@The Guardian World
Largest US department store chain delays release of quarterly earnings report to investigate ‘erroneous accounting entries’Macy’s revealed on Monday that a single employee was responsible for hiding up to $154m in expenses over the course of nearly three years, prompting the company to delay the release of its quarterly earnings report.The US’s largest department store chain, which owns other brands such as Bloomingdale’s and Bluemercury, found so many internal accounting irregularities that they were forced to conduct an independent forensic accounting investigation. Their full quarterly earnings report, originally planned for release on Tuesday, will now not roll out until 11 December. Continue reading...
Largest US department store chain delays release of quarterly earnings report to investigate ‘erroneous accounting entries’Macy’s revealed on Monday that a single employee was responsible for hiding up to $154m in expenses over the course of nearly three years, prompting the company to delay the release of its quarterly earnings report.The US’s largest department store chain, which owns other brands such as Bloomingdale’s and Bluemercury, found so many internal accounting irregularities that they were forced to conduct an independent forensic accounting investigation. Their full quarterly earnings report, originally planned for release on Tuesday, will now not roll out until 11 December. Continue reading...
the Guardian
Macy’s says single employee was responsible for hiding up to $154m in expenses
Largest US department store chain delays release of quarterly earnings report to investigate ‘erroneous accounting entries’
IDF would withdraw entirely from southern Lebanon and Hezbollah pull back its heavy weapons under agreementIsrael’s security cabinet is due to meet on Tuesday to decide on a ceasefire agreement with Lebanon after more than a year of fighting between Israeli forces and the Shia militia Hezbollah, according to reports from the region.Under the deal being considered, the Israel Defense Forces (IDF) would withdraw entirely from southern Lebanon, Hezbollah would pull its heavy weapons north of the Litani River, about 16 miles (25km) north of the Israeli border, and the Lebanese army would move in to provide security in the border zone alongside an existing UN peacekeeping force, during an initial 60-day transition phase. Continue reading...
Olympic gold medalist argues in video that podcaster’s remarks about war in Ukraine is result of Putin-led plotThe podcaster Joe Rogan is “repeating Russian propaganda” about the war in Ukraine, the former world heavyweight boxing champion Wladimir Klitschko charged in remarks on social media, adding that Rogan should invite him on his podcast to discuss the issue “like free men”.“I listen to your latest podcast,” said Klitschko, whose brother Vitali Klitschko was also a world champion boxer and is now mayor of Kyiv. Continue reading...
Sea Story was on diving trip with 31 tourists and 14 crew members when it sent out a distress signalSeventeen people, including a number of British nationals, are missing after a tourist boat on a diving trip capsized in the Red Sea.The Sea Story was carrying 31 tourists from several countries and a 14-member crew when it sent out a distress signal at 5.30am local time, according to a statement from Egypt’s Red Sea governorate. Continue reading...
App planned for public to find emergency shelter in places including underground train stations and car parksGermany is drawing up a list of bunkers that could provide emergency shelter for civilians, the interior ministry has said, at a time of surging tensions with Russia.The list will include underground train stations and car parks as well as state buildings and private properties, a ministry spokesperson said. Continue reading...
Temperatures unlikely to exceed -20C in parts of Canada, while a red weather warning has been issued for Sri LankaAn area of low pressure moving along the US-Canada border has brought heavy snowfall to parts of western Canada at the weekend. A weather warning has been issued for the provinces of Alberta and Saskatchewan for 150-250mm (6-10in) of snow.As the weather system moves, it is expected to bring further snow to eastern parts of the country early this week. Pressure building after the snowfall is expected trap cold air from the north, triggering severe frost. Continue reading...
