Macy’s Inc. recognized a $3.1 billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The department store retailer also recognized an $80 million long-lived asset impairment charge, according to a first-quarter financial...
Federal prosecutors charged four Chinese intelligence officers on Monday (Feb. 10) with the 2017 cyberattack on credit reporting giant Equifax, which was one of the largest data breaches in history, according to The Wall Street Journal. The Equifax cyberattack exposed the financial data of almost...
Federal prosecutors have hit actress Lori Loughlin, her husband, Mossimo Giannulli, and 14 other parents with additional charges related to the college admissions bribery case. The news comes one day after actress Felicity Huffman, 12 other parents and a coach agreed to plead guilty to their...
The British public relations representative for Najib Razak, Malaysia’s former prime minister, has been charged in absentia in the 1Malaysia Development Berhad (1MDB) scandal, according to a report from Financial Times. Paul Stadlen is accused of laundering about $3.5 million of illicit funds and putting...
October 09, 2023
California will ban junk fees beginning July 1, after the state’s governor signed a bill into law on Saturday (Oct. 7). This move comes in response to growing concerns about the excessive charges that often far exceed the actual cost of the service provided, and it mirrors similar efforts being made on the federal level, […]
July 01, 2020
Macy’s Inc. recognized a $3.1 billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. The department store...
February 10, 2020
Federal prosecutors charged four Chinese intelligence officers on Monday (Feb. 10) with the 2017 cyberattack on credit reporting giant Equifax, which was one of the largest data breaches in history,...
April 10, 2019
Federal prosecutors have hit actress Lori Loughlin, her husband, Mossimo Giannulli, and 14 other parents with additional charges related to the college admissions bribery case. The news comes one day...
