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Mr. Mateer testified that, during Mr. Paxton’s re-election campaign in 2018, he confessed to a group of top aides, including Mr. Mateer, that he was involved in an extramarital affair. Mr. Mateer said he believed Mr. Paxton had repented. Then, in 2020, Mr. Paxton began trying on various fronts to assist Mr. Paul, Mr. Mateer said. He learned that Mr. Paul had hired the woman Mr. Paxton had been seeing in 2018. Under cross-examination, Mr. Vassar was asked whether he had brought any evidence with him to the meeting, which included Mr. Mateer, Mr. Bangert and four other aides.

Persons: Jeff Mateer, Ken Paxton, Paxton, ”, Nate Paul —, Paxton’s, —, Mr, Paul, Mateer, Angela Paxton, Ryan Bangert, “, Nate Paul, ” Mr, Ryan Vassar, Vassar, Bangert, J, Mitchell Little, Andrew Wicker, “ Nate, Wicker, Tony Buzbee, Buzbee, David Maxwell, Maxwell, Eric Gay, Paul’s, General Paxton, Dan Cogdell, Cogdell, you’ve, haven’t, “ Rather, ” “ Organizations: ” Prosecutors, Christian, State Senate, Prosecutors, Senate, Texas Ranger Locations: Texas, Austin

Typically, it’s the faithful who carry the various likenesses of Mary in similar festivals across the world. A century ago, the Vatican formally granted special permission for animals to pull the floats with life-sized statues of the Virgin Mary, said the Rev. Another uncommon aspect of the procession is the iconic century-old sacred image standing on the bow of a boat-shaped float – the Virgin Mary breastfeeding infant Jesus. At least 50 were women dressed in pink and blue like the Virgin statue, carrying Jesus dolls or real babies. One of this year’s floats represented Our Lady of Peace, her statue framed by flags of conflict-ridden countries like Ukraine and Libya.

Persons: ”, Antonio Faustino, Virgin Mary, “, Pope Francis, Mary, Fernando Albano Cardoso, Faustino, Jesus, Albano, Julieta Pereira, ” Pereira, Filipe Mendonça, he’s, Alfredo Teixeira, Peace, –, gingerly, Francisco Lopes, Jennifer Esteves Organizations: Catholic, Vatican, Catholic Church, Catholic University of Portugal, Lamego’s, Lilly Endowment Inc, AP Locations: LAMEGO, Portugal, Portugal’s, Nossa Senhora, ”, Lisbon, Douro, Switzerland, Ukraine, Libya, Portuguese, Germany

☆ The Great College Pricing Sham
▼ + stars: | 2023-09-10 | by ( James S. Murphy | ) www.businessinsider.com time to read: +21 min

I use quotation marks, because merit aid is granted to half the students at public colleges and 84% at private colleges. Today the average merit-aid discount at private colleges is $23,000 — leaving the student to cover the remaining $30,000 or $40,000. At four-year public colleges, tuition now accounts for 52% of operational revenue, versus 48% from state funding. To make college more accessible, we need to make greater public investments — at both the state and federal levels — in higher education. James S. Murphy is a higher education policy analyst at Education Reform Now.

Persons: Joe Biden, YouGov, Gen, Gen Zers, You'll, Pell Grant, Dominique Baker, —, Getty, Ben Sasse, who's, Sasse, David Feldman, William & Mary, Ford, Feldman, they're, Sandy Baum, It's, There's, Baum, They're, Josh Shapiro, Spencer Cox, shouldn't, James S, Murphy Organizations: Insider, Harvard, of California, Southern Methodist University, Ivy League, U.S . News, Honda, Porsche, University of Florida, McKinsey & Company, University of Oklahoma, University of Kentucky, Ford, Apple, Fordham, Appalachian, William &, Technology, West Virginia University, WVU, Urban Institute, Google, Reform, Twitter Locations: United States, Italian, Appalachian State, America, Pennsylvania, Utah

