Biden will decide on US Steel acquisition after influential panel fails to reach consensus
Nippon Steel of Japan has pledged to invest $2.7 billion in U.S. facilities, including blast furnaces in Gary and in Pennsylvania.
Associated Press
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UPDATE: American Airlines operations up and running again after technical issue grounded US flights
In social media replies to frustrated travelers, the airline said: “Our team is currently working to rectify this. Your continued patience is appreciated.”
Nissan, Honda to attempt merger that would create world’s No. 3 automaker
The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.
The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection
The filing arrives two weeks after the trading of company shares was suspended by the New York Stock Exchange. Under Chapter 11 protection, The Container Store will continue to operate while it restructures.
Nordstrom to be acquired by Nordstrom family and Mexican retail group for $6.25B
Nordstrom’s board of directors unanimously approved the the proposed transaction, while top executives Erik and Pete Nordstrom—part of the Nordstrom family taking over the company—recused themselves from voting.
Big Lots conducts going-out-of-business sales after sale of company falls through
According to the company’s website, all stores are closing and discounts of up to 50% are being offered on the entire assortment goods.
Notre Dame protects home field in new postseason era with 1st playoff win, 27-17 over Indiana
The seventh-seeded Fighting Irish (12-1) won their 11th straight—and their first playoff victory.
Senate eyes vote before midnight on government funding after House approves bill to prevent shutdown
House Speaker Mike Johnson had insisted Congress would “meet our obligations” and not allow federal operations to shutter ahead of the Christmas holiday season.
Richard Allen, convicted in 2017 killings of 2 teenage girls, sentenced to 130 years
Allen received the maximum sentence in the case that’s long cast a shadow over the teens’ small hometown of Delphi.
Trump wants debt ceiling increase in budget deal. If not, shutdown should ‘start now’
Hours before the start of a possible federal government shutdown, President-elect Donald Trump doubled-down on his insistence that the debt ceiling be increased or eliminated.
Tesla recalling almost 700,000 vehicles due to tire pressure monitoring system issue
The recall includes certain 2024 Cybertruck, 2017-2025 Model 3 and 2020-2025 Model Y vehicles.
House rejects Trump-backed plan on government shutdown, leaving next steps uncertain
A day before a potential government shutdown, the House resoundingly rejected President-elect Donald Trump’s new plan Thursday to fund operations and suspend the debt ceiling, as Democrats and dozens of Republicans refused to accommodate his sudden demands.
Starbucks workers plan strikes that could spread to hundreds of US stores by Christmas Eve
Workers at Starbucks stores plan to go on a five-day strike starting Friday to protest lack of progress in contract negotiations with the company.
U.S. economy grew at 3.1% pace in third quarter
GDP growth has now topped 2% in eight of the last nine quarters.
12-team college football playoff arrives after 100 years, a few billion dollars and many detours
College football finally has what the rest of sports have—a legitimate postseason tournament. So what’s likely to change?
U.S. stocks fall sharply after Fed hints at just two rate cuts for 2025
The S&P 500 tumbled 2.9%, the Dow Jones Industrial Average lost 2.6%, and the Nasdaq composite dropped 3.6%.
Caitlin Clark’s No. 22 to be retired at Iowa’s Carver-Hawkeye Arena
Before joining the Indiana Fever, Clark finished her college career as the all-time leading scorer in men’s and women’s NCAA Division I history
Fed cuts its key rate by quarter-point but envisions fewer reductions next year
New quarterly projections suggest that consumers may not enjoy much lower rates next year for mortgages, auto loans, credit cards and other forms of borrowing.
Supreme Court will hear arguments over law that could ban TikTok in U.S. if it’s not sold
The justices will hear arguments Jan. 10 about whether the law impermissibly restricts speech in violation of the First Amendment.
Nissan, Honda confirm talks on closer collaboration but cool merger speculation
Nissan’s share price soared more than 22% after reports citing unnamed sources said it might merge with Honda to form the world’s third-largest automaking group.