In August, U.S. Steel publicly rejected a $7.3 billion buyout offer from Cleveland-Cliffs. If Cleveland-Cliff’s efforts had become a reality, the new company would have dominated the U.S. steel market. Instead, U.S. Steel will be acquired by Tokyo-based Nippon for nearly double what Cleveland-Cliffs offered. U.S. Steel will keep its headquarters in Pittsburgh and become a subsidiary of Nippon – a development that worries both U.S. senators from Ohio. The United Steelworkers union also criticized the sale. The CEO of Cleveland-Cliffs, though, congratulated the company. "Even though U.S. Steel’s Board of Directors and CEO chose to go a different direction with a foreign buyer, their move validates our view that our sector remains undervalued by the broader market, and that a multiple re-rating for Cleveland-Cliffs is long overdue,” said Lourenco Goncalves. - Laura |
Overnight Scores and Weather |
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U.S. Steel is being acquired by Nippon Steel for $14.1 billion. (Associated Press file photo) |
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U.S. Steel: U.S. Steel announced Monday that it would be acquired by Nippon Steel for $14.1 billion, reports Sean McDonnell. Hit and run: A deadly hit-and-run claimed the life of beloved Cleveland chocolatier Cassandra Fear over the weekend. Fear was struck by a vehicle after being involved in an accident with a parked car on the 3700 block of West 130th Street around 9 p.m. on Saturday, Peter Chakerian reports. She was hit after exiting her vehicle. Today in Ohio: Before adjourning for the year, the Ohio legislature had a gift for utility companies: a new tax on Ohioans. We’re talking about how the fee on bills will allow companies to build pipelines to nowhere on Today in Ohio, cleveland.com’s daily half-hour news podcast. |
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Elliot Forhan: The Cuyahoga County Democratic Party seems poised to endorse one of state Rep. Elliot Forhan’s opponents after local party leaders in the South Euclid state lawmaker’s district recommended backing one of his Democratic primary challengers in the upcoming March 19 election, reports Andrew Tobias. Heartbeat ban: With the Ohio Supreme Court’s Friday evening dismissal of an appeal in the so-called “heartbeat” abortion case, all eyes are now on a state court that could strike down the law altogether, reports Laura Hancock. Shortly after 5 p.m. Friday, the state’s top court dismissed an appeal brought by the state in the case. The appeal wasn’t focused on the overall constitutionality of the heartbeat law but whether clinics have the right, or standing, to challenge abortion laws without pregnant women as plaintiffs, and whether certain judicial orders, such as preliminary injunctions, can be appealed. |
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White Christmas: With no measurable snow coming up in the last weeks of December, it may be time to temper expectations for a white Christmas. But Zachary Smith recounts snowy Christmases past. Cleveland Diocese: The Catholic Diocese of Cleveland reacted to Pope Francis’ formal approval of priests blessing same-sex couples on Monday by acknowledging the couples’ desire to seek God’s help, but reiterating that marriage is between a man and a woman, Hannah Drown reports. Favorite books: What’s your favorite book of the year? For the holidays – when we hope you have a few extra minutes to savor a new novel or nonfiction – cleveland.com has compiled our favorite books of 2023. Persistence: By the time Cleveland resident Tamia Jackson was 19, she had failed out of three colleges in three different cities. Megan Becka reports that now after a decade of persistence, Jackson has completed her bachelor’s degree in criminal justice, with her final six semesters completed in just one year. Walleye trawl: Prospects for walleye fishing on Lake Erie continue to be outstanding, reports Peter Krouse. Each year, surveys conducted by Ohio and Ontario agencies are used to determine hatch success for walleye and yellow perch, the two primary sport fish in Lake Erie. |
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Hydrogen Heights: There’s a tiny town just off Ohio 8 with no residents and a wide-ranging assortment of furnaces, stoves and other natural gas appliances. It’s called Hydrogen Heights, and if things go well, it could eventually change how many Ohioans heat their homes, reports Sean McDonnell. In 16 shedlike tiny homes at the utility’s training facility, Dominion Energy Ohio is testing to see if furnaces, stoves and other natural gas appliances can be fueled by a blend of natural gas and a little bit of hydrogen. Marshmallow biz: Saidah Farrell loves marshmallows. So when the Cuyahoga Community College culinary graduate decided to start a business, she turned to a nostalgic favorite. Who knew that her side gig – Marshmallow of the Month Club – would eventually have more than 300 nationwide customers and a few out of the