Macy's Adjusts Profit Forecast Amid Accounting Oversight
5 months ago
In a significant development for the retail sector, Macy's Inc. has revised its full-year profit outlook, attributing the adjustment to an accounting error identified internally. This announcement has stirred concerns among investors and analysts, as the company navigates a challenging landscape marked by fluctuating consumer demand and a competitive market.
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ADM Appoints AT&T’s Lead Counsel to Board Amidst New Accounting Scandals
7 months ago
In a significant strategic shift, Archer-Daniels-Midland Company (ADM), a key player in the global food processing and agricultural services sector, has appointed AT&T’s top legal officer, David McAtee II, to its board of directors. This decision comes on the heels of the company facing renewed scrutiny due to recently uncovered accounting inconsistencies.
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