NIU_G.Williams 24 run (pass failed), 10:42. NIU_Hampton 16 run (kick failed), 6:55. NIU_T.Johnson 4 run (Woodill kick), 2:23. CMU_Prewitt 3 pass from Glasser (Mattson kick), 13:44. CMU_FG Mattson 40, 6:24. CMU_Prewitt 6 pass from Glasser (Mattson kick), 1:56. NIU_FG Woodill 26, 6:13. RUSHING_Cent. Michigan, Lukes 13-78, M.Bailey 6-28, B.Harris 7-20, Glasser 4-(minus 6), S.Davis 1-(minus 8). N. Illinois, T.Johnson 20-84, G.Williams 6-65, Lynch 6-15, Hampton 2-13, Lampe 2-3, Poe 1-1, Woodill 1-0, Rudolph 1-0, (Team) 2-(minus 2), Barnes 1-(minus 16). PASSING_Cent. Michigan, Glasser 12-25-1-92. N. Illinois, Hampton 19-29-0-169, Lynch 0-1-0-0. RECEIVING_Cent. Michigan, Prewitt 5-37, M.Bailey 2-11, VanTimmeren 2-8, Lukes 1-20, S.Davis 1-9, B.Harris 1-7. N. Illinois, Rudolph 9-97, G.Williams 3-26, McElroy 2-21, Thompson 2-11, Pardridge 2-9, Barnes 1-5. MISSED FIELD GOALS_N. Illinois, Woodill 40.Chiefs are no longer relishing close wins as the stress of the postseason push begins to mount
Texas A&M-CC 109, Prairie View 74(All times Eastern) Schedule subject to change and/or blackouts Sunday, Dec. 29 COLLEGE BASKETBALL (MEN’S) Noon BTN — Indiana St. at Ohio St. 1 p.m. PEACOCK — Penn at Penn St. 1:30 p.m. PEACOCK — Northeastern at Northwestern 2 p.m. BTN — Chicago St. at Illinois PEACOCK — Morgan St. at Minnesota 3 p.m. ESPNU — Buffalo at Temple PEACOCK — NJIT at Washington 4 p.m. BTN — Winthrop at Indiana 6 p.m. BTN — Toledo at Purdue 8 p.m. ACCN — Campbell at North Carolina BTN — W. Kentucky at Michigan COLLEGE BASKETBALL (WOMEN’S) Noon ACCN — Virginia at Notre Dame, Noon SECN — Alabama A&M at Vanderbitl 1 p.m. ESPN2 — South Florida at Rice 2 p.m. ACCN — Louisville at Boston College SECN — Wofford at South Carolina 4 p.m. ACCN — North Carolina at Miami SECN — Texas Rio Grande Valley at Texas 6 p.m. ACCN — Clemson at NC State 10 p.m. BTN — Michigan at Southern Cal HORSE RACING 3 p.m. FS1 — NYRA: America’s Day at the Races IIHF HOCKEY (MEN’S) Noon NHLN — World Junior Championship Group Stage: Switzerland vs. Sweden, Group B, Toronto 2:30 p.m. NHLN — World Junior Championship Group Stage: U.S. vs. Finland, Group A, Ottawa, Ontario 5 p.m. NHLN — World Junior Championship Group Stage: Czechia vs. Slovakia, Group B, Toronto 7:30 p.m. NHLN — World Junior Championship Group Stage: Canada vs. Germany, Group A, Ottawa, Ontario NBA G-LEAGUE BASKETBALL 2 p.m. NBATV — Osceola at Raptors 905 NFL FOOTBALL 1 p.m. CBS — Regional Coverage: N.Y. Jets at Buffalo, Carolina at Tampa Bay, Tennessee at Jacksonville FOX — Regional Coverage: Las Vegas at New Orleans, Indianapolis at N.Y. Giants, Dallas at Philadelphia 4:05 p.m. CBS — Miami at Cleveland 4:25 p.m. FOX — Green Bay at Minnesota 8:20 p.m. NBC — Atlanta at Washington PEACOCK — Atlanta at Washington NHL HOCKEY 8:30 p.m. ESPN — Dallas at Chicago SOCCER (MEN’S) 10 a.m. USA — Premier League: Nottingham Forest at Everton 12:15 p.m. USA — Premier League: Liverpool at West Ham United 12:40 p.m. CBSSN — English League Championship: Leeds United at Derby Country TENNIS 6 a.m. TENNIS — Brisbane-ATP/WTA Early Rounds 6:30 p.m. TENNIS — United Cup: Britain v. Argentina; Brisbane-ATP/WTA Early Rounds; Hong Kong-ATP, Auckland-WTA Early Rounds 6 a.m. (Monday) TENNIS — Brisbane-ATP/WTA Early Rounds The Associated Press created this story using technology provided by Data Skrive TV listings provided by LiveSportsOnTV .
Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday. The company recently discovered the unnamed employee intentionally hid as much as $US154 million ($A236m) in expenses over the course of nearly three years, prompting the retailer to conduct an independent forensic accounting investigation. The employee, whom Macy’s said was no longer with the company, “intentionally made erroneous accounting accrual entries” to hide small package delivery expenses. Macy’s did not say why the employee hid the expenses. Although the questionable expenses were a small fraction of the $US4.36 ($A6.7) billion in delivery expenses Macy’s recognised between the fourth quarter of 2021 through its most recent period, Macy’s found that the errors were significant enough to delay reporting its full quarterly earnings until December 11. Still, the company said there was “no indication that the erroneous accounting accrual entries had any impact on the company’s cash management activities or vendor payments”. So far, the company’s investigation points just to the one former employee. Investigators have not found any other employees who may have participated in the creation of the fake accounting entries. “At Macy’s Inc, we promote a culture of ethical conduct,” Macy’s CEO Tony Spring said in a statement. “While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately, our colleagues across the company are focused on serving our customers and executing our strategy for a successful holiday season.” Accounting issues will do little to soothe investors who have sent Macy’s stock down nearly 20 per cent this year. The accounting problem “raises the question as to the competence of the company’s auditors,” Neil Saunders, retail analyst and managing director at GlobalData Retail, told CNN. “Such things create more nervousness for investors who are already concerned about the company’s performance.” Macy’s released a preliminary earnings report Monday and revealed that quarterly sales slipped 2.4 per cent to $US4.7 ($A7.23) billion because of weakness in its digital channels and cold weather categories as the country experienced its warmest fall on average. The retailer’s decline in sales is “to be expected given that the middle-market isn’t great, and that Macy’s is far from being on the front foot across all of its stores. But it still underlines the fact the company is in overall decline,” Saunders said. The company has identified hundreds of stores it plans to close as part of a turnaround plan. The stores the company plans to keep open performed somewhat better but their sales still fell. Bloomingdale’s fared better — sales at those higher-end stores rose 1.4 per cent. Bluemercury sales rose 3.2 per cent. The 165-year-old retailer in July rejected talks with private investors attempting to take over the company and opted to pursue its own strategy to remake the chain. Shares of Macy’s (M) fell nearly 3 per cent at the open.9 killed in Ethiopia Oromia region attack
Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday. The company recently discovered the unnamed employee intentionally hid as much as $US154 million ($A236m) in expenses over the course of nearly three years, prompting the retailer to conduct an independent forensic accounting investigation. The employee, whom Macy’s said was no longer with the company, “intentionally made erroneous accounting accrual entries” to hide small package delivery expenses. Macy’s did not say why the employee hid the expenses. Although the questionable expenses were a small fraction of the $US4.36 ($A6.7) billion in delivery expenses Macy’s recognised between the fourth quarter of 2021 through its most recent period, Macy’s found that the errors were significant enough to delay reporting its full quarterly earnings until December 11. Still, the company said there was “no indication that the erroneous accounting accrual entries had any impact on the company’s cash management activities or vendor payments”. So far, the company’s investigation points just to the one former employee. Investigators have not found any other employees who may have participated in the creation of the fake accounting entries. “At Macy’s Inc, we promote a culture of ethical conduct,” Macy’s CEO Tony Spring said in a statement. “While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately, our colleagues across the company are focused on serving our customers and executing our strategy for a successful holiday season.” Accounting issues will do little to soothe investors who have sent Macy’s stock down nearly 20 per cent this year. The accounting problem “raises the question as to the competence of the company’s auditors,” Neil