Connect with us

CBS News

U.S. Steel shares plummet amid questions over the fate of its merger with Nippon Steel

Avatar

Published

on


Pittsburgh-area union members throw support behind Harris as she opposes sale of U.S. Steel


Pittsburgh-area union members throw support behind Harris as she opposes sale of U.S. Steel

02:45

U.S. Steel shares plunged on Wednesday as Wall Street questioned whether its $14.1 billion deal with Japan’s Nippon Steel is at risk of derailing.

Shares of U.S. Steel plunged as much as 25% in afternoon trading after the Washington Post reported President Joe Biden is preparing to formally block the proposed acquisition. As of 2:35 p.m., shares of U.S. Steel were down $7.12, or 20%, to $28.48. 

At an afternoon briefing, a White House official downplayed the Washington Post report, which cited three people familiar with the president’s plans. In a statement, the White House cited a process of review by the Committee on Foreign Investments in the United States, or CFIUS, a panel chaired by the Treasury Secretary. 

“CFIUS hasn’t transmitted a recommendation to the President, and that’s the next step in this process,” a White House official stated.

—This is a developing story and will be updated.



Read the original article

Leave your vote

CBS News

Person of interest in UnitedHealthcare CEO shooting believed to have left New York City

Avatar

Published

on


Details on person of interest in CEO shooting


Details on person of interest in UnitedHealthcare CEO shooting

05:08

Investigators believe that a person of interest in connection with the deadly shooting Wednesday of the CEO of UnitedHealthcare is no longer in New York City, a person familiar with the matter told CBS News Friday.

Newly released surveillance photos show a person who police say they want to question after UnitedHealthcare CEO Brian Thompson was shot and killed Wednesday outside a hotel in Midtown Manhattan.
Newly released surveillance photos show a person who police say they want to question after UnitedHealthcare CEO Brian Thompson was shot and killed Wednesday outside a hotel in Midtown Manhattan.

NYPD


This is a breaking news story. Check back for updates.



Read the original article

Leave your vote

Continue Reading

CBS News

Out-of-work Americans facing longer waits for new job

Avatar

Published

on


Out-of-work Americans facing longer waits for new job – CBS News


Watch CBS News



It’s taking longer for hundreds of thousands of out-of-work Americans to find new jobs, according to data from the Bureau of Labor Statistics. Cory Stahle, an economist for Indeed, joined CBS News to discuss why that’s happening.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

Austin Tice, journalist kidnapped in Syria, believed to be alive and well, his family says

Avatar

Published

on


Washington — The family of Austin Tice, the freelance journalist who was kidnapped in Syria more than 12 years ago, said they have been told that he is alive and well, and they’re frustrated with the U.S. government’s inability to bring him home. 

“We have from a significant source that has already been vetted all over our government, Austin Tice is alive, Austin Tice is treated well. And there is no doubt about that,” Debra Tice, his mother, said at a news conference on Friday at the National Press Club. 

She said her son “is being cared for and he is well.” 

Tice, a Marinę veteran and journalist who worked with several news organizations including CBS News, the Washington Post and McClatchy, disappeared on Aug. 14, 2012, while he was reporting on the Syrian civil war. A short video that appeared weeks later on YouTube and Facebook showed a distressed Tice blindfolded with his apparent captors. It was the last time he was seen.

No one has ever claimed responsibility for his disappearance, but President Biden has said the U.S. knows “with certainty that he has been held by the Syrian regime.” 

Freelance journalist Austin Tice went missing in Syria in 2012 and has not been heard from since.
Freelance journalist Austin Tice went missing in Syria in 2012 and has not been heard from since. 

Fort Worth Star-Telegram/Tribune News Service via Getty Images


The family said the U.S. government is preventing the release of information about the source of Austin Tice’s well-being. But asked whether her son is being held by the Syrian government, Debra Tice said, “We’ve always known that.” 

Marc Tice, his father, said the new information “is very different” from past leads. 

“We are confident that this information is fresh. It indicates as late as earlier this year that Austin is alive and being cared for,” he said.

Debra Tice added that the information is credible because “almost every entity in the United States government regarding security has verified it.” 

The missing journalist’s parents and siblings traveled to Washington for meetings with government officials this week as a Syrian rebel offensive challenges Syrian President Bashar al-Assad’s regime. The family said the meeting has been in the works since July and was not prompted by the situation in Syria. 

They met with the National Security Council, including Mr. Biden’s national security adviser Jake Sullivan, on Friday before their news conference. They met with the State Department on Thursday. 

The family said they asked whether the offensive in Syria could be leveraged in the journalist’s favor and implored Sullivan for a commitment that Mr. Biden would reach out directly to Assad. But the family did not receive any assurances, they said. 

“There just seems to be a massive disconnect between what President Biden has dictated for Austin in terms of doing everything that we can to bring him home, and then the actions and the behavior of the people that sit just below him,” his brother Simon Tice said. 

Debra Tice expressed optimism about the impact President-elect Donald Trump could have on the case when he takes office in January. She said Trump, during his first term, “had an obsession” with her son and getting him home, but members of his administration put up roadblocks. 

“Mike Pompeo and John Bolton did all they could to keep that from happening,” she said of Trump’s CIA director-turned-secretary of state and national security adviser. 



Read the original article

Leave your vote

Continue Reading

Copyright © 2024 Breaking MN

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.