This is because blast furnaces operate around the clock and need more workers. Goncalves is also betting that producing iron ore in-house for blast furnaces, rather than sourcing scrap steel for electric arc furnaces, will give Cliffs a competitive edge. While a few carmakers use aluminum for automotive bodies, most prefer high-grade steel from blast furnaces. Cliffs' devotion to blast furnaces, which are unionized unlike some electric arc furnaces, won it the support of United Steelworkers. The union's international president Thomas Conway said it's backing Cliffs' bid for U.S. Steel because of Goncalves' commitment to blast furnaces.

Persons: Lawrence Bryant, Lourenco Goncalves, Goncalves, Josh Spoores, Donald Trump, Phil Gibbs, Thomas Conway, Joe Biden's, Isla Binnie, Bianca Flowers, Greg Roumeliotis, Daniel Wallis Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Cliffs Inc, U.S, U.S . Steel Corp, AK Steel, CRU Group, Steel Dynamics, Steel, Reuters, United Steelworkers, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, CHICAGO, United States, Cleveland, North America, Asia, Toledo , Ohio, New York, Chicago

☆ In Detroit, a Tiny Home Generates a Big Controversy
▼ + stars: | 2023-09-04 | by ( Allan Lengel | ) www.nytimes.com time to read: +1 min

The Tiny Homes, as they’re known, were built by a nonprofit group and have marble shower stalls, granite kitchen countertops and solar panels. They are intended for low-income residents who pay monthly rent of $1 per square foot, plus electricity, with the option to own the home outright after seven years. To date, there are 25 in a three-block area, occupied by residents that include seniors and people formerly homeless and incarcerated, and who earn as little as $7,000 annually. The first set opened in 2017, and construction is slated to begin this fall on a half dozen or so houses on a patch of empty land nearby. The project, which is owned and operated by Cass Community Social Services of Detroit, has been built through fund-raising from foundations and private donors, including rocker Jon Bon Jovi.

Persons: Jon Bon Jovi Organizations: Cass Community Social Services of Locations: Cass Community Social Services of Detroit

☆ Student loan payments restart in October — here are changes borrowers can expect
▼ + stars: | 2023-08-31 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

A new servicer, for someMillions of federal student loan borrowers will have a different servicer when payments resume in October. Impacted borrowers should get emails about the change, said Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers. Borrowers previously with FedLoan should be transferred to MOHELA, or the Missouri Higher Education Loan Authority, he said. Another repayment optionFederal student loan borrowers can now sign up for the Biden administration's new loan repayment plan, and they could be enrolled in it by the time the bills resume. If your student loan servicer can't process your application for the SAVE plan by the time payments resume, it should place you in a temporary forbearance.

Persons: Julia Amaral, they'll, Granite State —, Scott Buchanan, Buchanan, FAFSA, Mark Kantrowitz, Kantrowitz, servicer, Biden, they're, Joe Biden Organizations: Istock, Pennsylvania Higher Education Assistance Agency, Student Loan, Alliance, Finance, Missouri Higher Education Loan Authority, EdFinancial Services, Lakes Higher, Federal Services, Biden, Valuable Education, Public, Education Department Locations: That's, Pennsylvania, Granite State, MOHELA, Missouri, StudentAid.gov

☆ Russia's Prigozhin buried privately in St Petersburg
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +5 min

[1/4] A view shows the grave of Russian mercenary chief Yevgeny Prigozhin, who was killed in a plane crash last week, at the Porokhovskoye cemetery in Saint Petersburg, Russia August 29, 2023. Those who wish to say goodbye may visit Porokhovskoye cemetery," his press service said in a short post on Telegram. In recent days admirers had heaped flowers on makeshift shrines to Prigozhin in Moscow, St Petersburg and elsewhere. Two other top Wagner figures, four Prigozhin bodyguards and three crew members were also killed when his Embraer Legacy 600 private jet crashed north of Moscow. Earlier on Tuesday, Valery Chekalov, the head of Wagner logistics, was buried at another St Petersburg cemetery.

