05:13 AM EST, 01/03/2025 (MT Newswires) -- (Updates with X stock price drop in final paragraph.) President Joe Biden has decided to officially block Nippon Steel's proposed $14.9 billion purchase of US Steel (X), Reuters reported, citing a person familiar with the decision. The formal decision will likely be announced on Friday, according to media reports. The media speculation follows...

05:04 AM EST, 01/03/2025 (MT Newswires) -- President Joe Biden has decided to officially block Nippon Steel's proposed $14.9 billion purchase of US Steel (X), Reuters reported, citing a person familiar with the decision. The formal decision will likely be announced on Friday, according to media reports. The media speculation follows a statement from US Steel on Dec. 23 which...

05:04 AM EST, 01/03/2025 (MT Newswires) -- (Updates with a statement from Carvana ( CVNA ) and the company's stock move in the last two paragraphs.) Carvana ( CVNA ) shored up its numbers through related-party accounting games while its market was falling, short-seller Hindenburg Research said in a report Thursday. For example, Carvana's ( CVNA ) increase in borrower...

BEIJING (Reuters) - Chinese state-owned plane maker COMAC aims for its C919 jet to start flying on commercial routes to Southeast Asia by 2026 as a first step to moving beyond its domestic market, a senior company official told Chinese media. COMAC, Commercial Aircraft Corporation of China, also aims for European certification for the C919 as early as this year,...