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Federated had reviewed alternatives in New York and New Jersey.
Excluding the charitable contribution and the consolidation costs, Federated would have had net income of $2.
Federated is proud to be a United Way National Corporate Leader, recognizing the company's wide-ranging support for the community.
Additional information regarding shareholder approval of an increase in the number of authorized shares of Federated common stock is included in the preliminary proxy statement that Federated plans to file no later than Wednesday, March 29, 2006, with the Securities and Exchange Commission.
Founded by a librarian for librarians, Serials Solutions helps librarians and patrons at over 1600 libraries worldwide find and use electronic content through its Access & Management Suite (AMS), Full MARC Records service for e-journals, Article Linker - Serials Solutions' comprehensive OpenURL link resolver, Central Search - a powerful federated search engine, and its newest product ERMS - a lifecycle manager for electronic subscriptions.
Additional factors that may affect the future results of Federated are set forth in its filings with the SEC, which are available at www.
Employee contributions totaling $500,000 to either the American Red Cross or Salvation Army will be matched by a contribution from Federated to the David May Employees Trust Fund to benefit associates of Macy's, Foley's, David's Bridal and After Hours Formalwear in Gulf States who have been devastated by the hurricane.
Federated operates more than 450 stores in 34 states, Guam and Puerto Rico under the names of Macy's and Bloomingdale's.
Looking ahead, Lundgren said Federated expects a same-stores sales increase of approximately 2-3 percent in August, along with increases of 3 percent in each of the third and fourth quarters.
Federated Identity allows enterprises and service providers to securely link and exchange identity information across partner, supplier and customer organizations.
Federated, along with other leading retailers such as American Eagle Outfitters and The Children's Place, are at the forefront of a new trend in sourcing--the Unified Buying Process.
Ron Tysoe has made many invaluable contributions to Federated over the years for which we are most appreciative," Lundgren said.

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