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Storied US Steel to be acquired for more than $14B by Nippon Steel

Published Mon, 25 Nov 2024 05:58:38 GMT

U.S. Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion.The transaction is worth about $14.9 billion when including the assumption of debt. The combined company will be among the top three steel-producing companies in the world, according to 2022 figures from the World Steel Association.The price tag for U.S. Steel is nearly double what was offered just four months ago by rival Cleveland Cliffs. U.S. Steel, which rejected that offer, confirmed the offering price from Nippon early Monday.That tie-up would have created one of the top four outside of China, which dominates global steel production. U.S. Steel executives were asked about a potential pushback from U.S. regulators over security concerns on Monday. Police cruiser crashes into south St. Louis City bar overnight “This is going to increase competition here in the United States with a gr...

West Highland restaurant owner launching Wheat Ridge food truck park

Published Mon, 25 Nov 2024 05:58:38 GMT

Blaine Baggao started a food truck and opened a brick-and-mortar site. Now, he’s combining the two.The 38-year-old restaurateur behind Adobo in West Highland, which serves Filipino and Mexican food, is launching a food truck park in Wheat Ridge at the end of the month.“I respect the hell out of my industry and want to give them something where they can feel like they’re at home … as opposed to just showing up and being a nice amenity,” Baggao said.MoonRise Garden Bar will operate on a 20,000-square-foot lot at 6875 W. 38th Ave. It will hold up to four food trucks, including Adobo’s, and a bar. Baggao’s long-time bartender and friend Dylan Zarett is creating the drink menu and managing the bar.“It’s really the best of the best coming together, the Justice League of food trucks,” Baggao said.MoonRise will have both permanent and rotating trucks. Baggao said he’s gotten a lot of interest but hasn’t set rates or committed to any trucks yet.Baggao said David Heller, who owns the former g...

Boulder police fatally shoot woman carrying replica gun near recreation center

Published Mon, 25 Nov 2024 05:58:38 GMT

A woman carrying a replica gun was shot and killed by Boulder police Sunday afternoon after she allegedly pointed the replica at someone outside the North Boulder Recreation Center and then ran from police, officials said.Boulder police Deputy Chief Ron Gosage announced the woman’s death at a news conference in front of Boulder police headquarters Monday afternoon, 18 hours after the department first posted on X that there had been a police shooting. That post did not specify whether anyone was wounded or killed by officers.Emergency dispatchers received a 911 call at 4:10 p.m. from a driver who said he was in his car in the recreation center’s driveway exit at 3170 Broadway when a woman approached him and pointed a gun at him, Gosage said at the news conference.Officers arrived at the scene two minutes later and located the woman at 4:14 p.m. She did not follow officer commands and headed north on Broadway on foot, Gosage said.Police attempted to detain her through deescalation and...

12th package of sanctions on Russia’s war of aggression against Ukraine: Additional 61 individuals and 86 entities included in the EU’s sanctions list

Published Mon, 25 Nov 2024 05:58:38 GMT

As part of the comprehensive twelfth package of sanctions adopted earlier today, the Council decided to impose restrictive measures on an additional 61 individuals and 86 entities responsible for actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.Today’s new listings target primarily the military and defence sectors. The Council is listing more than 40 companies taking part in the Russian military industrial complex, 7 Russian private military companies and one of their founders, 12 Belarusian individuals involved in the military support to Russia’s war against Ukraine, and further Russian officials and Russian businesspersons in the defence sector.Furthermore, restrictive measures will apply to important economic actors: AlfaStrakhovanie Group, one of the biggest insurance companies in Russia, Rosfinmonitoring, the Federal Service for Financial Monitoring, four telecom companies in the territories of Ukraine that Russia has tempora...

Southwest Airlines penalized $140M for 2022 Holiday travel nightmare

Published Mon, 25 Nov 2024 05:58:38 GMT

Southwest Airlines has been given the largest fine ever levied against an airline for last year's holiday travel debacle which saw thousands of flights canceled near Christmas.The U.S. Department of Transportation penalized Southwest a record-breaking $140 million civil penalty on Monday for violating consumer protection laws. The fine is 30 times larger than any other penalty ever issued by the DOT for consumer protection violations.In December 2022, more than 2 million Southwest passengers were affected by cancellations and delays beginning in the days leading up to Christmas and continuing through the New Year holiday. Southwest starts on reputation repair after cancellations As many as 16,900 flights were canceled in what some were calling the biggest meltdown in modern airline history.The majority of that $140 million fine will go to passengers who were adversely affected by the delays and cancellations. Southwest was also forced to issue more than $600 million in refunds an...

