TheNewsRoom | Today's Big Losers: Macy's, Clearwire

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Today's Big Losers: Macy's, Clearwire

November 11, 2009

Macy's (M) reported improved third quarter results, but said that they expect same-store sales to be down 1 percent to 2 percent in the fourth quarter of 2009, which calculates to down 2.1 percent to 2.6 percent in the second half of 2009. The company's outlook for the fourth quarter is driving shares lower today, with the stock down more than 7%.