Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal

Business and Finance Business and Finance

Thu, December 12, 2024

[ Thu, Dec 12th 2024 ] - The Financial Express

Elon Musk shatters records: First person to cross .. billion net worth as business and politics align

[ Thu, Dec 12th 2024 ] - THE WEEK

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[ Thu, Dec 12th 2024 ] - oufc.co.uk

Oxford United Partners With David Lloyd Clubs As Official Fitness Partner

[ Thu, Dec 12th 2024 ] - Indiatimes

Guava vs apple: Which one is healthier and why

[ Thu, Dec 12th 2024 ] - Seeking Alpha

VT: Simple Low-Cost Diversification

[ Thu, Dec 12th 2024 ] - MSN

Indian retailers state that introduction of a 35% .. ing-based rate structure will have adverse impact

[ Thu, Dec 12th 2024 ] - MSN

What Men in Love Really Want You to Know

[ Thu, Dec 12th 2024 ] - ABC

The Paris Olympics organizers say the event was far less polluting than recent Games

[ Thu, Dec 12th 2024 ] - MSN

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[ Thu, Dec 12th 2024 ] - MSN

50 Cent Trolls Jay-Z Amidst Serious Allegations: A Social Media Storm

[ Thu, Dec 12th 2024 ] - Tuko

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[ Thu, Dec 12th 2024 ] - UPI

White House hosts first-ever women's health research conference

[ Thu, Dec 12th 2024 ] - SciTech Daily

Unlocking Space Secrets: How ISS Research Is Transforming Health and Robotics

[ Thu, Dec 12th 2024 ] - MSN

US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products

[ Thu, Dec 12th 2024 ] - MSN

Zomato QIP, Swiggy IPO to Reliance Industries: Where did mutual funds invest most in November?

[ Thu, Dec 12th 2024 ] - MSN

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[ Thu, Dec 12th 2024 ] - MSN

Italy's Meloni meets with the King and Queen of Spain

[ Thu, Dec 12th 2024 ] - Couriermail

Peter Dutton to 'work with the state government' .. remove Indigenous flag from Sydney Harbour Bridge

[ Thu, Dec 12th 2024 ] - MSN

Novina Pillay joins DA: Reshaping opposition politics ahead of 2026

[ Thu, Dec 12th 2024 ] - MSN

Watch: A man smiles for the camera after seeing a lady take a video of him

[ Thu, Dec 12th 2024 ] - MSN

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[ Thu, Dec 12th 2024 ] - pinkvilla

Dhanush pens a birthday note for ex-father-in-law .. nd superstar Rajinikanth; calls him 'my thalaiva'

[ Thu, Dec 12th 2024 ] - Hindustan Times

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[ Thu, Dec 12th 2024 ] - Business Insider

Tesla stock is suddenly crushing the rest of the .. re 4 things going right for Elon Musk's carmaker.

[ Thu, Dec 12th 2024 ] - The Scotsman

'Surprises' ahead - How AI and Net Zero will transform three Scottish cities by 2050

[ Thu, Dec 12th 2024 ] - Business Standard

Harish Shekar to take over as CFO of Siemens Energy Business from Jan 1

[ Thu, Dec 12th 2024 ] - Associated Press

European Central Bank likely to cut rates while weighing US trade concerns and France's chaos

[ Thu, Dec 12th 2024 ] - Athlon Sports

Taylor Swift Reacts to Selena Gomez's Engagement

[ Thu, Dec 12th 2024 ] - MSN

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[ Thu, Dec 12th 2024 ] - Indiatimes

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[ Thu, Dec 12th 2024 ] - Daily Express

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[ Thu, Dec 12th 2024 ] - Business Today

Value Traps vs Value Stocks: How to Spot the Difference

[ Thu, Dec 12th 2024 ] - India TV

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[ Thu, Dec 12th 2024 ] - MSN

Mayor and council seats expected to see pay raise .. n hopes to motivate youth into running for office

[ Thu, Dec 12th 2024 ] - MSN

South Korean parliament impeaches police chief and justice minister over martial law

