Federated to Get 'M' Ticker

Federated Department Stores (FD Quote) will begin trading under the ticker symbol "M" on the New York Stock Exchange June 1 assuming shareholders approve changing the company's name to Macy's Inc.

Stockholders will meet May 18 to consider the proposal. Previously, Federated had been planning to change its name to Macy's Group.

"Macy's and Bloomingdale's are leading brands known worldwide," said Terry J. Lundgren, Federated's chairman, president and chief executive. "Changing the parent company name to Macy's, Inc., while trading our shares under the 'M' ticker symbol, will make it simple and clear for all investors to understand we are a brand-driven and consumer-oriented company." ...