Latest in Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal
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Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say
The department store operator slightly raised its full-year forecast, while still projecting a sales decline.CNBC - 11h -
Macy’s Earnings Report Details Multimillion-Dollar Accounting Error
Analysts see much bigger challenges for the retailer than lax accounting.The New York Times - 15h -
Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal
The retailer found that a single employee’s mistake and coverup created millions of dollars in false bookkeeping entries.The Wall Street Journal - 17h -
US inflation rose to 2.7% in November
Figure matches Wall Street’s forecasts and clears way for Federal Reserve rate cut next weekFinancial Times - 14h -
'Dozens' being investigated over Post Office scandal
Criminal trials aren't expected to begin until 2027, almost 30 years after concerns were first raised.BBC News - 16h -
Business leaders warn Reeves about the impact of her Budget tax rises
Banking, energy and transport executives voice concerns in meeting with UK chancellorFinancial Times - 16h -
Macy's confirms rogue employee hid $151 million in expenses over three years
A rogue employee was responsible for hiding $151 million in delivery expenses over the course of nearly three years, Macy's said Wednesday.NBC News - 17h -
Here’s what one employee hiding money is doing to Macy’s stock and profit view
Macy’s cut its full-year earnings outlook, after making adjustments to reflect the impact of misstated delivery expenses.MarketWatch - 18h -
Bank shares jump after UK court agrees to hear car loans appeal
Supreme Court grants lenders permission to challenge earlier rulingFinancial Times - 20h -
As UnitedHealth shooting puts health insurance in focus, 4 million people could get priced out of coverage if Congress doesn’t act
Inaction on Capitol Hill could soon make healthcare plans more expensive, potentially adding to the country’s uninsured rate amid rising premiums.MarketWatch - 1d -
Car loan scandal victims told to complain to their lender
Aggrieved car buyers who feel they were mis-sold a loan should complain to their lender, MPs hear.BBC News - 1d -
The Far-Reaching Impact of a Soccer Scandal That Led to Relegation
In 2006, Juventus was relegated and stripped of titles. This week, it will play Manchester City, which faces 115 charges from the Premier League.The New York Times - 1d -
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UnitedHealthcare CEO shooting suspect wrote that he acted alone: Report
Luigi Mangione, the suspect charged in the fatal shooting of UnitedHealthcare CEO Brian Thompson, said in a handwritten note he acted alone. Mangione, an Ivy League graduate who was arrested Monday ...The Hill - 1d -
China launches antitrust probe into Nvidia
Move comes as tensions deepen between Washington and Beijing over development of AIFinancial Times - 2d -
Syria's Assad Finds Himself Alone as Enemies Close In
Facing the collapse of his rule, President Bashar al-Assad sought help from his backers in Russia and Iran. He came away empty-handed.The Wall Street Journal - 4d -
Alone and broke against a renewed insurgency, is Assad's rule about to collapse?
The last time Syrian President Bashar Assad was in serious trouble was 10 years agoABC News - 4d -
Counting the cost of bowling alone
Malign neglect of social capital sowed the seeds of many of our largest problemsFinancial Times - 5d -
NFL ends probe of Watson in latest assault case
The NFL has ended its review of sexual assault allegations levied against Browns quarterback Deshaun Watson in September, a league spokesperson told ESPN.ESPN - 5d -
Colombia finance minister resigns amid corruption probe
Ricardo Bonilla, the second person to hold the post under President Gustavo Petro, will be replaced by his deputyFinancial Times - 6d -
How damaging is the Gregg Wallace scandal for the BBC?
Culture editor Katie Razzall explores what the allegations against the MasterChef host mean for the corporation.BBC News - Dec. 4 -
Covid corruption commissioner starts fraud probe
Tom Hayhoe's first task will be reviewing the £8.7bn of pandemic PPE that had to be written off.BBC News - Dec. 2
