Home Depot to cut 7,000 jobs, close Expo chain (AP)

In this Nov. 18, 2008 file photo, a semi hauling a load of lumber pulls through The Home Depot store parking lot in Ankeny, Iowa. Home Depot Inc. said Monday, Jan. 26, 2009,  it's cutting 7,000 jobs and closing its smaller Expo chain as the recession continues to batter the nation's housing market.  (AP Photo/Charlie Neibergall, File)AP – Home Depot Inc. plans to eliminate 7,000 jobs while shutting down its smaller home improvement brands as the recession continues to batter the nation’s housing market. Its shares climbed more than 5 percent in morning trading.

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