Persons: Yevgeny Prigozhin, Stringer, Putin, Prigozhin, Yevgeny Viktorovich, Wagner, Vladimir Putin's, Sergei Shoigu, Valery Chekalov, Mark Trevelyan, Jon Boyle, Alex Richardson Organizations: REUTERS, Embraer, Reuters, Kremlin, Thomson Locations: Saint Petersburg, Russia, PETERSBURG, St Petersburg, Porokhovskoye, Ukraine, Prigozhin, Moscow, Rostov, Russian

☆ Intel says new 'Sierra Forest' chip to more than double power efficiency
▼ + stars: | 2023-08-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

At a semiconductor technology conference held at Stanford University in Silicon Valley, Intel said its "Sierra Forest" chip will have 240% better performance per watt than its current generation of data center chip, the first time the company has disclosed such figures. That has pushed chip companies to focus on how to get more computing work done per chip. Ampere Computing, a startup founded by ex-Intel executives, was first to market with a chip focused on handling cloud computing work efficiently. Intel, which has lost market share to AMD and Ampere in data centers, said on Monday its "Sierra Forest" chip is on track to arrive next year. The company is for the first time splitting its data center chips into two categories: A "Granite Rapids" chip that will focus on performance but consume more power, and the more efficient "Sierra Forest" chip.

Persons: Dado Ruvic, Singhal, Stephen Nellis, Bill Berkrot Organizations: REUTERS, Intel, Stanford University, Ampere Computing, Devices, AMD, Ampere, Thomson Locations: Silicon Valley, San Francisco

☆ Tens of thousands expected for March on Washington’s 60th anniversary demonstration
▼ + stars: | 2023-08-26 | by ( ) www.cnbc.com time to read: +7 min

Martin Luther King III, along with his wife, Arndrea Waters King, and their 15-year-old daughter, Yolanda, have developed a set of traditions for this time of the year. The original march, which featured their father as a centerpiece, helped till the ground for passage of federal civil rights and voting rights legislation in the 1960s. "What we know is when people stand up, the difference can be made," Martin Luther King III told The Associated Press in an interview ahead of Saturday. Twenty three years ago, she introduced Sharpton and Martin Luther King III at a 37th anniversary march and urged them to carry on the legacy. And the voting rights marches from Montgomery to Selma, Alabama, in which marchers were brutally beaten while crossing the Edmund Pettus Bridge in what became known as "Bloody Sunday," forced Congress to adopt the Voting Rights Act of 1965.

Persons: Martin Luther King, Martin Luther King III, Arndrea Waters, Yolanda, Martin Luther King Jr, Arndrea, Kings ', Bernice King, We've, Bernice, Jr, Andrew Young, King, U.N, General Merrick Garland, Kristen Clarke, Joe Biden, Kamala Harris, Biden, Al Sharpton, Coretta Scott King, Sharpton, Martin, we've, Edmund Pettus, there's, didn't Organizations: Washington, Lincoln Memorial, Washington DC, Jobs, Kings, Major Institute, National Action, Supreme, Associated Press, NAACP, National Urban League, White, National Action Network, Nonviolent, Vigilance, Baptist, Civil Locations: Washington, Atlanta, Birmingham , Alabama, Neshoba County , Mississippi, Montgomery, Selma , Alabama

☆ The Iten killings: Deaths of elite athletes casts spotlight on domestic violence
▼ + stars: | 2023-08-25 | by ( Faith Karimi | ) edition.cnn.com time to read: +15 min

Iten, Kenya (CNN) Martin Tirop pumps his fists in the air as Faith Kipyegon wins her third 1,500-meter gold medal at the World Athletics Championships on Tuesday in Budapest. Instead, on October 13, 2021, Martin Tirop made a gruesome discovery inside his sister's three-bedroom bungalow in Kenya's capital of distance running. In October 2021, Martin Tirop found the body of his sister, Agnes Tirop. In fact, their March 2016 marriage had been a secret, with Agnes' family only finding out after her death at 25. "Agnes Tirop.