[ Thu, Dec 12th 2024 ] - Business Standard

Bajaj Housing Finance shares decline 6% as 3-month anchor lock-in ends

[ Thu, Dec 12th 2024 ] - THE WEEK

How Assad's dictatorial regime rose and fell in Syria

[ Thu, Dec 12th 2024 ] - MSN

'We don't stock that sort of book': Woman who sel .. published story for autistic son inspires TV show

[ Thu, Dec 12th 2024 ] - Press Gazette

UK's biggest online publishers: Reddit growing fast, Mail sees sharp traffic drop

[ Thu, Dec 12th 2024 ] - FOX59 News

Brandi Glanville spending 'all of my money' looki .. swers to mystery illness that left her disfigured

[ Thu, Dec 12th 2024 ] - MSN

Health Horoscope Today December 12, 2024: Be gentle with yourself

[ Thu, Dec 12th 2024 ] - MSN

Virat Kohli finds cure to outside off-stump weakn .. cern over Jasprit Bumrah's fitness for Gabba Test

[ Thu, Dec 12th 2024 ] - MSN

10 MIN FULL BODY STRETCH - Improve Mobility and Flexibility

[ Thu, Dec 12th 2024 ] - dailyguidenetwork

Trotro Kills KNUST Student

[ Thu, Dec 12th 2024 ] - MSN

UN General Assembly demands ceasefire in Gaza and backs UN agency helping Palestinian refugees

[ Thu, Dec 12th 2024 ] - MSN

Steve Bannon warns GOP Congress will give wealthy and corporations 'massive' tax breaks

[ Thu, Dec 12th 2024 ] - The Globe and Mail

Should You Buy This AI Stock Under $20 on Its Nvidia Partnership?

[ Thu, Dec 12th 2024 ] - MSN

Farage makes shock prediction about fate of Tory party and it's not good news for Kemi

[ Thu, Dec 12th 2024 ] - MSN

PNG asylum seekers stripped of government-provided housing and healthcare under new deal

[ Thu, Dec 12th 2024 ] - The Rolla Daily News

Business Finance Brokers vs. Banks: Which Option Is Best for Your Business?

[ Thu, Dec 12th 2024 ] - MSN

Area Senators discuss infrastructure and economic growth in region

[ Thu, Dec 12th 2024 ] - Arutz Sheva

A perverse alliance between Western Leftists and murderous Jihadis

[ Thu, Dec 12th 2024 ] - Independent Online

2024 Year in Search reveals South Africa's online interests and trends

[ Thu, Dec 12th 2024 ] - MSN

Rashmika Mandanna Grateful For All The Love For 'Srivalli' And 'Pushpa 2 The Rule'

[ Thu, Dec 12th 2024 ] - The Daily Star

Selena Gomez and Benny Blanco officially engaged

[ Thu, Dec 12th 2024 ] - Indiatimes

The impact of winter pollution on lung health

[ Thu, Dec 12th 2024 ] - Yahoo Finance

Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio

[ Thu, Dec 12th 2024 ] - MSN

South Korean president says martial law was an act of governance and denies rebellion charges

[ Thu, Dec 12th 2024 ] - MSN

New era in Syria: Opposition fighters destroy Hafez al-Assad's tomb, vows security and stability

[ Thu, Dec 12th 2024 ] - MSN

Leinster's All Black star Jordie Barrett can't wait to face old SA foes in URC

[ Thu, Dec 12th 2024 ] - Athlon Sports

Ilona Maher's Empowering Post With a Taylor Swift Twist Has Fans Fired Up

[ Thu, Dec 12th 2024 ] - MSN

Lonza to exit capsules and health ingredients business, focus on contract development

[ Thu, Dec 12th 2024 ] - MSN

'Pray For Long, Healthy Life': PM Modi Wishes NCP Chief Sharad Pawar On His 84th Birthday

[ Thu, Dec 12th 2024 ] - Beef Central

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[ Thu, Dec 12th 2024 ] - MSN

Syria: What Comes After the Despot?

