Monday, Sparton Corp. (SPA) announced it would idle on or about March 31, and subsequently close its London, Ontario, Canada, facility. The closure will be substantially complete by April 30. The closing is in response to market and economic conditions that have resulted in the facility being underutilized because of significantly decreased customer volumes. Twenty-four salaried and 63 hourly employees are affected due to the shut down.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.