country? Farrell’s club members receive artisan marshmallows, freshly baked graham crackers and a signature blend of gourmet cocoa, reports Paris Wolfe. United service: United Airlines is restoring nonstop service between Cleveland and both Las Vegas and Phoenix, starting in March. Susan Glaser reports the new routes launch March 7. Business vibrancy: Northeast Ohio is seeing more investment in vehicle chargers, but is still ranked poorly on electric vehicle infrastructure. The area does not see a lot of money spent on research and development. And there are very few vacant industrial sites in the region, which is good except it means few options for new businesses, Sean McDonnell reports from Team NEO's latest report on resilience and innovation. |
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Server lawsuit: A former Corky & Lenny’s server has accused the owners of the beloved, now-shuttered delicatessen of underpaying their employees, reports Cory Shaffer. In a lawsuit filed Friday in U.S. District Court in Cleveland, Michelle Gilmore says that the former Cleveland dining institution automatically deducted a 30-minute lunch break from the daily wages of employees who worked over six hours, even if they didn’t actually take a break. Wrongful conviction: The state of Ohio will pay $3 million to the estate of a man who spent more than four decades in prison after he was wrongfully convicted of murder, report Jeremy Pelzer and Cory Shaffer. Members of the Ohio Controlling Board on Monday approved the payment to the estate of Isaiah Andrews, who died at the age of 83 of esophageal cancer in April 2022, a few months after a jury found him not guilty in the 1974 slaying of his wife. Child murder: Daneicha Bringht took her 5-year-old son, Kaamir, to a Brooklyn hotel in April 2021 so he could swim in the indoor pool, then used a .22-caliber pistol to shoot the child 11 times, reports Cory Shaffer. Chop shop: Two classic cars stolen last month in Rocky River were found Thursday at a chop shop in Cleveland, reports Olivia Mitchell. Thieves stole the vehicles on Nov. 26 from a secured parking garage. Rocky River police worked with the Westshore Enforcement Bureau and Cleveland police to search three homes for the vehicles. |
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Ask Lucas: How can you get your spouse to start packing lighter? Lucas Daprile writes that to start, you should all probably just carry your own bags. That way, if she wants to overpack, it’s she who has to deal with it. Yum Village: Yum Village, which brought its flavorful Afro-Caribbean flavors to an eatery in downtown Cleveland two years ago, is expanding to Columbus, reports Marc Bona. The Columbus location will be the second in the state and fifth overall, in addition to three in Detroit. Eclipse tourism: Cedar Point will open for a “celestial celebration” during the total eclipse on April 8, reports Susan Glaser. Just a small section of the park will open – the new Boardwalk area, at the front of the park, with easy access to the Lake Erie shore. Eclipse stadium: The Lake Erie Crushers are opening their ballpark for those who want to view the solar eclipse in 2024 – for a price. Marc Bona reports that Mercy Health Stadium will be available 11:30 a.m. to 4:30 p.m. on April 8 when the moon is slated to pass between the sun and earth, offering a rare vantage for those in the path of the moon’s shadow to see a total solar eclipse. Seven Fishes: Feast of the Seven Fish is an ethnic tradition practiced by many Italian-American families on Christmas Eve. Paris Wolfe reports that the menu has no set requirements, but traditional dishes are baccala (salted cod), calamari, eel, shrimp, clams and mussels. Sparkling wine: Casual drinkers look to this time of year as a celebration – holidays, family gatherings, New Year’s Eve. Buy a bottle or two of sparkling wine, pop the cork and toast. Marc Bona reports that it helps to know a few terms on the label. RV Rocking: It’s a bit of a sad day for Jeff and Patti Kinzbach, who are ending their RV podcast after 111 episodes. |
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Northeast Ohio snow totals for Monday, Dec. 18, 2023; Chardon gets 4.3 inches Read more Lakewood City Council to consider recreational marijuana possession, use and permitting Read more Akron deli robbed twice over weekend, possibly by same person, police say Read more Medina City Schools faces tough five-year financial forecast Read more Medina revs up new electric vehicle charging stations Read more Bay Village Historical Society honored for careful preservation at Rose Hill Museum Read more Newborn photographer overcomes grief over losing mom by opening new Brecksville studio Read more Olmsted Falls, Township nonprofit serves residents in need Read more North Olmsted school board member Brian Hall resigns Read more YMCA of Greater Cleveland offers tips to alleviate holiday stress and anxiety Read more |
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