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CHARLOTTE — American Airlines said it doesn't expect significant disruptions to flights this week as a result of a labor strike at its hub in Charlotte. Service workers at the Queen City's biggest airport walked out Nov. 25 during a busy week of Thanksgiving travel to protest what they say are unlivable wages.
Employees of ABM and Prospect Airport Services authorized the work stoppage. Union spokesperson Sean Keady says the strike is expected to last 24 hours. The companies contract with American Airlines to provide services such as cleaning airplane interiors, removing trash and escorting passengers in wheelchairs.
The companies have acknowledged the seriousness of a strike during the holiday travel season. NEW YORK — Macy's reported weaker-than-expected sales for the third quarter Nov. 25 and said it's delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years.
The department store chain, which also operates Bloomingdale's and Bluemercury cosmetics chain in addition to its namesakes stores, was expected to report quarterly results on Nov. 26. The retailer said Monday that it identified an issue related to delivery expenses in one of its accrual accounts earlier this month.
An independent investigation and analysis found that a single employee with responsibility for small package delivery expense accounting intentionally made erroneous accounting accrual entries to hide roughly $132 million to $154 million of expenses from the fourth quarter of 2021 through the fiscal quarter ended November 2. The company recognized about $4.36 billion of delivery expenses during the same time period.
Macy's said that there's no indication that the erroneous accounting accrual entries had any impact on its cash management activities or vendor payments. The company added that the person behind the conduct is no longer an employee and that the investigation didn't identify involvement by any other worker. Macy's said is it delaying reporting its third-quarter earnings results to complete an independent investigation.
It anticipates reporting its full third-quarter financial results by Dec. 11. ALEXANDRIA, Va.
— The Justice Department and Google have made their closing arguments in a trial alleging Google's online advertising technology constitutes an illegal monopoly. The wrapup in a northern Virginia federal court on Nov, 25 came as Google already faces a possible breakup of the company over its ubiquitous search engine. The Justice Department says it will seek the breakup of Google to remedy its search engine monopoly.
The case in Virginia focuses not on the search engine but on technology that matches online advertisers to consumers on the internet. A judge is expected to rule by the end of the year. DALLAS — The Thanksgiving travel rush is expected to be bigger than ever this year.
AAA predicts that nearly 80 million people in the U.S. will venture at least 50 miles from home between Tuesday and next Monday — most of them by car.
Thanksgiving Day falling so late this year has altered traditional travel patterns. At airports, the Transportation Security Administration says it could screen a record number of U.S.
air travelers on Sunday. Meanwhile, the head of the Federal Aviation Administration says a shortage of air traffic controllers could cause flight delays. Transportation analytics company INRIX says roads could be congested on Monday with both commuters and returning holiday travelers.
SACRAMENTO, Calif. — California could offer state tax rebates for electric vehicle purchases if the incoming Trump administration eliminates the $7,500 federal EV tax credit. Gov.
Gavin Newsom said Nov. 25 Monday he'll propose creating a new version of the state's successful Clean Vehicle Rebate Program, which was phased out in 2023 after funding nearly 600,000 new cars and trucks. Officials didn't say how much the program would cost or how the rebates would work.
Newsom's proposal is part of his plan to protect California's progressive policies ahead of Republican President-elect Donald Trump's second term. But a budget shortfall could complicate California's resistance efforts. OMAHA, Neb.
— Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations Nov. 25, and he offered new details about who will be handing out the rest of his fortune after his death.
Buffett has said previously that his three kids will distribute his remaining $147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it's possible that Buffett's children could die before giving it all away. Buffett said he has no regrets about his decision to start giving away his fortune in 2006.
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