Cleveland, OH
Cleveland-Cliffs reiterates offer to buy mills U.S. Steel is threatening to close
![Cleveland-Cliffs reiterates offer to buy mills U.S. Steel is threatening to close Cleveland-Cliffs reiterates offer to buy mills U.S. Steel is threatening to close](https://assets2.cbsnewsstatic.com/hub/i/r/2023/08/14/682700bc-b364-4a24-bf4a-daac234944ed/thumbnail/1200x630/bb58c11fee6be6acb1cd4f32005715a1/us-steel.jpg?v=631cf5f2b4e8db7f9bc428589402864d)
Cleveland-Cliffs is reiterating its interest in buying unionized mills that U.S. Steel is threatening to close should its takeover by Japan’s Nippon Steel get blocked by President Joe Biden.
While the White House has said it’s waiting to hear from the Committee on Foreign Investments in the United States, or CFIUS, as to potential national security concerns presented by the deal before making a decision, Cleveland-Cliffs applauded reports that Mr. Biden is ready to derail the merger.
“Our industry is best served by American companies that are committed to the long-term prosperity of domestic manufacturing, supported by good paying union jobs, under American ownership, Cleveland-Cliffs CEO Lourenco Goncalves said in a statement Thursday. “Cleveland-Cliffs stands ready to immediately acquire and invest in any and all union-represented assets that U.S. Steel shuts down, protecting union jobs and investing in the future livelihoods and communities in which the facilities operate.”
The CEO’s statement helped revive U.S. Steel’s stock, which on Friday was up more than 5% and trading at $31.50 a share.
U.S. Steel stock had plunged after Vice President Kamala Harris added her voice to those who support keeping the iconic company domestically owned and operated at a Labor Day event in Pittsburgh on Monday. Shares caved further after reports that Mr. Biden is readying to formally block the proposed more than $14 billion acquisition, possibly in the coming days.
U.S. Steel moved to salvage the deal, saying it would have to close mills represented by the United Steelworkers (USW) union if the acquisition by Nippon Steel does not go through. The USW opposes the merger, but supported a rejected offer by Cleveland-Cliffs for U.S. Steel.
Based in Cleveland, Ohio, Cleveland-Cliffs is already acquiring Canadian steelmaker Stelco Holdings for $2.8 billion.
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Cleveland, OH
$5 million bond set in 7-year-old boy’s death in Cleveland
![million bond set in 7-year-old boy’s death in Cleveland million bond set in 7-year-old boy’s death in Cleveland](https://www.cleveland.com/resizer/v2/6HHXT3VKEJENZA2E5KDGVNV37U.jpg?auth=1337691500329bf694f9dae1dbcbc349eb0ee38f9d4f33a5ca7593faee74b2c9&width=1280&quality=90)
CLEVELAND, Ohio – A judge Friday set the bond at $5 million for a man accused of driving the SUV that struck and killed a 7-year-old boy as he rode his skateboard in a parking lot.
Cleveland Municipal Judge Ann Clare Oakar ordered the bond during Donald Mynatt’s first appearance. Federal marshals arrested Mynatt, 32, of Cleveland, in Willoughby on Tuesday.
Cleveland.com and The Plain Dealer reached out to Mynatt’s attorney, Bret Jordan, for a comment.
Mynatt is accused of leaving the scene of an accident involving a death. Authorities said Mynatt was at the wheel of a black Mercedes Benz SUV when it struck Amir Prewitt in the parking lot of Lakeshore Beach Apartments in North Collinwood on Aug. 16 as the boy rode his skateboard.
Police said Mynatt dragged Amir underneath the vehicle and refused to stop.
Amir was transported to Euclid Hospital in a private vehicle, where he later died. The SUV later was found abandoned.
Cuyahoga County prosecutors are expected to take Mynatt’s case to a grand jury in a matter of days. The charges are expected to be upgraded to first-degree felonies.
The high bond that Oakar set is somewhat typical for those charged with serious felonies, according to court documents. Authorities had filed a request for a high bond in the case, as Mynatt had eluded authorities for weeks.
Amir would have been a second-grader at St. Thomas Aquinas School in Cleveland this fall, according to published reports.
Cleveland, OH
1 man dies in double shooting on Cleveland’s West Side
CLEVELAND, Ohio (WOIO) – According to Cleveland EMS, a man has died following a double shooting Friday afternoon.
A 40-year-old man was pronounced dead at the scene.
A 30-year-old male was taken to MetroHealth Hospital in serious condition.
According to Cleveland Police, an officer was involved in an accident responding to the scene at West 44th Street and South Marginal. A person was taken to MetroHealth Hospital in stable condition from that scene it is not known if the person was a police officer.
This is a developing story. Check back with us on TV and online for the latest updates.
Copyright 2024 WOIO. All rights reserved.
Cleveland, OH
Cleveland Cavaliers Urged To Make Major Roster Fix
![Cleveland Cavaliers Urged To Make Major Roster Fix Cleveland Cavaliers Urged To Make Major Roster Fix](https://images2.minutemediacdn.com/image/upload/c_crop,w_4600,h_2587,x_0,y_50/c_fill,w_1440,ar_16:9,f_auto,q_auto,g_auto/images/ImagnImages/mmsport/cavs_insider/01j73rwbn5mnkfw06w5r.jpg)
The Cleveland Cavaliers have had a very quiet offseason so far. Their major moves have all come from within their own roster.
Of course, those major moves were signing Donovan Mitchell, Evan Mobley, and Jarrett Allen to major contract extensions.
Despite coming up short last season, the Cavaliers have opted not to get aggressive bringing in outside talent. That is something that has been frustrating for the fans.
With the 2024-25 NBA season right around the corner, Cleveland is being urged to make a major roster move.
ESPN has revealed a roster fix that the Cavaliers must make as soon as possible. They believe that Cleveland needs to bring in a two-way wing.
“Mobley and Allen are one of the best defensive tandems in the league and automatically give Cleveland a strong baseline over the course of the season. But who is guarding Jayson Tatum and Jaylen Brown when the Cavs play the Celtics? Or Khris Middleton when they play the Bucks? Or Paul George when they play the 76ers? No matter how good those two big men are, Cleveland will, at some point, need to address how to better protect the perimeter. Simply bringing back Okoro won’t be enough.”
Speaking of Okoro, the Cavaliers also have not figure out what to do with him. He is still a restricted free agent.
That take about the team’s perimeter defense is very valid. If Cleveland truly wants to compete for a championship, they need to focus on how to defend against the elite offenses in the East. As of right now, they don’t have much of a chance of defending the Boston Celtics.
Bringing Okoro back would be a step in the right direction. However, they really need to add another key piece as well.
More than likely, that move would need to come via a trade. There aren’t many quality free agents left on the market.
All of that being said, it will be interesting to see if the Cavaliers end up making any moves before the regular season. If they don’t, there is a decent chance that they could be players ahead of the NBA trade deadline.
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