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Federal law enforcement officials said Thursday that they stopped a Texas man from carrying out a possible terrorist attack in Houston. "Any day we can publicly say that is a good day," the FBI's Houston field office said on social media. Anas Said, 28, was charged last month with attempting to provide material support to the terrorist group ISIS, according to an indictment filed in U.S. District Court in Texas. "He tried several times to travel to join ISIS and stated he would readily move back to Lebanon if he were released," the documents say. "If they said yes, those are the persons he would kill," the documents say.

Persons: Anas Said, Said, Israel, Abu Muhammad al, Beata Zawrzel, he'd, they'd, Baldemar Zuniga Organizations: ISIS, FBI, U.S ., Consulate, Federal Locations: Texas, Houston, U.S, Lebanon, Washington, Israel, Afghanistan, Iraq

☆ FBI arrests Houston man who allegedly wanted to commit a ‘9/11’ style attack in the US
▼ + stars: | 2024-11-14 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +3 min

CNN —The FBI announced on Thursday the arrest of a Texas man who allegedly created and disseminated ISIS propaganda and wanted to commit a “9/11-style” attack in the United States. According to Houston’s FBI field office, he admitted to offering his home as a “safe sanctuary” to ISIS operators. “He also discussed his efforts to commit violence in the United States, including considering purchasing a gun, researching military recruitment facilities, and scouting one specific location” in Houston, according to the memo. According to court documents, the FBI has been aware of Said’s support of ISIS since 2017, when he ordered stickers related to ISIS. In follow-up interviews, Said told the FBI he no longer consumed ISIS media and propaganda.

Persons: Anas Said, Said, “, ”, Said’s, Israel Organizations: CNN, FBI, ISIS, Prosecutors, Israel Consulate Locations: Texas, United States, Houston , Texas, Lebanon, Houston, Israel, Afghanistan, Iraq, ”

☆ Pharmacy deserts are appearing across U.S. as drug stores closures spread
▼ + stars: | 2024-10-11 | by ( Kevin Williams | ) www.cnbc.com time to read: +12 min

"As long as the big three PBMs go unchecked, more pharmacy deserts will appear," Rochol said. Between 2023 and 2024, independent pharmacies in the CVS Caremark pharmacy network were reimbursed 67.5% higher on average than CVS Pharmacy locations, and 51.9% higher than other chain pharmacies in the state. The CVS spokesman also said that CVS pharmacies are not all serviced by Caremark, working with over 70 different PBMs. "There are unfortunately many factors for pharmacy closures in rural areas, including population declines and the growing use of online pharmacies." But Banas believes the pharmacy deserts will only grow, and lead to an increase the number of apps and digitization.

Persons: Rochol, Miranda Rochol, Health —, —, Joyce Dingman, wasn't, Nickerson, David Nickerson, Tim Wentworth, Greg Lopes, Steven C, Anderson, Colin Banas, Banas, it's, Tamera Hughes, Hughes, Rob Anderson Organizations: FTC, Health, Federal Trade Commission, Aids, Rite Aid, CVS, Walgreens, Cigna, Walgreens Boots, CVS Pharmacy, Caremark, Pharmaceutical Care Management Association, National Community Pharmacists, National Association of Chain Drug, U.S, Congress, Amazon, University's, of Pharmacy, Pharmacists, Aid Locations: United States, PBMs, New Lebanon, Ohio, Dayton, New Lebanon's, Rust, New Lebanon , Ohio, Georgia, NACDS

☆ Voice of Baceprot prepare for Glastonbury debut, metal-mad Indonesia cheers
▼ + stars: | 2024-06-27 | by ( Heather Chen | ) edition.cnn.com time to read: +12 min

“Indonesia is home to the most metal fans in Asia so heavy metal bands love coming to play here,” said Hammersonic CEO Ravel Junardy. Lamb Of God vocalist Randy Blythe performs during Hammersonic in Jakarta, Indonesia on March 9, 2015. Indonesian heavy metal band Death Vomit from Yogjakarta are known for their ferocious and brutal sound. Rajawali IndonesiaGerman metal band Kreator holds up a banner during their performance at the Jogjarockarta festival on January 27, 2024. She first saw them live at a music festival in Singapore back in 2021 and says she is looking forward to their Glastonbury debut.