Persons: Martin Tirop, Kipyegon, Agnes, Agnes Tirop, she'd, Martin, gurney, Jurkenaite, David Blood, Iten, Joan Chelimo, they're, Weeks, Eliud Kipchoge, She'd, Irungu Houghton, Njeri Migwi, Martin Tirop's, Ibrahim Rotich, Rotich, Tirop, Richard Warigi, Ngigi Mbugua, Mutua, CNN's, Houghton, Joan Chelimo's, Agnes Tirop's, Chelimo, Dinah, Vincent Tirop, Dinah Tirop Organizations: CNN, Adidas, Tokyo, Toyota, David Blood Investigators, crowing roosters, Boston Marathon, New, New York City Marathon's, Amnesty International, Kenyan, Criminal Investigations, Bahraini, Investigations, Investigators, Amnesty, Tirop's, Tirop's Angels, UN Locations: Iten, Kenya, Budapest, Kenya's, Switzerland, Germany, Nairobi, It's, Kaptagat, New York, Amnesty International Kenya, Mombasa, Ethiopia, Nandi County

☆ Esmark scraps bid for U.S. Steel
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +1 min

Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. REUTERS/Lawrence Bryant/File Photo Acquire Licensing RightsAug 23 (Reuters) - Privately held steel company Esmark said on Wednesday it would not participate in the purchase process for U.S. Steel Corp (X.N) and respect the position of the United Steel Workers (USW) union, which is supporting Cleveland-Cliffs' (CLF.N) offer. Last week, Esmark made an offer to buy U.S. Steel for $35 per share, or an equity value of $7.8 billion. Esmark's exit leaves Arcelor-Mittal (MT.LU) as the only known potential challenger to Cleveland-Cliffs, which went public with its bid for U.S. Steel earlier in August. However, U.S. Steel last week said its labor agreement with USW does not afford the union the right to veto a sale of the company.

Persons: Lawrence Bryant, Esmark, ”, Jim Bouchard, Pratyush Thakur, Maju Samuel Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, . Steel Corp, United Steel Workers, Steel, U.S, USW, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, Cleveland, Bengaluru

Competition for workers is fierce: The Wendy’s on Mr. Bellman’s drive home from work advertises wages of $18 an hour. New Hampshire is surrounded by states where the minimum wage is above $13, so if Granite State employers tried to offer substantially less, many workers could cross the border for a bigger paycheck. Paige Roberts, president and chief executive of the Jackson County Chamber of Commerce in Mississippi, said she was “nearly laughed out of a job” when she started asking members about paying the minimum wage. Faster hikes in the wage floor in the late 2010s forced up long-stagnant wages in fields like restaurants and retail. And some businesses, such as summer camps, say they are still paying the minimum wage for entry-level workers or those in training.

Persons: Bellman’s, Mr, Bellman, Paige Roberts Organizations: Granite, Jackson County Chamber of Commerce Locations: New Hampshire, Granite State, Alabama, Mississippi, Jackson County

☆ Cleveland-Cliffs demands U.S. Steel to reveal all buyout offers
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. U.S. Steel, which rejected Cliffs' $7.3 billion cash-and-stock offer as inadequate, had earlier said it was exploring "multiple unsolicited proposals". The stance comes after the USW said last week it would only back Cleveland-Cliffs as a suitor for the company. Even if U.S. Steel has not received any bids, the company must acknowledge that no such proposals have been received, Cleveland-Cliffs said. U.S. Steel had also attracted a $7.8 billion all-cash offer from Esmark Inc and a potential acquisition interest from ArcelorMittal SA (MT.LU).