[ Thu, Dec 12th 2024 ] - The Daily Star

ADB gives $100 million loan for Bangladesh infrastructure finance fund

[ Thu, Dec 12th 2024 ] - MSN

Lame-duck Biden threatens to veto bipartisan plan .. would allow Trump to appoint more federal judges

[ Thu, Dec 12th 2024 ] - The Jamaica Observer

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[ Thu, Dec 12th 2024 ] - The Cross Timbers Gazette

Northwest ISD announces expansion of career and technical education options

[ Thu, Dec 12th 2024 ] - MSN

Trump's DOJ secretly obtained records of his FBI .. makers, staffers and media in leak investigations

[ Thu, Dec 12th 2024 ] - MSN

"Meeting Adani is not sin": Tamil Nadu BJP chief Annamalai slams DMK and Congress

[ Thu, Dec 12th 2024 ] - Arabian Business

Apple integrates ChatGPT feature in its new iOS and iPadOS updates

[ Thu, Dec 12th 2024 ] - The Daily Telegraph

This trust is a strong Rothschilds challenger - and it's on sale

[ Thu, Dec 12th 2024 ] - MSN

We need to know whether the drones over New York and New Jersey pose a threat to the homeland

[ Thu, Dec 12th 2024 ] - MSN

ICAI launches research centre in Hyderabad focusing on taxation and governance

[ Thu, Dec 12th 2024 ] - Cyprus Mail

Cyprus Business Now: tax agreement, reputation campaign, housing loan subsidy

[ Thu, Dec 12th 2024 ] - MSN

Iran's supreme leader accuses U.S. and Israel of orchestrating Assad ouster

[ Thu, Dec 12th 2024 ] - businesstech.co.za

Trouble brewing at SA's borders, and big step forward for rail in Cape Town

[ Thu, Dec 12th 2024 ] - TwinCities.com

Mary Ellen Klas: DOGE's best idea yet is permanent daylight saving time

[ Thu, Dec 12th 2024 ] - CNN

Wray's departure will cement Trump's control over the institutions of US justice

[ Thu, Dec 12th 2024 ] - MSN

Juventus vs Man City LIVE: Champions League reaction as Vlahovic and McKennie goals earn fine win

[ Thu, Dec 12th 2024 ] - ABC

Red Bull Arena becomes Sports Illustrated Stadium in 13-year naming rights deal with MLS team

[ Thu, Dec 12th 2024 ] - Reuters

Australia to charge tech companies for news content if they don't pay

[ Thu, Dec 12th 2024 ] - Sydney Morning Herald

Hugh Cornish, Brisbane's 'Mr Television', dies aged 90

[ Thu, Dec 12th 2024 ] - Business Insider

Luigi Mangione update: Suspect in UHC CEO shooting is fighting extradition

[ Thu, Dec 12th 2024 ] - The Irish Times

Meeting the talent challenge crucial for Ireland's economic transition

[ Thu, Dec 12th 2024 ] - The Motley Fool

NextEra Energy: The Power of Dividend Growth Over Yield

[ Thu, Dec 12th 2024 ] - Sportsnet

Bills owner Pegula on Toronto after Carter, McGrady investments: 'That's our market'

[ Thu, Dec 12th 2024 ] - Moneyweb

Appetite for SA exposure stokes buying in JSE's stock

[ Thu, Dec 12th 2024 ] - MSN

San Bernardino's "Paintbrush Program" seeks to beautify storefronts and develop small business

[ Thu, Dec 12th 2024 ] - St. Louis Post-Dispatch

Ex-St. Louis alderman starts lobbying after release from federal prison

[ Thu, Dec 12th 2024 ] - Yahoo

The Most Surprising Things in Sneakers This Year

[ Thu, Dec 12th 2024 ] - The New York Times

Prominent Real Estate Agents and Brothers Charged With Sex Trafficking

[ Thu, Dec 12th 2024 ] - Daily Mail

Sara Sharif's terrifying childhood laid bare: Pla .. y she was born... but given back to killer father

[ Thu, Dec 12th 2024 ] - StamfordAdvocate

Turning dusty attic treasures into cash can yield millions for some and disappointment for others

[ Thu, Dec 12th 2024 ] - Indiatimes

"Haunted houses are far better": Gurgaon woman's .. to serious relationship, sparks disbelief online