Persons: Sza, Firda “, ” Kurnia, ”, Marsya, Euis Siti Aisyah, Widi Rahmawati, metalhead –, “, Miikka Skaffari, Firda Kurnia, Tom Morello –, replaying, Malala Yousafzai, VOB, Anthrax, Joko Widodo, Olivia Rondonuwu, Indonesia’s, Sukarno, “ Sukarno, Jeremy Wallach, Suharto, ” Wallach, Metallica, –, Widodo, Metallica’s Robert Trujillo, Jokowi, Metallica's Robert Trujillo, Slipknot, Lamb, God, Ravel Junardy, Randy Blythe, Eddy Purwanto, Dave Mustaine, Corna Irawan, Anas Syahrul Alimi, Anas, “ Dave Mustaine, ” Anas, Kreator, Dougie, Mark LeVine, ” LeVine, LeVine, Faezah Eli Organizations: CNN, Dua Lipa, Coldplay, Jakarta Institute of Arts, Malala, “, ” “, Getty, Western, AFP, Megadeth, Rajawali, Machine, Glastonbury Locations: Indonesia, Britain, Dua, Glastonbury, Indonesian, Damar, Oakland , California, Jakarta, Bay, AFP, ” “ Jakarta, “, West, Southeast Asia, “ Indonesia, Asia, Sweden, Finland, Java, Yogyakarta, Rajawali Indonesia German, Rajawali Indonesia, Surabaya, East, North Africa, Egypt, Singapore, Malaysia, United Kingdom

Voters will decide between a Democratic school board member and a Republican political newcomer in the Bucks County election that could give Democrats a slightly larger advantage in the House. Democrats controlled the House by one vote until Rep. John Galloway resigned in December to become a magisterial district judge. A Republican lawmaker's resignation last week broke the partisan tie, creating a 101-100 Democratic majority until voters in northeastern Pennsylvania select his replacement in another special election on April 23. Even though those signs look good for Democrats, the Democratic Legislative Campaign Committee is spending $50,000 to protect the party’s majority in the chamber. Cabanas has said she is running to represent the working-class district, not necessarily to tilt power closer to Republican control.

Persons: Republican lawmaker's, John Galloway, lawmaker's, Joe Biden, Donald Trump, ’, Jim Prokopiak, Candace Cabanas, Cabanas, I’m, ” Cabanas, Prokopiak, they’ve, ” Prokopiak, “, ___ Brooke Schultz Organizations: — Democrats, Pennsylvania, Democratic, Republican, Democrats, GOP, Republicans, Democratic Legislative, House, Associated Press, America Statehouse News Initiative, America Locations: HARRISBURG, Pa, Philadelphia, Bucks, House, Pennsylvania, Galloway’s district, Bucks County

☆ Cofounders of a grassroots tequila company share how storytelling earned them loyal and engaged customers
▼ + stars: | 2023-10-03 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

This article is part of "Marketing for Small Business," a series exploring the basics of marketing strategy for SBOs to earn new customers and grow their business. Storytelling is ingrained in Nosotros Tequila & Mezcal. Michael Arbanas, a cofounder of Nosotros Tequila & Mezcal. Today, Nosotros products are available in 42 states. Helping consumers understand the motivation behind the company creates an emotional connection, builds loyalty, and distinguishes a small business, Johnson said.

Persons: SBOs, —, Carlos Soto, Michael Arbanas, " Soto, who's, Nosotros, Arbanas, Soto, Matt Johnson, Prince Ghuman Forrester, What's, Johnson Organizations: Small, Service, Los Locations: Costa Rica, Los Angeles, Mexico

☆ Hybrid work might not be the dream scenario for all workers
▼ + stars: | 2023-09-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

A higher share of hybrid workers are stressed or burned out in the past year than fully remote workers, Deloitte found. The recently shared results from the Deloitte survey to Insider were based on nearly 240 fully remote workers, around 350 hybrid workers, and about 460 fully in-person workers and was conducted in April. Just over a third of hybrid workers also felt they didn't really have enough time for wellness, while almost a quarter of fully remote workers felt like this. A quarter of hybrid workers said they felt disconnected from their on-site colleagues compared to 13% of fully remote workers. Similarly, almost a quarter of hybrid workers felt there was ineffective collaboration happening compared to 9% of fully remote workers.

