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Business
Macy's says employee 'intentionally' hid up to $154M in expenses
Macy's Inc. says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee "intentionally" hid up to $154 million in…
Starbucks has been outclassed by local rivals in China
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Starbucks’ determination to capture the attention of the…
Fiery DHL cargo plane crash in Lithuania seen on video
A DHL cargo plane crashed in Lithuania early Monday while approaching an airport, killing a Spanish crew member and injuring three others on board, officials said.…
Fix financial services culture before softening regulation
Stay informed with free updatesSimply sign up to the UK financial regulationmyFT Digest -- delivered directly to your inbox.The writer is the author of several books on the City…
Tortilla strips recalled over undeclared allergen
A brand of tortilla strips is being recalled in nearly two dozen states over a potentially life-threatening allergen, according to federal health officials. In a notice,…
Kingfisher shares tumble as retailer warns on Budget hit
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Kingfisher shares tumbled on Monday after the owner of…
Macy’s says employee hid more than $132mn in delivery expenses
Stay informed with free updatesSimply sign up to the Retail sectormyFT Digest -- delivered directly to your inbox.Macy’s has delayed the release of quarterly results after the US…
US economists more upbeat, see Trump tax cuts extended: NABE
As President-elect Donald Trump prepares to retake the White House in January, the National Association of Business Economics (NABE) is more optimistic on the outlook for the…
UK air taxi company Vertical Aerospace wins $50mn lifeline from creditor
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK entrepreneur Stephen Fitzpatrick will cede control of…
Americans hosting Thanksgiving to spend 19% more than last year: report
Stubbornly high inflation is continuing to strain the budgets of American households this Thanksgiving, as a new report by LendingTree finds that the costs are up 19% from a…