Saunders, retail analyst and managing director at GlobalData Retail, told CNN. “Such things create more nervousness for investors who are already concerned about the company’s performance.” Macy’s released a preliminary earnings report Monday and revealed that quarterly sales slipped 2.4 per cent to $US4.7 ($A7.23) billion because of weakness in its digital channels and cold weather categories as the country experienced its warmest fall on average. The retailer’s decline in sales is “to be expected given that the middle-market isn’t great, and that Macy’s is far from being on the front foot across all of its stores. But it still underlines the fact the company is in overall decline,” Saunders said. The company has identified hundreds of stores it plans to close as part of a turnaround plan. The stores the company plans to keep open performed somewhat better but their sales still fell. Bloomingdale’s fared better — sales at those higher-end stores rose 1.4 per cent. Bluemercury sales rose 3.2 per cent. The 165-year-old retailer in July rejected talks with private investors attempting to take over the company and opted to pursue its own strategy to remake the chain. Shares of Macy’s (M) fell nearly 3 per cent at the open.NEW YORK (AP) — Stocks closed higher on Wall Street, sending the Dow Jones Industrial Average to another all-time high. The Dow added 1% Monday to the record it set on Friday. The S&P 500 rose 0.3%, while the Nasdaq composite rose 0.3%. Treasury yields eased in the bond market after President-elect Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury Secretary. Smaller companies can feel a big boost from easier borrowing costs, and the Russell 2000 index of small stocks jumped 1.5%, closing just shy of the record high it set three years ago. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — Wall Street is set to break more records Monday as U.S. stocks rise to add to last week’s gains. The S&P 500 was 0.2% higher, as of 3 p.m. Eastern time, and sitting just below its all-time high set two weeks ago. The Dow Jones Industrial Average added 397 points, or 0.9%, to its own record set on Friday, while the Nasdaq composite was 0.1% higher. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent , a hedge fund manager, to be his Treasury Secretary. Bessent has argued for reducing the U.S. government’s deficit, which is how much more it spends than it takes in through tax and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44% immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.26% Monday and down from 4.41% late Friday. That’s a notable move, and lower yields help make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. That helped stocks of smaller companies lead the way, and the Russell 2000 index of smaller stocks jumped 2%. It’s set to top its all-time high, which was set three years ago. Smaller companies can feel bigger boosts from lower borrowing costs because of the need of many to borrow to grow. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also eased sharply. The Fed began cutting its main interest rate just a couple months ago from a two-decade high, hoping to keep the job market humming after bringing high inflation nearly all the way down to its 2% target. But immediately after Trump’s victory, traders had reduced bets for how many cuts the Fed may deliver next year. They were worried Trump's preference for lower tax rates and higher spending on the border would balloon the national debt. . A report coming on Wednesday could influence how much the Fed may cut rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8% last month from 2.7% in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4%, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. In the stock market, Bath & Body Works jumped 19.1% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday its sales for the latest quarter were in line with its expectations, but it will delay the release of its full financial results. It found a single employee had intentionally hid up to $154 million in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 2.9%. Among the market's leaders were several companies related to the housing industry. Monday's drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 6.2%. Homebuilders, D.R. Horton, PulteGroup and Lennar all rose at least 5.8%. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading around $96,800 after threatening to hit $100,000 late last week for the first time. ___ AP Business Writer Elaine Kurtenbach contributed. Stan Choe, The Associated Press
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AP News Summary at 2:48 p.m. ESTCognex director Anthony Sun sells $1.04 million in stock