Persons: Deloitte's Jana Arbanas, they're, Jana Arbanas, Arbanas, They've Organizations: Deloitte, Service, US Telecom, Media, Entertainment, Consumer Survey Locations: Wall, Silicon, mhoff@insider.com

"It is the tip of the iceberg publicly of what we used to see privately," Veronica Boquete, who captained Spain at their first World Cup in 2015, told Reuters. In the case of football, the women's team's efforts to combat sexism and achieve parity with their male peers date back nearly a decade. Boquete led a mutiny seeking the resignation of coach Ignacio Quereda after a woeful performance at the 2015 World Cup, the only one his teams reached in nearly three decades. Quereda resigned in 2015 in a statement issued by the federation making no reference to the players' mutiny. Boronat, who interviewed Spain's leading female players for her book "Don't Call Them Girls, Call Them Footballers", said players accused Vilda of micromanaging, such as instructing senior players what to say in interviews.

Persons: Jennifer Hermoso, Jenni, Luis Rubiales, Jenni Hermoso, Veronica Boquete, Boquete, Ignacio Quereda, Quereda, Roser Serra, Mar Prieto, Prieto, Jorge Vilda, Danae Boronat, Spain's, Vilda, Berta Collado, Enrique Cerezo, Carlota Planas, Planas, Boronat, Fernando Kallas, Charlie Devereux, Emma Pinedo, Aislinn Laing, Andrew Cawthorne Organizations: Soccer Football, America, FC Barcelona, Estadio Azteca, Club America, FIFA, MADRID, Spanish, Spain, Reuters, Quereda, men's, Atletico Madrid, Unik Sports Management, Regional, Thomson Locations: Mexico City, Mexico, Spanish, Spain, Cerezo

☆ Mutineers silent as Spain enjoy Women's World Cup triumph
▼ + stars: | 2023-08-21 | by ( Fernando Kallas | ) www.reuters.com time to read: +5 min

Twelve of the 15 players who took part in the mutiny and ended up not making Spain's World Cup squad decided to stay silent, giving no interviews and making no mention of the Women's World Cup on their personal social media accounts. The 15 e-mails from 15 players sent to RFEF President Luis Rubiales demanded radical changes in the team's structure. PLAYERS SILENTReuters tried to contact the players through their agents, who said they will remain silent. However, Spanish agent Carlota Planas, who represents world champions Mariona Caldentey, Cata Coll and four of the players who were left behind -- Pina, Guijarro, Lola Gallardo and Leila Aouhabi -- told Reuters the revolt played a major role in Spain's World Cup success. "Without them and their bravery, surely the RFEF would not have even considered making any improvements at all," Planas said.

Persons: Spain's Misa Rodriguez, Juan Medina, Spain's, Jorge Vilda, Luis Rubiales, Ona, Mariona, Aitana Bonmati, Sandra Panos, Patri, Mapi Leon, Claudia Pina, Carlota Planas, Mariona Caldentey, Cata Coll, Pina, Guijarro, Lola Gallardo, Leila Aouhabi, Planas, Marta Diaz, Manchester United's Lucia Garcia, Diaz, Fernando Kallas, Ken Ferris Organizations: Soccer Football, FIFA, Rights, La Roja, England, Spanish FA, World, League, Reuters, BePlayer Agency, Manchester, Thomson Locations: New Zealand, Spain, Madrid, Sydney, Spanish

☆ Stockholm Wood City: World’s largest ‘wood city’ to be built in Sweden
▼ + stars: | 2023-06-28 | by ( Jacquelyn Palumbo | Jacqui Palumbo | ) edition.cnn.com time to read: +3 min

Singapore, meanwhile, can lay claim to the largest timber building in Asia with a sprawling 468,000-square-foot college campus that opened in May. Now, real estate developer Atrium Ljungberg has announced plans to build the world’s largest “wooden city,” which will be constructed in Sweden’s capital, Stockholm, from 2025. Stockholm Wood City will feature 7,000 office spaces and 2,000 homes in the city’s southeast, and will offer “a vibrant, urban environment with a mix of workplaces, housing, restaurants and shops,” according to a press release. Stockholm Wood City's developers say it will be the largest timber construction project in the world. The first buildings in Stockholm Wood City, which is being designed by architecture firms White Arkitekter and Henning Larsen, are set to complete in 2027.

