Macy’s Discovers Employee Hid Millions in Delivery Expenses

The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.

Top stories - The New York Times - Yesterday

Macy's says an employee hid up to $154 million in delivery expenses

Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.

Macy's Says Accounting Employee Hid Up to $154 Million in Delivery Expenses

The retailer delayed its quarterly results after it said an employee hid up to $154 million in delivery expenses over several years, prompting an investigation.

Business - The Wall Street Journal - Yesterday

Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses

Macy's delayed its results after it discovered an issue related to the reporting of delivery expenses.

Business - CNBC - Yesterday

Macy’s says employee hid more than $132mn in delivery expenses

US retailer delays release of third-quarter results after discovering accounting entries issue spanning past three years

Business - Financial Times - Yesterday

Macy's says employee hid up to $154 million in expenses since 2021

Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years.

Macy’s employee hid up to $154 million in delivery costs, and stock takes a dive

Macy’s identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses during a three-year period.

Business - MarketWatch - Yesterday

Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings

Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue

What Small-Business Owners Should Learn From Macy’s Missing $150 Million

The department store chain had to delay its third quarter financial statements after uncovering ‘erroneous accounting accrual entries’ related to delivery expenses.

Business - Inc. - Yesterday

Chinese Express Delivery Firm Taps Hong Kong Market With Near $800 Million Offering

S.F. Holding, which is already listed on the Shenzhen Stock Exchange, plans to raise as much as $793.0 million by selling 170 million shares.

Business - The Wall Street Journal - November 18

Australian mine company to pay Mali junta $160 million after its CEO and 2 employees were detained

Australia’s Resolute Mining says it will $160 million to Mali’s ruling junta to resolve a tax dispute, more than a week after the company’s CEO and two other employees were detained in the West ...

World - ABC News - November 18

How to watch and stream the Macy's Thanksgiving Day Parade

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Entertainment - ABC News - 6 days ago

Overlooked No More: Margaret Getchell, Visionary Force at Macy’s

As the store’s first female executive, she helped turn it into what it is today, paving the way for other women to hold senior positions in retail.

Business - The New York Times - 36 minutes ago

Walmart’s Founder on Motivating Employees

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Business - Inc. - November 17

Ferrari reiterates guidance as China deliveries fall sharply

Ferrari on Tuesday reiterated guidance that it had increased earlier in the year as the sports-car maker said shipments fell sharply in China.

Business - MarketWatch - November 5

How Super Rich People Get Delivery Of Their Cars

World - Yahoo News - November 6

Moscow to stop gas deliveries to Austria from Saturday

World - Yahoo News - November 15

Yelloh, Formerly Schwan’s Home Delivery, Closes

The frozen food delivery company, known for its yellow trucks, has closed after losing ground to its competitors and renaming itself Yelloh.

Top stories - The New York Times - 4 days ago

Rocky Talkie Mountain Radio Review: Expensive, but Worth It

This secure, durable walkie-talkie is worth the seemingly exorbitant price.

Tech - Wired - November 3

British banks face an expensive motor finance crash

Giving dealers incentives to increase loan interest rates for car buyers could be ruinous for lenders

World - Financial Times - November 8

Water watchdog boss claimed £170 Mulberry wallet on expenses

Alan Sutherland stood down last year after a report revealed lavish spending at the Water Industry Commission for Scotland.

Pant becomes most expensive player in IPL history

Rishabh Pant becomes the most expensive player in the history of the Indian Premier League as he joins Lucknow Super Giants for 27 crore (£2.54m).

Without Steph, Warriors will discover if depth as good as advertised

Without their star superstar, the Golden State Warriors will discover if their depth is as good as originally advertised through training camp and preseason.

Sports - Yahoo Sports - October 28

This ancient tadpole fossil is the oldest ever discovered

Scientists have uncovered the oldest-known fossil of a tadpole that wriggled around 160 million years ago

Tech - ABC News - October 30

H5N1 bird flu virus discovered in pigs

Oregon state and federal officials are investigating positive H5N1 bird flu cases at a farm after the virus was detected in a pig in the U.S. for the first time. USDA National Veterinary Services ...

Politics - The Hill - October 30

Butchered remains of dolphin discovered on New Jersey beach

National Oceanic and Atmospheric Administration investigates discovery of remains of common dolphin. The butchered remains of a dolphin were found on a New Jersey beach, and federal authorities are ...

World - The Guardian - November 4

How I Discovered I Was Stolen at Birth

There could have been as many 50,000 babies trafficked out of Chile between the 1950s and the 1990s.

Top stories - The New York Times - November 7

PSNI not 'rigorous enough' in investigating Simpson death

For several months, Katie Simpson’s death in 2020 was treated by detectives as a suicide.

Scientists say biggest coral in the world discovered in the Pacific

Scientists say they've discovered a "mega coral" three times bigger than the previous record holder - so huge they initially thought it was a shipwreck.

World’s largest known coral discovered in Solomon Islands

Gigantic multicoloured organism is visible from space and has grown for between 300 and 500 years. The world’s largest known coral, visible from space, has been discovered in the waters of the ...

World - The Guardian - November 14

Buying Shoes at Macy's Isn't Fun. Its New CEO Is Trying to Change That.

The retailer is putting fewer styles on shelves and using technology to get shoes out of the stockroom faster.

Business - The Wall Street Journal - November 11

Jennifer Hudson, Kylie Minogue and Billy Porter to perform at Macy’s Thanksgiving Parade

The giant balloons may be flying at the Macy’s Thanksgiving Day Parade, but the stars will be on street

Sports - ABC News - November 14

Why Do We Love the Macy’s Thanksgiving Day Parade So Much?

The nostalgia-fueled production has been the most-watched entertainment program in the United States for the past three years, ahead of the Oscars and the World Series.

Business - The New York Times - 34 minutes ago

Why Tech Employees Are Ready to Revolt

This has been an unprecedented period of unprovoked kicks and unkept promises for workers in the tech industry.

Business - Inc. - October 31

The solution to automation fears: Employee ownership

Employee ownership can empower workers and promote the interests of labor, allowing companies to embrace automation while ensuring shared prosperity.

Politics - The Hill - November 6

Fewer employees say they are thriving: Gallup

Fewer employees say they're thriving, according to Gallup's most recent Life Evaluation Index. Fifty percent of employees say they are thriving, while 45 percent say they are struggling. An ...

Politics - The Hill - November 18

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