Martha Stewart Living Omnimedia said Thursday its first-quarter loss widened from the same quarter last year, with results dragged down by a charge related to syndicating the "Martha Stewart Show."
Martha Stewart's profit shot up more than fivefold in the fourth quarter from a year ago amid a resurgence across its businesses which range from magazines and TV shows to home fashions.
Federated Department Stores said stronger same-store sales and lower costs boosted fourth-quarter earnings 5% higher. And Chairman and CEO Terry Lundgren told CNBC's Becky Quick that the parent of Macy's and acquirer of May Stores is getting "better and better."