Persons: Ljungberg, ”, Annica Ånäs, ” Ånäs, White Arkitekter, Henning Larsen Organizations: CNN, Ljungberg, Stockholm Wood, McKinsey Locations: Norway, Switzerland, Australia, Singapore, Asia, ”, Stockholm, Stockholm Wood, Sickla, Sweden, Stockholm Wood City

☆ Brazil's Americanas rushes to produce new financials, strike deal with debt holders
▼ + stars: | 2023-06-22 | by ( Carolina Pulice | ) www.reuters.com time to read: +3 min

Americanas, which filed for bankruptcy protection in January after uncovering 20 billion reais, some $4 billion, in accounting fraud, is now negotiating changes in the plan to win over debt holders who have previously indicated they would reject it. Americanas said in a securities filing it expected to disclose its previous financial information by August 31. With almost 11 billion reais ($2.31 billion) in Americanas debt in hand, the debt holders are considering demanding smaller haircuts than the roughly 70% the restructuring plan calls for and additional compensation for their losses, according to two sources close to the matter. "Most of the (debt) can't be converted into shares - for pension or credit funds, there are legal restrictions, said Adriano Casarotto, a credit manager at Western Asset which holds 300 million reais in Americanas debt. In a statement, Americanas said it remains "committed to its creditors" to build a consensus on its recovery plan and that is still subject to adjustments.

Persons: Americanas, Leonardo Coelho, Adriano Casarotto, Carolina Pulice, Anthony Esposito, Diane Craft Organizations: MEXICO CITY, Americanas SA, Americanas, Western, Thomson Locations: MEXICO

☆ Ex-CEOs at Brazil's Americanas did not make proper accounting disclosures - regulator
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, June 5 (Reuters) - Brazil's securities regulator has accused two former CEOs of retailer Americanas of failing to comply with information disclosure requirements following an investigation into the firm's accounting inconsistencies, the agency said. According to a document from securities regulator CVM made public on Monday, the two ex-CEOs, Sergio Rial and Joao Guerra, also failed to meet other obligations on informing investors. Americanas entered bankruptcy protection in January after uncovering around $4 billion in accounting inconsistencies. Americanas said in a statement that it was monitoring the CVM investigation and hoped any irregularities would be "duly clarified". The company did not mention the accusations against Guerra in its statement and he did not respond to a query via LinkedIn.

Persons: CVM, Sergio Rial, Joao Guerra, Rial, Guerra, Americanas, Andre Romani, Carolina Pulice, Jamie Freed Organizations: SAO PAULO, Thomson

☆ Brazil's Americanas to seek bidders for fruit and vegetable unit
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, May 18 (Reuters) - Brazil retailer Americanas SA (AMER3.SA) said on Thursday it will next week start to seek potential bidders for the acquisition of its Hortifruti Natural da Terra (HNT) business unit. In a securities filing, Americanas said it has hired Citigroup Global Markets Brazil as the financial adviser for conducting the process to sell the unit, which markets fruits and vegetables. Americanas noted, however, it has started "evaluating strategic alternatives for the business, which may involve preliminary contacts with potential interested parties." Co and HNT," Americanas said in the filing. Reporting by Carolina Pulice and Peter Frontini; Editing by David Alire GarciaOur Standards: The Thomson Reuters Trust Principles.

☆ The killing of Americans in a Mexican border city highlights a sinister trend that US policies are making worse
▼ + stars: | 2023-03-30 | by ( Luis Chaparro | ) www.businessinsider.com time to read: +7 min

Initial reports indicated that authorities suspected that the four kidnapped Americans had been confused for Haitian migrants, whose numbers in Matamoros have increased in recent weeks. It also revealed an overlooked trend: the extreme vulnerability of the thousands of migrants who have been stuck in Mexican border towns for the past three years. "We feel like we are being kidnapped inside this city," Fedler Dominic, an Haitian migrant in Matamoros, told Insider in a phone interview. In April 2022, three migrants, including a man from Peru, were kidnapped in Nuevo Laredo, another border city. "You can't basically move from the camp," Manuel Velázquez, a Cuban migrant in Matamoros, told Insider.

