Macy's loss narrows but outlook falls short

Date: Wed, 11 Nov 2009 12:00:53 -050

Macy's loss narrows but outlook falls short

Macy's reports a third-quarter loss narrower than forecast, helped in
by its 'My Macy's' initiatives to tailor merchandise to local demand,
but shares fall as investors find its fourth-quarter profit outlook
lacking.

E.ON, SAINSBURY, MINERS HELP EUROPE SHARES TO RISE

Results from E.On, Credit Agricole and J Sainsbury help sentiment.

MACY'S INVESTORS PLAY IT HOT AND COLD

Macy's investors are a fickle bunch, as their bearish reading of apparently
robust quarterly results demonstrates.

RETAIL STOCKS RISE; MACY'S DROPS ON FORECAST MISS

The sector's gains are kept in check by shares of Macy's, which
declined after the department-store operator's fourth-quarter outlook
fell short of Wall Street expectations.