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Ancora-Backed CEO Candidate Proposes US Steel Overhaul

“I want to have a stake in something that I’m going to be involved in,” Alan Kestenbaum said Jan. 27 in an interview. “If I get the chance to run the show, I’ll invest in myself.”

January 27, 2025

EPA Awards $1M to Future Louisiana International Terminal

The U.S. EPA awarded the Port of New Orleans $1 million to pay for a sustainability plan to assist with building the multimodal Louisiana International Terminal container facility.

January 27, 2025

Bay and Bay Expands Flatbed Operations

Minnesota carrier aims to meet the growing needs of existing shippers, particularly in industries requiring transportation of construction materials, machinery and equipment.

January 27, 2025

Oil Traders Expect OPEC+ to Stick With Supply Plan Next Week

Oil traders expect OPEC+ to stick with its current supply policy at a review meeting next week, resisting pressure from President Donald Trump to open the taps and bring down crude prices.

January 27, 2025

Kia Recalls 80,000 Vehicles Over Air Bag Issue

Kia America Inc. has announced a recall of more than 80,000 Kia vehicles due to improper floor wiring that may impact the vehicle’s air bag deployment.

January 27, 2025

Nissan Plans Cuts Without Resorting to Plant Closures

Nissan plans to repair its flailing business without closing factories, according to people familiar with the matter, as it looks to streamline its finances before a capital tie-up with Honda.

January 27, 2025

Diversified Energy to Buy Maverick Natural Resources

Diversified Energy agreed to acquire Texas-based energy producer Maverick Natural Resources to expand its scale as U.S. President Donald Trump makes higher oil production a key priority.

January 27, 2025

Investor Seeks to Quash US Steel-Nippon Deal

An asset manager is seeking to quash Nippon Steel’s takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.

January 27, 2025

Beacon Roofing Solicits Bids to Fend Off Brad Jacobs' QXO

Beacon Roofing Supply has started soliciting interest from potential buyers as it looks to fend off an $11 billion takeover bid from rival QXO Inc., people familiar with the matter said.

January 24, 2025