Safeway (SWY +0.5%) plans to use its cash for dividends and debt reduction with M&A on the...

|About: Safeway Inc. (SWY)|By:, SA News Editor

Safeway (SWY +0.5%) plans to use its cash for dividends and debt reduction with M&A on the back burner, according to execs. In comments at the Goldman Sachs Global Retailing Conference, the company also highlighted plans for an IPO of its Blackhawk Network gift card business. (webcast)