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flag Macy's delays earnings report due to a $154 million expense cover-up by a former employee.

flag Macy's has delayed its third-quarter earnings report after discovering that one of its employees hid up to $154 million in delivery expenses over several years. flag The employee, who is no longer with the company, made false entries to cover these expenses. flag This delay, along with weaker-than-expected sales, has caused the company's shares to drop. flag The full quarterly report is now set for December 11.

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