[ Thu, Dec 12th 2024 ] - The Victoria Advocate

A new Reveillon menu, holiday pop-ups at 2 Baton Rouge bars and more restaurant news

[ Thu, Dec 12th 2024 ] - MSN

UEFA Champions League stats: Mbappe second after Messi, Muller hits 16

[ Thu, Dec 12th 2024 ] - MSN

NFL to consider face-mask calls, illegal hits subject to instant replay

[ Thu, Dec 12th 2024 ] - The Straits Times

Britain's LTA to ban transgender women from some female events

[ Thu, Dec 12th 2024 ] - Athlon Sports

NFL Reporter Laura Rutledge's ESPN Outfit Captures Attention

[ Thu, Dec 12th 2024 ] - The Daily Star

Chanchal Chowdhury slams false house arrest rumours spread by Indian media

[ Thu, Dec 12th 2024 ] - Indiatimes

Christmas brain teaser: Only a genius can find all the snowflakes

[ Thu, Dec 12th 2024 ] - Indiatimes

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[ Thu, Dec 12th 2024 ] - Mid Day

Delhi doctors remove 9.2 kg tumour from woman's ovary in surgery lasting more than 10 hours

[ Thu, Dec 12th 2024 ] - Indiatimes

Yellow or Clear Phlegm? What the color of your snot really means

[ Thu, Dec 12th 2024 ] - Yahoo Finance

Western Alliance CEO to Take Leave of Absence for Bypass Surgery

[ Thu, Dec 12th 2024 ] - The Hindu

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

[ Thu, Dec 12th 2024 ] - Yahoo Finance

Bank of America Taps Adviser for Potential London Office Move

[ Thu, Dec 12th 2024 ] - NOLA.com

New Orleans makes moves to demolish Plaza Tower, the city's 'most wanted' eyesore

[ Thu, Dec 12th 2024 ] - 9NEWS

Someone withdrew $420 from her account, but the bank refused to call it fraud

[ Thu, Dec 12th 2024 ] - https//businessofhome.com

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[ Thu, Dec 12th 2024 ] - Bloomberg L.P.

Commerzbank to Assign More Employees to Branches in Revamp

[ Thu, Dec 12th 2024 ] - BBC

Elon Musk's Tesla lobbied UK to charge petrol drivers more

[ Thu, Dec 12th 2024 ] - BBC

S Korea's President Yoon vows to 'fight to the end'

[ Thu, Dec 12th 2024 ] - MSN

Transgender women barred from many UK events, excluding majors

[ Thu, Dec 12th 2024 ] - WLOX

Shuckers pitcher Shane Smith selected by White Sox in Rule 5 Draft

[ Thu, Dec 12th 2024 ] - Business Today

'Entirely incorrect': PM's advisor Shamika Ravi s .. s never received money directly from George Soros

[ Thu, Dec 12th 2024 ] - Buffalo News

Hamburg IDA opposes town's proposed multifamily development moratorium

[ Thu, Dec 12th 2024 ] - Daily Express

This Morning's Ben Shephard gives update on long-term health battle after brutal injury

[ Thu, Dec 12th 2024 ] - Seeking Alpha

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[ Thu, Dec 12th 2024 ] - Sydney Morning Herald

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[ Thu, Dec 12th 2024 ] - Seeking Alpha

Zeta Global: A Value Play Post Omnicom-Interpublic Merger

[ Thu, Dec 12th 2024 ] - Science Daily

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[ Thu, Dec 12th 2024 ] - Seeking Alpha

SWBI: Time To Double Down On Guns

[ Thu, Dec 12th 2024 ] - Science Daily

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[ Thu, Dec 12th 2024 ] - Seeking Alpha

Phathom Pharmaceuticals: The Large Drop Is, Well, Unfathomable

[ Thu, Dec 12th 2024 ] - Science Daily

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[ Thu, Dec 12th 2024 ] - Seeking Alpha

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[ Thu, Dec 12th 2024 ] - brandequity.economictimes.indiatimes

The dawn of Google Willow and how qSAI may revolutionise marketing

[ Thu, Dec 12th 2024 ] - The Fresno Bee

Ex-congressman TJ Cox will plead guilty to federal fraud charges, his attorney says

[ Thu, Dec 12th 2024 ] - Seeking Alpha

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[ Thu, Dec 12th 2024 ] - Seeking Alpha

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[ Thu, Dec 12th 2024 ] - Seeking Alpha

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[ Thu, Dec 12th 2024 ] - Seeking Alpha

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[ Thu, Dec 12th 2024 ] - Bloomberg L.P.