☆ A remote worker who starts his job at 7:30 a.m. and takes afternoons off says the schedule 'makes it a lot easier to manage my focus, my energy, and just my overall attitude'
▼ + stars: | 2023-03-26 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Remote workers taking afternoons off are powering a boom in golfing and other leisure activities. Maganas, 60, is one of the many American remote workers powering an afternoon-leisure boom. That type of schedule, which Maganas has had for about 20 years, has become increasingly popular with the widespread adoption of remote work. Research from Nick Bloom, a Stanford University economist who's studied remote work for nearly 20 years, and his colleague Alex Finan tracks a rise in split schedules for those who are remote. For those considering a foray into the split schedule, Maganas recommends giving it a try and seeing whether it affects stress levels.

☆ Brazil's Americanas board to remove top executives after accounting scandal
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, Feb 3 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) said on Friday its board had decided to remove three directors and three executives amid investigations over so-called accounting inconsistencies. Americanas, backed by the billionaire trio that founded investment firm 3G Capital, entered bankruptcy protection last month after disclosing "inconsistencies" in its accounting worth 20 billion reais ($3.88 billion). In a securities filing, Americanas said three directors and three executives had been removed "from all their roles and activities at the company and its subsidiaries." Americanas said it had also removed executives Fabio da Silva Abrate, Flavia Carneiro and Marcelo da Silva Nunes. Americanas added that it has hired a forensic expertise institute and a consultancy to protect company data while its reorganization and legal procedures take place.

☆ Brazilian court orders seizure of emails of bankrupt retailer Americanas
▼ + stars: | 2023-01-26 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +2 min

SAO PAULO, Jan 26 (Reuters) - A Brazilian court has ordered the seizure of all corporate emails of managers and board members from bankrupt retailer Americanas SA (AMER3.SA) sent and received over the last 10 years, according to documents seen by Reuters. Bradesco said it was seeking evidence for potential litigation against Americanas, its managers, and potentially its controlling shareholders over "abuse of power." Americanas' largest shareholders are the billionaire founders of 3G Capital, Jorge Paulo Lemann, Carlos Alberto Sicupira and Marcel Telles. The judge also ordered the seizure of all emails of employees in the finance and accounting division. Americanas is one of Brazil's largest retailers and has been in business for over 90 years.

☆ Bankrupt Brazilian retailer Americanas owes about $8 bln, court finds
▼ + stars: | 2023-01-25 | by ( Gabriel Araujo | ) www.reuters.com time to read: +3 min

SAO PAULO, Jan 25 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) owes a variety of creditors around $8 billion, a Rio de Janeiro court said on Wednesday, providing the most detailed picture yet of the banks and other groups exposed to the company's bankruptcy. The list provided on Wednesday includes roughly 41.2 billion reais ($8.1 billion) in debt, according to the court, which initially did not disclose the names of the creditors. Brazilian banks BTG Pactual (BPAC3.SA), Bradesco (BBDC4.SA) and Santander Brasil (SANB3.SA) - which analysts previously said were among the most exposed - were also listed, with debts of more than 3.5 billion reais each. Earlier this week, Capital International Investors also announced it had reduced its position in Americanas to 4.07% from 7.04%. Shares in Americanas were up 20% to 0.96 real on Wednesday, but still down roughly 90% year-to-date.

☆ Brazilian retailer Americanas reports 7,720 creditors, $8 bln in debt
▼ + stars: | 2023-01-25 | by ( Gabriel Araujo | ) www.reuters.com time to read: +2 min

SAO PAULO, Jan 25 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) reported 7,720 creditors and debt totaling nearly $8 billion within its restructuring process, a Rio de Janeiro court said on Wednesday. Deutsche Bank (DBKGn.DE) topped the list of creditors initially revealed by Americanas, but the German lender later said it had no lending relationship or credit exposure to the Brazilian company. The list provided on Wednesday included roughly 41.2 billion reais ($8.1 billion) in debt, according to the court, which initially did not disclose the names of the creditors. Later, however, Americanas revealed the full list in a securities filing, ranging from small debts with individuals and cities to multibillion-reais debts with banks. Deutsche Bank appeared with a $1 billion debt, but said in an emailed statement that it had no direct exposure to the Brazilian firm.

