Facility Closures

Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last…

Facing pressure to cut all ties with Russia—Ukrainian President Volodymyr Zelensky made another such exhortation this week—some U.S. companies continue to…

Most of Foxconn’s factories in China have been running under a bubble-like system, said Chairman Young Liu on Thursday. The Taiwan-based contract manufacturer…

The pullback also reflects softening foreign demand as high inflation eats into consumer spending in the U.S. and Europe, economists say, underscoring the wider loss of momentum in a global…

SINGAPORE—Activity in China’s services sector fell in April to its weakest level since the early days of the pandemic, according to one indicator, as lockdowns aimed at containing Covid-19…

H&M Hennes & Mauritz HM.B -12.91% AB said store closures in Russia, surging expenses and new Covid-19 disruptions were all…

Black News Channel, a cable news network that went on the air two years ago to provide an alternative look at news from Black Americans’ perspective, is shutting down,…

About 10 minutes into Sunday church services, Visa Inc. V 2.65% Chief Executive Alfred Kelly looked…

TOKYO— Toyota TM -0.02% Motor Corp. plans to shut down most of its plants in Japan for several days next week,…

Chinese rules aimed at stopping a Covid-19 outbreak in the technology hub of Shenzhen have led to production halts affecting at least one Apple…