U.S. Oil Production Is Booming. Oil Jobs Are Not.
The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.
Mergers, Acquisitions and Divestitures
Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel
The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse.
Constellation Energy to Buy Power Producer Calpine
Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity by the technology industry.
U.S. Steel and Nippon Sue Biden Over Decision to Block Deal
The companies argue in a lawsuit that the process of reviewing the transaction was corrupted by politics.
Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon
The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon as Friday.