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[ Thu, Dec 12th 2024 ] - MSN

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[ Thu, Dec 12th 2024 ] - Seeking Alpha

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[ Thu, Dec 12th 2024 ] - Business Line

Mahindra Susten's Martial Solen secures ?1,448 crore loan

[ Thu, Dec 12th 2024 ] - Seeking Alpha

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[ Thu, Dec 12th 2024 ] - Trinidad Express Newspapers

UNC stands in Tobago's way again

[ Thu, Dec 12th 2024 ] - Daily Mail

Major national retailer with 850 stores mulls bankruptcy - prompting fears of mass closures

[ Thu, Dec 12th 2024 ] - Insider Monkey

Advanced Micro Devices (AMD) Hit by AI Chip Competition, BofA Downgrades Stock

[ Thu, Dec 12th 2024 ] - The Hindu

South Korean President Yoon defends martial law decree, denies rebellion charges

[ Thu, Dec 12th 2024 ] - The Motley Fool

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[ Thu, Dec 12th 2024 ] - MSN

NY taxpayers could get up to $500 'refund' checks under Hochul plan

[ Thu, Dec 12th 2024 ] - Business Standard

Inventurus Knowledge Solutions IPO opens today: GMP up 32%; Should you bid?

[ Thu, Dec 12th 2024 ] - U.S. News & World Report

What to Know About Bashar Assad, Syria's Fallen Dictator

[ Thu, Dec 12th 2024 ] - Reuters

AI a productivity boost to banks but making money from it is a challenge

[ Thu, Dec 12th 2024 ] - CBS News

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[ Thu, Dec 12th 2024 ] - Sydney Morning Herald

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[ Thu, Dec 12th 2024 ] - The Financial Times

Australia strikes 'rugby diplomacy' deal with Papua New Guinea to counter China

[ Thu, Dec 12th 2024 ] - Business Standard

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[ Thu, Dec 12th 2024 ] - MSN

New Jersey Politican Fakes Spotify Wrapped Results to Champion Bruce Springsteen

[ Thu, Dec 12th 2024 ] - Yahoo

Taylor Swift Marks End of Eras Tour With Photos From Vancouver and a Brief Nod to 'All Too Well'

[ Thu, Dec 12th 2024 ] - MSN

Gut Bacteria Influence Wild Bird's Health and Ornamentation

[ Thu, Dec 12th 2024 ] - The Independent

Missouri introduces 'Donald Trump' bill that make .. legal for people with felonies to run for office

[ Thu, Dec 12th 2024 ] - U.S. News & World Report

Germany's Scholz to Submit Parliament Request to Hold Confidence Vote

[ Thu, Dec 12th 2024 ] - Sydney Morning Herald

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[ Thu, Dec 12th 2024 ] - The Age

Lord Mayor Nick Reece's almost $1m campaign war chest revealed

[ Thu, Dec 12th 2024 ] - The Hindu

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[ Thu, Dec 12th 2024 ] - The Independent

Angela Rayner forces councils to surrender green belt with immediate new housing targets

[ Thu, Dec 12th 2024 ] - Corvallis Gazette-Times

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Wed, December 11, 2024

[ Wed, Dec 11th 2024 ] - MSN

Ty Gibbs' Buffer Period Seems to Be Ending With E .. Through the Roof for the Former Xfinity Champion

[ Wed, Dec 11th 2024 ] - Variety

Paramount Consolidation of U.S. TV and Streaming Distribution Teams Results in Staff Cuts

[ Wed, Dec 11th 2024 ] - The Independent

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[ Wed, Dec 11th 2024 ] - MSN

