Bloomberg Business

Esmark Offers to Buy US Steel for Cash, Trumping Cliffs

Esmark Inc. offered to buy United States Steel Corp. for $7.8 billion in cash, trumping an earlier bid from Cleveland-Cliffs Inc. and raising the stakes in a battle for the future of the US industrial icon.

TSMC Growth Abroad Is Welcome, Taiwan Presidential Hopeful Says

The frontrunner in the race to be Taiwan’s next president says he won’t stop the world’s leading chipmaker from building more chip plants in the US or other countries if he is elected, as part of his efforts to deepen engagement and cooperation with countries around the world.

Tiger Cubs Pared Tech Stakes as Other Asset Managers Dove In

Tiger Global Management, Maverick Capital and other so-called Tiger Cubs trimmed their holdings in technology stocks during the second quarter, taking a different tack than other large money managers who loaded up on the sector.

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