May 23 (UPI) -- President Donald Trump announced Friday afternoon that U.S. Steel and Nippon Steel will form a "planned partnership," keeping the American company's headquarters in Pittsburgh rather than in Japan.

WASHINGTON : U.S. President Donald Trump appeared to give his approval to Nippon Steel's $14.9 billion bid for U.S. Steel on Friday, saying the "planned partnership" between the two would create jobs and help the American economy.Shares of U.S. Steel soared 21 per cent as investors interpreted the post on