Daily business briefing: Macy's cutting 2,500 jobs

January 9, 2014 

Macy's has announced it will cut 2,500 jobs. The St. Louis Business Journal reports that the Cincinnati-based chain will also close five stores. Find out more at http://www.bnd.com/2014/01/08/2995005/macys-cutting-2500-jobs-in-reorganization.html ...


For the second time since 2012, Ford is raising the quarterly dividend it pays shareholders. The board has declared a first-quarter dividend of 12.5 cents per share, a 25 percent increase from the previous 10-cent payout, to be paid on March 3. Read more at http://www.bnd.com/business. ...


IBM is investing over $1 billion to give its Watson supercomputer its own business division in New York City. Since Watson's TV appearance on the game show Jeopardy!, IBM has been developing the supercomputer for industries ranging from health care to banking. Learn more at http://www.bizjournals.com/stlouis. ...


The Labor Department has reported that 15,000 fewer Americans filed for unemployment benefits last week than the previous week. For more information, go to http://www.bizjournals.com/stlouis.

-- Will Buss, BND business writer

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