Pulte Homes regroups to amass cash

Pulte Homes is looking to save some money in the next year.

Excerpt:

While the move by Pulte Homes Inc. to invest $10 million and bring 350 employees to Michigan represents good news for the local economy, the decision is part of a larger strategy to cut costs in order to survive.

The Bloomfield Hills-based homebuilder last week announced a consolidation of accounting offices from 26 states into Michigan. On the same day, Pulte announced the end of its 4-cents-per-share quarterly dividend, effective in the first quarter of 2009.

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