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Macy’s on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.
Further, Macy’s, the beloved department store known for creating and selling affordable, stylish clothing, has a clearance section stacked with stellar deals on name-bran 20 Deals From Macy's ...
The Senate passed the measure 98-0 on November 4, 2009, with an amendment designating the bill the Worker, Homeownership, and Business Assistance Act of 2009. [3] The bill, as passed by the Senate, would give an extra 20 weeks of unemployment benefits to workers in states with unemployment rates over 8.5 percent, but would also give an extra 14 ...
The Unemployment Compensation Extension Act of 2010 ( Pub. L. 111–205 (text) (PDF)) is an American law that was signed into law by President Barack Obama in July 2010. It extends the filing period for unemployment benefits for Americans affected to the serious economic recession of 2007 until November 2010.
The Macy's stores set to close account for less than 10% of its sales, the company said. While adjusted net income and revenue topped Wall Street expectations, Macy's offered a muted outlook for ...
A severance package is pay and benefits that employees may be entitled to receive when they leave employment at a company unwillfully. In addition to their remaining regular pay, it may include some of the following: Any additional payment based on months of service. Payment for unused accrued PTO vacation time, holiday pay or sick leave unless ...
At least initially, the stock market's reaction to the news from Macy's seemed to be positive, or at least neutral. As of 11 a.m., the company's stock was up about 3.5%.
An unemployment extension occurs when regular unemployment benefits are exhausted and extended for additional weeks. Unemployment extensions are created by passing new legislation at the federal level, often referred to as an "unemployment extension bill". This new legislation is introduced and passed during times of high or above average ...