Persons: Lawrence Bryant, USW, Lourenco Goncalves, Priyamvada, Krishna Chandra Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Tuesday U.S . Steel, United Steelworkers, . Steel, U.S, Steel, Cliffs, Esmark Inc, ArcelorMittal SA, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, Cleveland, Bengaluru

☆ When student loan payments restart, many borrowers may have a different servicer
▼ + stars: | 2023-08-21 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Mementojpeg | Moment | Getty ImagesLook out for notices about the changeScott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers, said impacted borrowers should get emails about the change. Higher education expert Mark Kantrowitz has been tracking the transfers. Borrowers previously with FedLoan should be transferred to MOHELA, or the Missouri Higher Education Loan Authority, he said. Accounts with Great Lakes Higher Education, Kantrowitz said, should be managed by Nelnet going forward. Also, Kantrowitz said, "whenever there is a change of loan servicer, there can be problems transferring borrower data."

Persons: Scott Buchanan, servicers, Buchanan, Mark Kantrowitz, Kantrowitz, You'll Organizations: Student Loan, Alliance, Missouri Higher Education Loan Authority, EdFinancial Services, Lakes Higher, Federal Services Locations: MOHELA, Missouri, Granite State, StudentAid.gov

☆ US Senator Vance asks US Steel to rule out foreign buyer
▼ + stars: | 2023-08-18 | by ( Bianca Flowers | Thomson Reuters | Bianca Flowers Is An Award-Winning Multimedia Journalist Based In Chicago Where She Reports On The Backbone Of The U.S. Labor Market. She Covers Agriculture | ) www.reuters.com time to read: +2 min

[1/2] Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. Vance on Thursday asked U.S. Steel (CLF.N) to rule out a foreign buyer, in a sign that the emerging bidding war for the iconic steel producer could run into political headwinds. Vance, a Republican, said potential U.S. buyers for the Pittsburgh-based company should have priority because domestic steel production is an important aspect of national security. "It appears to be political grandstanding from somebody out making a name for themselves more than any national security interest, said Spoores, principal analyst at CRU Group. Vance was elected to the Senate in 2022 after winning the endorsement of former President Donald Trump, a Republican who also pushed for greater domestic steel production.

Persons: Lawrence Bryant, J.D, Vance, David Burritt, David Sutherland, Josh Spoores, Spoores, Donald Trump, Bianca Flowers, Andy Sullivan Organizations: Steel, U.S . Steel, U.S . Steel Granite City, REUTERS, Thursday, Republican, . Steel, Reuters, Industry, CRU Group, The United Steelworkers Union, Senate, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, Pittsburgh, Cleveland, Luxembourg, Ohio, Chicago

[1/2] Idled blast furnaces at U.S. Steel Corp's Granite City Works in Granite City, Illinois, U.S. on on July 5, 2017. Two other U.S. rivals, Nucor Corp (NUE.N) and Steel Dynamics Inc (STLD.O), trade at 6.9 times and 5.8 times, respectively, according to Refinitiv data. These two companies' offers both value U.S. steel at 6.2 times its 2024 EBITDA, according to RBC Capital Markets analysts. Unlike blast furnaces, EAFs do not have to be operated at constant rates, allowing them to adjust to fluctuations in steel demand. EAFs also release much less carbon dioxide than blast furnaces, reducing climate-warming emissions.

Persons: David Lawder, EAFs, Joe Biden, Jefferies, David Burritt, Donald Trump, Anirban Sen, David Carnevali, Greg Roumeliotis, Sonali Paul Organizations: . Steel, REUTERS, US Steel, . Steel Corp, Cliffs Inc, Esmark Inc, Reuters, ArcelorMittal SA, Cleveland Cliffs, Nucor Corp, Steel Dynamics Inc, Steel, RBC Capital Markets, U.S, ., Steel's, U.S . Steel, Donald Trump . Supply, Thomson Locations: Granite City, Granite City , Illinois, U.S, Pittsburgh, Cleveland, New York

