While you were sleeping Shares of Macy's jump

Wed, 13 Nov 2013

By Margreet Dietz Nov. 14 (BusinessDesk) - Shares of Macy's soared, last up 9.5 percent, after the department store chain reported third-quarter profit that exceeded expectations and expressed confidence about the outlook. “Our business improved during the quarter, with particular strength in October, so we are entering the fourth quarter with confidence," Terry Lundgren, chairman, president and chief executive officer of Macy’s, said in a statement. The fourth quarter includes the all-important holiday season. "They're in good shape," Edwa...

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