National Australia Bank says Nathan Goonan resigns as group CFO
Going for gold: A look at the political and sporting challenges facing the next IOC president
NZ house prices rise in February on improved buyer interest, REINZ says
Liam Payne fans dedicate commemorative bench in Buenos Aires cemetery
In Buenos Aires, thousands of faithful pray for Pope Francis
DOJ antitrust head targets pricey consultants amid DOGE cost cutting
Stars forward Mikko Rantanen receives cheers, some boos, in 1st game against Avs since he was traded
(Reuters) - A number of U.S. business groups on Wednesday sounded the alarm that the Biden administration's national security review of Nippon Steel's planned $14.9 billion acquisition of U.S. Steel is being unduly influenced by political pressure.
The Committee on Foreign Investment in the United States (CFIUS) told the companies in an Aug. 31 letter seen by Reuters the deal would damage American steel production. The groups, including the U.S. Chamber of Commerce, Alliance for Automotive Innovation, National Foreign Trade Council and United States Council for International Business, told Treasury Secretary Janet Yellen that they "fear that the CFIUS process is being used to further political agendas that are outside the committee’s purview and putting the U.S. economy and workers at risk."
(Reporting by David Shepardson)