☆ On Our National Mall, New Monuments Tell New Stories
▼ + stars: | 2023-08-17 | by ( Blake Gopnik | ) www.nytimes.com time to read: +2 min

Combine those three terms, and you often end up in a glorious muddle. For just one month, Friday, Aug. 18 through Sept. 18, the National Mall will be hosting “Pulling Together,” an open-air exhibition that tests what works best, or fails least, when artists, publics and monuments are brought together. “Pulling Together” makes room for monuments that talk, for instance, about Black church leaders with AIDS, about the schoolchildren who cut through Washington’s color line, and about Asian migration after America’s war in Vietnam. (One shocking absence: art that addresses the sexism undermining half the world’s humans. The show is planned as the first installment in “Beyond Granite,” a series of temporary public projects led by the Trust for the National Mall with the National Capital Planning Commission and the National Park Service.

Persons: Paul Farber, Salamishah Tillet, Lincoln, Farber Organizations: Art, AIDS, Trust, National Capital Planning Commission, National Park Service, Rutgers University, The New York Times, Mellon Foundation Locations: Vietnam, Philadelphia

☆ Esmark makes $7.8-billion offer for U.S. Steel Corp
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: 1 min

U.S. Steel Corp administrative offices for its Granite City Works in Granite City, Illinois, U.S. on July 5, 2017. REUTERS/David LawderAug 14 (Reuters) - Esmark, a privately held company, said on Monday it had made an offer to buy U.S. Steel Corp (X.N) for $35 per share, or an equity value of $7.8 billion. On Sunday, U.S. Steel launched a formal review of strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs (CLF.N). The unsolicited cash-and-stock offer from Ohio-based Cleveland-Cliffs valued U.S. Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday. Reporting by Ananta Agarwal and Ananya Mariam Rajesh in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: David Lawder, rebuffing, steelmaker, Ananta Agarwal, Ananya Mariam Rajesh, Shounak Dasgupta Organizations: . Steel Corp, REUTERS, Sunday, . Steel, Cliffs, Steel, Thomson Locations: Granite City, Granite City , Illinois, U.S, steelmaker Cleveland, Ohio, Cleveland, Bengaluru

☆ Union leader: Cleveland-Cliffs is the best strategic buyer of U.S. Steel
▼ + stars: | 2023-08-14 | by ( Bianca Flowers | Thomson Reuters | Bianca Flowers Is An Award-Winning Multimedia Journalist Based In Chicago Where She Reports On The Backbone Of The U.S. Labor Market. She Covers Agriculture | ) www.reuters.com time to read: +1 min

Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. REUTERS/Lawrence Bryant/File PhotoCHICAGO, Aug 14 (Reuters) - The United Steelworkers (USW) international president said on Monday that the union supports North American steel producer Cleveland-Cliffs' bid to acquire rival, United States Steel Corp (X.N), adding that the company is the best strategic buyer. "Cliffs is committed to the blast furnace segment of the steel market and U.S. Steel is not," the union's international president, Thomas Conway told Reuters in an interview. The United Steelworker's collective bargaining agreement with U.S. Steel outlines that the company has to take union leadership voices into account for acquisition bids. U.S. Steel has said that it received "multiple unsolicited proposals."

Persons: Lawrence Bryant, Thomas Conway, Conway, Bianca Flowers, Tomasz Janowski Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, United Steelworkers, United States Steel Corp, Steel, U.S, Reuters, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, Cleveland, Chicago

☆ U.S. Steel shares jump after unsolicited bid from Cleveland-Cliffs
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. Despite the surge, shares of U.S. Steel were trading well below the offer price at $27.92, indicating some investors believe a deal may not happen at that price. Cleveland-Cliffs shares were down 6.1%. A combination between the two firms will create the largest steel producer in North America and the 10th largest steel producer in the world and will be a dominant supplier to the transportation sector, KeyBanc Capital Markets analyst Philip Gibbs said in a note. U.S. Steel said it has invited Cleveland-Cliffs to be a part of the review process.

