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. The person who allegedly hid the money is no longer with the company, the department store operator said Monday morning, ahead of…
California Gov. Gavin Newsom said the state will provide rebates to residents if President-elect Donald Trump’s incoming administration does away with a federal tax credit for electric vehicles. In a news release issued Monday, Newsom said he would restart the state’s Clean Vehicle Rebate Program, which provided financial incentives on…
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 itself as a premium brand. The privately held company, headquartered in Barcelona, plans to open 42 new storefronts in the U.S. by the end of the year…
A federal judge said Monday he may hold an evidentiary hearing next month to help determine whether to approve the sale of conspiracy theorist Alex Jones’ media company to satirical publication The Onion. Bankruptcy Judge Christopher Lopez in Houston clarified the sale, which comes after a Nov. 13 auction, remains…
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. He will leave the position he held first on an interim basis starting in late 2022, and then permanently since early 2023. Michaels CEO Ashley Buchanan will…
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 “cherry-picking” scheme where he improperly favored some clients’ accounts over others when allocating trades. The U.S. Securities and Exchange Commission said that between January 2021 and October…
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 that funded programs for minorities. The nation’s largest employer, which has about 1.6 million U.S. workers, joined a growing list of companies that have stepped back from…
Uruguayans went to the polls Sunday for a second round of voting to choose their next president, with the conservative governing party and the left-leaning coalition locked in a close runoff after failing to win an outright majority in last month’s vote. The staid election has turned into a hard-fought…
Israel says it is investigating after Hamas released photos purportedly showing the body of a female hostage in Gaza. Speaking during his weekly cabinet meeting on Sunday, Prime Minister Benjamin Netanyahu said at this point Israel could not verify the images. “We are in contact with the family, and a…
Four men were convicted in Spain Sunday in connection with the homophobic murder of a 24-year-old nursing assistant that sparked protests in cities across Spain and abroad. Samuel Luiz died in hospital after being assaulted by a group of people outside a night club in A Coruna in the northwestern…