Star power

Macy’s reported higher Q1 profit and 3.8 percent higher sales. Shares closed at $48.57, up 2.5 percent.

Euro groan

The European Union’s statistics office says that the economy of the 17 euro-using countries shrank for a sixth straight quarter, slumping by 0.2 percent in the January-March period from the previous three months.

Never mind

Video-game publisher Activision Blizzard has halted discussions on buying back shares held by parent company Vivendi amid a disagreement on price, people with knowledge of the talks said.

Get used to it

Due to sluggish growth, the unemployment rate may remain above 6 percent for at least another two years, former Fed Chairman Paul Volcker said in New York yesterday.

Bruce is out

Bruce Rosenblum, who was passed over for the top job at Warner Bros. for Kevin Tsujihara six months ago, is quitting, spurring a management realignment at the movie and TV production giant.