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[ Wed, Dec 11th 2024 ] - Analytics Insight

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[ Wed, Dec 11th 2024 ] - MSN

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[ Wed, Dec 11th 2024 ] - AOL

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[ Wed, Dec 11th 2024 ] - The New Indian Express

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[ Wed, Dec 11th 2024 ] - MSN

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[ Wed, Dec 11th 2024 ] - MSN

Government refuses to commit to funding major Leicester hospitals transformation

[ Wed, Dec 11th 2024 ] - MSN

Adams County Board approves new board chair and tax levy

[ Wed, Dec 11th 2024 ] - Daily Mail

YouTube reveals truth about claims Luigi Mangione .. posted video saying new details will come 'TODAY'

[ Wed, Dec 11th 2024 ] - Fort Worth Star-Telegram

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[ Wed, Dec 11th 2024 ] - BBC

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[ Wed, Dec 11th 2024 ] - The Royal Gazette

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[ Wed, Dec 11th 2024 ] - USA Today

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[ Wed, Dec 11th 2024 ] - Daily Mail

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[ Wed, Dec 11th 2024 ] - Daily Mail

Ronnie O'Sullivan is BOOED by angry snooker fans .. Scottish Open after making last-minute withdrawal

[ Wed, Dec 11th 2024 ] - The Victoria Advocate

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[ Wed, Dec 11th 2024 ] - KITV

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[ Wed, Dec 11th 2024 ] - Sacramento Bee

Clear Start Tax Shows How $32,000 IRS Debt Was Se .. Down to Only $100 Through This Government Program

[ Wed, Dec 11th 2024 ] - Business Line

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[ Wed, Dec 11th 2024 ] - The Royal Gazette

Bank declines loan repayment amid 'concerns over source'

[ Wed, Dec 11th 2024 ] - Business Line

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[ Wed, Dec 11th 2024 ] - Bloomberg L.P.

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[ Wed, Dec 11th 2024 ] - Business Insider

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[ Wed, Dec 11th 2024 ] - Yahoo Finance

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[ Wed, Dec 11th 2024 ] - The Hindu

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[ Wed, Dec 11th 2024 ] - Mint

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[ Wed, Dec 11th 2024 ] - The Royal Gazette

Fortitude Re's operating subsidiaries achieve Moody's A3 rating

[ Wed, Dec 11th 2024 ] - Business Line

UGRO Capital receives patent for its proprietary credit scoring model

[ Wed, Dec 11th 2024 ] - businessday

FG's expanded digital tax net targets N230bn haul in 2025

[ Wed, Dec 11th 2024 ] - U.S. News & World Report

Inflation Remains a Stubborn Problem as Prices Continue to Rise

[ Wed, Dec 11th 2024 ] - Wall Street Journal

Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal

^{Published on 2024-12-11 23:21:13 - Wall Street Journal}

Macy's has completed its investigation into accounting problems and found that a single employee's mistake and coverup created $151 million in false bookkeeping entries.

Macy's Inc. reported a significant decline in its third-quarter earnings for 2024, with adjusted earnings per share dropping to 15 cents from 21 cents the previous year, missing Wall Street expectations. The company's revenue also fell by 7.1% to $4.86 billion, which was below the anticipated $4.81 billion. This downturn was attributed to a challenging retail environment, with Macy's experiencing a 6.7% decrease in same-store sales, driven by reduced consumer spending on discretionary items like apparel and accessories. Despite these setbacks, Macy's managed to slightly improve its gross margin by 10 basis points to 38.4%, thanks to lower markdowns and reduced freight costs. However, the company's operating income saw a sharp decline of 67% to $100 million, reflecting the broader pressures on profitability. In response, Macy's has been focusing on cost-cutting measures, including layoffs and store closures, while also attempting to pivot towards more profitable segments like beauty and off-price retail through its Bloomingdale's and Bluemercury brands.

Read the Full Wall Street Journal Article at:
[ https://www.wsj.com/business/retail/macys-m-q3-earnings-report-2024-c7363662?mod=retail_news_article_pos5 ]

N@N

Macy's Probe Found Employee Acted Alone in $151 Million Accounting Scandal