Persons: Lawrence Bryant, steelmaker, Philip Gibbs, Gibbs, Priyamvada, Reshma George, Arpan Daniel Varghese, Saumyadeb Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Steel, KeyBanc Capital, Midwest, AK Steel, U.S, . Steel, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, Cleveland, North America, China, ArcelorMittal, Bengaluru

☆ U.S. Steel explores options after rejecting $7.3 billion offer from Cleveland-Cliffs
▼ + stars: | 2023-08-13 | by ( Jyoti Narayan | Akanksha Khushi | ) www.reuters.com time to read: +3 min

(Reuters) -United States Steel Corp on Sunday launched a formal review of its strategic options, after rebuffing a takeover offer from rival steelmaker Cleveland-Cliffs Inc. FILE PHOTO: Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. REUTERS/Lawrence Bryant/File PhotoThe unsolicited cash-and-stock offer from Ohio-based Cliffs values U.S. Steel at about $7.3 billion, representing a 43% premium to its closing price on Friday. Cliffs said its offer to acquire U.S. Steel had received the support of the United Steelworkers union, which is North America’s largest steel industry union. In a separate statement later Sunday, U.S. Steel confirmed it received an offer from Cliffs and other interested parties.

Persons: rebuffing, steelmaker, Lawrence Bryant, ”, Lourenco Goncalves, Davis Polk, Milbank, Lipton, Katz Organizations: Reuters, United States Steel Corp, Sunday, Cliffs, U.S . Steel, U.S . Steel Granite City, REUTERS, Steel, U.S, China . U.S . Steel, AK Steel Holding Corp, United Steelworkers, Company, UBS, Wardwell, . Steel, Barclays Capital, Goldman Sachs Group, Milbank LLP, Wachtell, Rosen Locations: steelmaker Cleveland, U.S . Steel Granite, Granite City , Illinois, U.S, Ohio, China . U.S, steelmaker, North, Wells Fargo, J.P.Morgan, Cleveland

☆ US Steel to explore strategic alternatives after unsolicited bids
▼ + stars: | 2023-08-13 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: Steel workers at U.S. Steel Granite City Works in Granite City, Illinois, U.S., May 24, 2018. REUTERS/Lawrence Bryant/File Photo(Reuters) -United States Steel said on Sunday it is initiating a formal review to evaluate strategic alternatives for the steel producer after receiving multiple unsolicited bids for part or all of its business. The review was begun after the steel producer received “multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company,” CEO David Burritt said in a statement, without disclosing details about the strategic alternatives. Barclays Capital and Goldman Sachs are serving as financial advisors to U.S. Steel, while Milbank LLP and Wachtell, Lipton, Rosen & Katz are acting as legal advisors, the steel producer said. U.S. Steel also expects to complete about $75 million of repurchases of common stock in the second quarter under its existing $500 million stock buyback authorization.

Persons: Lawrence Bryant, David Burritt, Goldman Sachs, Milbank, Lipton, Katz Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, United States Steel, Barclays Capital, Milbank LLP, Wachtell, Rosen, . Steel Locations: U.S . Steel Granite, Granite City , Illinois, U.S

☆ Chris Christie meets Zelenskyy in Ukraine as he tries to build momentum in GOP primary race
▼ + stars: | 2023-08-04 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former New Jersey Gov. Chris Christie speaks with reporters outside the Child Rights Protection Center in Kyiv, Ukraine, Aug. 4, 2023. Former New Jersey Gov. Chris Christie on Friday met with Ukraine President Volodymyr Zelenskyy during a surprise trip to Kyiv. "I am an advocate for there being more aid to Ukraine, more substantial aid to Ukraine," Christie said according to a pool report, adding that he wanted "to help you win the war."

