Facility Closures – The News Desk

Clariant Sees Lower Earnings on Bioethanol Plant Closure

6Dec

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World

Clariant Sees Lower Earnings on Bioethanol Plant Closure

Clariant will close a bioethanol plant in Romania and has cut its earnings forecast as a result.The Swiss chemical company said Wednesday that earnings before interest, taxes, depreciation and amortization for 2023 are now forecast to be between 570 million and 600 million Swiss francs ($651.4 million-$685.6 million). The previous target range was CHF650 million to CHF700 million.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

America's Downtowns Are Empty. Fixing Them Will Be Expensive.

22Oct

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World

America's Downtowns Are Empty. Fixing Them Will Be Expensive.

Lonely sidewalks and closed storefronts inspire proposals to recast office districts into neighborhoods where people live, work and raise families.

28Sep

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Health

The Retail Theft Rampage Gets Worse

Target closes nine stores in four states because of crime, as looters run riot in Philadelphia.

UAW Poised to Expand Strike to More Auto Plants

22Sep

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World

UAW Poised to Expand Strike to More Auto Plants

The union would identify the factories Friday morning, barring any last-minute signs of significant movement in labor-contract talks with GM, Ford and Stellantis.

15Jul

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Health

Starbucks Is Stuck on Union Time

The NLRB says an ordinary store closure is illegal retaliation.

H&M Now Wants to Sell You Makeup, Sofas and Crocs

15Jul

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World

H&M Now Wants to Sell You Makeup, Sofas and Crocs

The retailer is moving further beyond its clothing label, doubling down on beauty products, housewares and selling other brands to draw in more shoppers.

David’s Bridal Sale Approved, Keeping Roughly 200 Stores Open

14Jul

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World

David’s Bridal Sale Approved, Keeping Roughly 200 Stores Open

A bankruptcy judge on Friday approved the sale of nearly 200 David’s Bridal stores out of bankruptcy to Cion Investment Corp. In her bench ruling approving the sale Friday, Judge Christine Gravelle with the U.S. Bankruptcy Court in Trenton, N.J., said the transaction, which is set to close next week, would maximize the value for the creditors, while saving thousands of jobs and keeping up to 195 stores open. “Without...