Federated eyes Macy's national brand growth after profits rise
Federated Department Stores posts a 59 percent rise in quarterly earnings to 663 million on stronger May acquisition performance and a tax settlement. Revenue reaches 9.57 billion. per share earnings 2.59, or 2.74 excluding acquisition costs. Store sales up 1.1 percent as Macy's rebranding accelerates with September conversions.
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Cincinnati
Federated Department Stores Inc
May Department Stores
Macy
Formance
Federated
Wall Street
Thomson Pinancelas
Bilion
New York Stock Exchange
Lunderen
Tetaller
Anne Macdonald
Citibank
PepsiCo Inc
Experts see spring economy strengthening on January Index
The Conference Board reported its Index of Leading Economic Indicators rose 1.1 percent in January, hinting at robust spring growth. Improvements in six of 100 components, including stock prices and building permits, contributed to the gain, marking a 2.3 percent rise since July 2005.
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New York
Thesday
Conference Board
Ken Goldstein
Associated Press
Doe LaVergna
Deutsche Bank Securities Inc
Fed minutes signal uncertain path for rate policy
Fed policymakers indicated future rate decisions could hinge more on near term economic prospects than on steady strategy as Ben Bernanke prepares to take over. Minutes from the Jan 31 meeting show some firming may be needed to keep inflation in check and the economy on an even keel. Bernanke’s first rate decision looms March 27 28. London court allows extradition of three ex Greenwich NatWest bankers to face U S fraud charges under new terror laws.
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RadioShack shares rise after CEQ resigns
RadioShack shares gained 2 percent to 19.47 on the NYSE after chief executive David J. Edmondson resigned following questions about his resume. Claire Babrowski was named acting CEO as the board accepted the resignation.
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RadioShack Corp
New York Stock Exchange
David J. Edmondson
Edmondson
Claire Babrowski
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