Airbnb launches AI effort to predict, block New Year's Eve parties

Published Mon, 25 Nov 2024 05:58:38 GMT

Airbnb is hoping artificial intelligence can help prevent rental homes from getting trashed on New Year’s Eve.The short-term rental company has launched a new AI-powered and machine-learning system to identify and block bookings that “could be potentially higher-risk for a disruptive and unauthorized party,” Airbnb said in a news release on Monday.The system first looks at one, two and three-night booking attempts, and then crunches data from hundreds of “signals” to determine the risk of a New Year’s Eve ruckus.Those factors include the duration of the visit, how far the listing is from the guest’s location, the type of listing, and if the reservation is being attempted at the last minute, among others. Airbnb data reveals top destination for family bookings in California, U.S. Guests who successfully book their stays need to confirm that they understand that Airbnb doesn't allow parties and that they could be banned from the platform if they get caught breaking the rule.Airbnb s...

George Clooney clears up talk that he's stepping away from acting

Published Mon, 25 Nov 2024 05:58:38 GMT

George Clooney is at the helm of the new film "Boys in the Boat," which tells the story of the rowing team at the University of Washington during the Great Depression. The team is thrust into the spotlight as they compete for gold during the 1936 Olympics in Berlin. Clooney is in the director's chair for the project, but that doesn't mean he's giving up life in front of the camera. George Clooney and Joel Edgerton talked to Sam Rubin about "Boys in the Boat," which hits theaters on Christmas Day.This segment aired on the KTLA 5 Morning News on Dec. 18, 2023."I'm actually acting more now," he told KTLA 5's Sam Rubin. "I'm going to do a movie with Noah Baumbach. I just finished the Jon Watts film with pretty boy Brad Pitt.""You meant you're just stepping further away from the lens," actor Joel Edgerton joked. "I'd like something a little softer on that lens," Clooney quipped. As a father of twins, he isn't quite sure if he'll be able to direct anytime soon. "It takes so much time, an...

Firefighters help save the season after church fire

Published Mon, 25 Nov 2024 05:58:38 GMT

POMONA, Calif. - Firefighters couldn’t save the church, but they were able to save Christmas for many of its congregants.The Victory Outreach Church in Pomona went up in flames early Sunday morning in a fire that remains under investigation.“The flames just began to run through the entire attic,” Pastor Robert Garcia told KTLA. “[Firefighters] had to pull out so nobody would get hurt, and they had to pretty much sit there and watch it burn for a couple of hours.”Video from OnScene.TV shows the Victory Outreach Church in Pomona, California going up in flames on Sunday, Dec. 18, 2023. (OnScene.TV)No one was injured, but around 500 toys that were to be given to children as Christmas gifts Sunday night were destroyed, along with the 42-year-old building itself.As news of the fire spread, community members started coming forward to donate toys. Then, Los Angeles County firefighters hatched a plan.“When [we] found out that community members of this church were planning their Christmas par...

Oakland police ID man who was shot and killed Nov. 28 at apartment complex

Published Mon, 25 Nov 2024 05:58:38 GMT

OAKLAND — Police have released the identity of a man who was shot and killed here three weeks ago.Antone R. Wiggins, 31, was shot and killed at an apartment complex on the 10900 block of MacArthur Boulevard, around 11 a.m. Nov. 28. Wiggins was reportedly shot inside another person’s unit, then ran a short distance and collapsed in the parking lot, according to police.Authorities haven’t said if Wiggins lived at the complex.Days after Wiggins was killed, police say, a suspect turned herself in at the police station but refused to provide a statement. She was released after the Alameda County District Attorney’s office declined to file charges, pending further investigation, authorities said.Police have not said if they’ve identified a motive for the homicide, nor exactly what circumstances led to the shooting. Officers recovered a firearm from inside the apartment where the shooting took place, but have not said whether they’ve determined if it was...

Claiming election fraud, Serbian opposition takes to the streets

Published Mon, 25 Nov 2024 05:58:38 GMT

By Jovana Gec | Associated PressBELGRADE, Serbia — Serbia’s weekend snap election was held in “unjust conditions,” with multiple reports of irregularities, international observers said on Monday, as opponents of populist President Aleksandar Vucic took to the streets claiming the vote was rigged.Political tensions spiked in the Balkan country over the parliamentary and local elections on Sunday. In Belgrade, several thousand people gathered in front of the state election commission headquarters, chanting “thieves,” as opposition leaders moved to lodge formal complaints claiming fraud in the city election.“We have hundreds and hundreds of complaints, said opposition politician Marinika Tepic. She and several other opposition politicians will camp inside the building that’s the seat of the state election commission. “We will stay here for a while.”At one point, protesters broke through a fence surrounding the building and one young...