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

    by November 26, 2024
    November 26, 2024

    Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the…

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  • Economy

    U.S. charges former Wamco executive Kenneth Leech with fraud

    by November 26, 2024
    November 26, 2024

    Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was charged by U.S. authorities on Monday with running a fraudulent…

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  • Economy

    Walmart pulls back on DEI efforts, removes some LGBTQ merchandise from website

    by November 26, 2024
    November 26, 2024

    Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a nonprofit…

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  • Economy

    Spanish retailer Mango to open 60 new U.S. stores as it looks to elevate the brand

    by November 26, 2024
    November 26, 2024

    Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position…

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  • Economy

    Kohl’s CEO Tom Kingsbury to step down and be replaced by Michaels CEO Ashley Buchanan

    by November 26, 2024
    November 26, 2024

    Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15.…

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  • Economy

    SEC issues summons for Gautam Adani, nephew on bribery allegations

    by November 25, 2024
    November 25, 2024

    The U.S. Securities and Exchange Commission has issued a summons to Indian billionaire Gautam Adani, indicted on U.S. bribery allegations related to a bombshell federal indictment…

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  • Economy

    Can Starbucks fix long lines at its airport cafes?

    by November 25, 2024
    November 25, 2024

    Air travelers face a host of headaches on their journeys: slow security lines, long waits for plush lounges, the threat of delays or cancellations — and the airport Starbucks.…

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  • Economy

    ‘Wicked’ tallies $19M in previews, as ‘Gladiator II’ team-up heads for $200M opening weekend

    by November 24, 2024
    November 24, 2024

    The box office this weekend will be painted pink and green, with a splash of red. Universal’s “Wicked” and Paramount’s “Gladiator II” arrive ahead of the…

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  • Economy

    Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival

    by November 24, 2024
    November 24, 2024

    Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. The new…

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  • Economy

    India’s 2nd-wealthiest person charged by U.S. in $250 million bribery scheme

    by November 22, 2024
    November 22, 2024

    U.S. prosecutors have charged Gautam Adani, India’s second-richest person, with fraud over accusations that he and several alleged co-conspirators sought to pay $250…

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