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Federated Reports Loss: The Cincinnati company said it lost $57 million, or 31 cents a share, for its fiscal first quarter because of $83.3 million in expenses from its merger with R.H. Macy & Co. and consolidation of two store divisions, Lazarus and Rich’s-Goldsmith’s. For the same period last year, Federated Department Stores Inc. reported income of $32.2 million, or 25 cents a share. It had expected the loss, and the merger is otherwise going well, Chairman Allen Questrom said. Excluding the one-time expenses, Federated would have lost $6.4 million, or 3 cents a share, for the quarter ended April 29.