchettes
RedBalloon CEO Andrew Crapuchettes explains how the baby boomer generation has left a stigma on blue or mixed-collar work.
Train derails into Montana's Yellowstone River
A train derailment has been reported near Big Timber, Montana with a bridge collapse sending multiple cars into the Yellowstone River and leaking fuel.
3M settles 'forever chemicals' water pollution lawsuit for $10B
Minnesota-based chemicals manufacturer 3M has reached a $10.3 billion agreement to settle lawsuits over contaminated U.S. drinking water systems.
Bunge, Viterra to merge to create global agribusiness giant
Bunge will buy Viterra for $8.2 billion. The acquisition will come alongside a $2 billion stock buyback and will merge ownership through a stock and cash deal.