Federated Stores Inc. Units: The ailing retailer’s...

Federated Stores Inc. Units: The ailing retailer’s units posted mixed results. Allied Stores Corp. reported a $54.3-million profit in the fourth quarter, its first since it entered bankruptcy reorganization 16 months ago. But Federated Department Stores Inc. reported a $13.2-million loss, giving the retailers a combined profit of $41.1 million. Both were aided by income tax benefits. Not counting those, Allied posted a loss of $54 million and Federated a loss of $42.6 million. A year ago, Allied recorded a loss of $836.8 million, and Federated posted a loss of $1.3 billion. Allied said sales were down 9% to $815.4 million. Federated said its sales also fell 9% to $1.44 billion.