Federated exceeds forecast for quarter

Article Abstract:

Federated Department Stores Inc. posted an improvement of 28% in earnings for the second-quarter of 1999. The company reported $137 million (127.5 million euros) in earnings for the period. During the same period in 1998, Federated reported $107 million in earnings. The results amount to 61 cents per diluted share over 47 cents per share in the 1998 period.

Macy's Inc.

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Federated to cut 25% of jobs at Fingerhut to halt losses

Article Abstract:

Federated Department Stores Inc. announced that it will layoff almost 25% of its Fingerhut catalog unit workforce. Federated also said it would assume restructuring charges of up to $100 million (117.1 million euros).

Labor force information, Financial management, Mail Order Houses, Electronic Shopping and Mail-Order Houses, Catalog and mail-order houses, Mail-order industry, Mail order business, Fingerhut Corp., FHT

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Federated Income increases 2.3%, beating forecasts

Article Abstract:

Federated Department Stores Inc. posted a 2.3% rise in its net income for the fiscal 2000 first-quarter. The company's figures were higher-than-expected.

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