| 11. | Federated will use a meat-ax, not a scalpel.
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| 12. | Federated also noted that it may use proceeds to make acquisitions.
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| 13. | Federated also issued an update on its Macy's conversions.
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| 14. | In the end, Federated will have done better than some.
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| 15. | Federated officials couldn't immediately be reached for additional comment.
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| 16. | That's what Pittsburgh's Federated Investors is doing.
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| 17. | On Friday, Federated plans to launch five international stock funds.
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| 18. | Federated bought Broadway last year for $ 575 million in stock.
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| 19. | However, deals with Federated have been known to fall through.
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| 20. | He would not say which mutual funds Federated wants to acquire.
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