Persons: Chris Christie, Friday, Volodymyr Zelenskyy, Christie, Zelenskyy, Donald Trump, Anatoliy Fedoruk, Ron DeSantis, That's, Trump, Christie's Organizations: New Jersey Gov, Child Rights Protection, Former New Jersey Gov, Ukraine, GOP, Bucha, Trump Republican, New, Granite State, Trump, Florida Gov, New Hampshire Republicans, Republican Locations: Kyiv, Ukraine, New Hampshire, Russia, New Jersey, Granite, Manhattan, Milwaukee , Wisconsin

☆ DeSantis sharpens critique of Trump but faces huge odds
▼ + stars: | 2023-08-01 | by ( Stephen Collinson | ) edition.cnn.com time to read: +14 min

While he faces classic signs of a campaign in free fall, including staffer layoffs and donor concern, DeSantis’ problems are not all self-inflicted. Keith Davis, who has served as Sheriff of Wayne County since 1997, is a Trump voter who is now backing DeSantis. Scott Olson/Getty ImagesIn his first post-reset swing through Iowa, DeSantis had mixed results. While he was in Iowa, DeSantis also repeatedly paid tribute to Reynolds after Trump alienated some caucus-goers by badmouthing the state’s popular Republican governor. But what DeSantis is trying to do, by running a classic Iowa campaign, is a ultimately a conventional move.

Persons: Donald Trump –, Ron DeSantis, DeSantis, ”, Angus, Rudy Giuliani, Scott Walker, Jeb Bush, Trump, he’s, “ There’s, ” DeSantis, Fox’s Bret Baier, Bill Clinton, “, who’s, He’s, Charlie Neibergall, –, Keith Davis, Kim Reynolds, Davis, ” Davis, mouthing Trump, Dee Snodgrass, Scott Olson, Donald J, Ralph Alshouse, Reynolds, Terry Branstad, it’s, Dr, Anthony Fauci, Kamala Harris, won’t, Reba Saldanha, Reuters DeSantis, Jimmy Carter, Barack Obama, Clinton, John McCain Organizations: Iowa CNN, Florida Gov, Wayne County, Hawkeye State, Trump, Republican Party, New York Times, Siena, Republican, GOP, Republican Party of, Iraq, Yale, Harvard, Reagan, “, Republican Party of Iowa, DeSantis, Jimmy Centers, PAC, Gov, Reuters, Fox News Locations: Chariton, Iowa, Wayne, The Florida, Florida, Granite State, New Hampshire, Wayne County, American, Arkansas, Des Moines, DeSantis, Knoxville , Iowa, Washington, Rye , New Hampshire

☆ Ron DeSantis needs to 'show charisma' and be 'about looking people in the eye' if he wants to actually become president, says New Hampshire Gov. Chris Sununu
▼ + stars: | 2023-07-31 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Sununu said DeSantis would have show "charisma and leadership" in order to win the GOP primary. Despite the stream of GOP candidates in the state, former President Trump retains a polling edge. DeSantis has heavily touted after enacting plenty of conservative policies in Florida as a cornerstone of his candidacy, but New Hampshire Gov. Sununu recently argued that Trump polling below 50% in New Hampshire gave other candidates a huge opportunity to make the case for their respective candidacies. "Either you're willing to swing, you're willing to give the punch and take the punch and show leadership, or you're kowtowing," Sununu said during an interview on Fox News.

Persons: Sununu, DeSantis, We've, Hugh Hewitt's, Trump, — they're, Donald Trump, Ron DeSantis, Chris Sununu, Hugh Hewitt, Hewitt, You've, you've, they've, Sen, Tim Scott of, Doug Burgum, Chris Christie, Vivek Ramaswamy, Nikki Haley Organizations: GOP, Service, Republican, New Hampshire Gov, University of New, Gov, Trump, Fox News Locations: Wall, Silicon, New Hampshire, Granite State, Florida, University of New Hampshire, Tim Scott of South Carolina, North Dakota, New Jersey, South Carolina

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