☆ Brazil's Americanas mulls filing for bankruptcy, shares tank as markets see move as imminent
▼ + stars: | 2023-01-19 | by ( Gabriel Araujo | ) www.reuters.com time to read: +3 min

Americanas said its current cash position stands at 800 million reais ($154.25 million). "The bankruptcy protection is unavoidable and might be one of the largest ever in Brazil, as complex as Oi's one." Oi SA (OIBR4.SA), a telecom firm, filed in June 2016 for Brazil's then-biggest ever bankruptcy protection and only exited it in December 2022. Last week, chief executive Sergio Rial resigned less than two weeks after taking the job citing the discovery of "accounting inconsistencies" totaling 20 billion reais. "Filing for bankruptcy protection is imminent and necessary," said Fernando Ferrer, an analyst at Empiricus Research, noting there could be a "cascade effect" of banks requesting to withhold money from the firm.

☆ Billionaire-backed Americanas files for bankruptcy protection, shares tank
▼ + stars: | 2023-01-19 | by ( Gabriel Araujo | ) www.reuters.com time to read: +4 min

SAO PAULO, Jan 19 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) on Thursday filed for bankruptcy protection, days after uncovering nearly $4 billion in accounting inconsistencies and amid a legal feud with creditors. In the filing, Americanas asks to exclude fintech Ame from the bankruptcy protection, as it is regulated by the central bank, and for authorization to increase its capital. Chief Executive Sergio Rial resigned last week, less than two weeks after taking the job, citing the discovery of "accounting inconsistencies" totaling 20 billion reais. Andre Luzbel, head of variable income at SVN Investimentos, said the bankruptcy protection was unavoidable, noting it would be one of the largest ever in Brazil, "as complex as Oi's one." Oi SA (OIBR4.SA), a telecom firm, filed in June 2016 for Brazil's then-biggest ever bankruptcy protection and only exited it in December 2022.

☆ Minority shareholders denounce Brazil's Americanas for 'multi-billion fraud'
▼ + stars: | 2023-01-13 | by ( Rodrigo Viga Gaier | ) www.reuters.com time to read: +3 min

RIO DE JANEIRO/SAO PAULO, Jan 13 (Reuters) - A group representing minority shareholders on Friday filed a complaint with Brazil's securities regulator against Americanas SA (AMER3.SA) after the retailer uncovered "accounting inconsistencies" totaling 20 billion reais ($3.89 billion). The Abradin association said it was denouncing Americanas for what it called a "multi-billion fraud," while also asking regulator CVM to investigate the retailer's auditor, PwC. Shares in Americanas plummeted more than 75% on Thursday, wiping out 8.4 billion reais in market value, after the company's chief executive Sergio Rial resigned, citing the discovery of inconsistencies. It's not easy to hide 20 billion reais," said Eric Barreto, a professor at Sao Paulo's Insper. Americanas has long been controlled by three Brazilian billionaires who founded 3G Capital.

SAO PAULO/MEXICO CITY, Jan 11 (Reuters) - Brazilian retailer Americanas SA (AMER3.SA) said on Wednesday its chief executive and chief financial officer resigned after the discovery of around 20 billion reais ($3.88 billion) in accounting "inconsistencies." Lojas Americanas CEO Sergio Rial departed less than two weeks after taking the job, when he replaced Miguel Gutierrez. Joao Guerra, a long-time Americanas executive not involved with accounting or financial management, will take over as CEO on an interim basis. The amount of accounting inconsistencies is larger than the company´s net equity, 15 billion reais, said Fabrício Gonçalvez, CEO at Box Asset Management. The amount is also almost twice Americanas' 10.7 billion reais market capitalization, according to Refinitiv data.

SAO PAULO, Jan 12 (Reuters) - Shares in Brazilian retailer Americanas SA (AMER3.SA) fell more than 75% on Thursday after its chief executive officer resigned citing the discovery of "accounting inconsistencies" totaling 20 billion reais ($3.9 billion). Rial attributed the inconsistencies to differences in accounting for the financial cost of bank loans and debt with suppliers. The outgoing CEO said Americanas would likely need a capital increase, though noted he didn't expect a short-term impact from the inconsistencies on its cash position. Analysts at Santander and JPMorgan, who rated Americanas "Neutral" and "Underweight" respectively, also forecast a major negative reaction to the news. PwC, Americanas' auditor, declined to comment on the accounting inconsistencies referred to by Rial.

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