Reuters: Macy's cuts 7,000 jobs, shares fall 11 percent

[chris]

Macy's cuts 7,000 jobs, shares fall 11 percent
      
   
      

NEW YORK (Reuters) - Macy's Inc slashed about 7,000 jobs on Monday, cut its quarterly dividend and said it would integrate all its divisions into a single unit as it expects the remainder of 2009 to remain very tough for retail.<div class="feedflare">
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