U.S. News

Federated Wants To Change Name To Macy's, Trade As 'M'


Federated Department Stores on Wednesday said its shares will trade with the stock symbol "M" on the New York Stock Exchange as of June 1, assuming its shareholders approve changing the retailer's name to Macy's Inc.

The retailer previously said it wanted to change its name to Macy's Group Inc., but it is now choosing Macy's Inc. because the one-letter stock symbol is available on the NYSE.