Here’s our daily wrap for Wednesday, January 8th:

Macy’s will be closing 5 stores and cutting 2,500 jobs in an effort to save $100 million a year. With the cut, Macy’s will still continue to employ 175,000 people and the company is not struggling. The retailer’s sales were up 4.8 percent in November and December versus’ last year’s sales.

Lindsay Lohan tweeted to fans that her laptop was stolen from her while at a Shanghai airport. The device reportedly contains nude photos of Lohan and the actress is eager to get it back. But the star has since deleted the tweet which offered a reward for the return of the laptop.

Actor Jimmy Fallon credits Lorne Michaels, creator of SNL, for his success and also for his help with life questions. Fallon use to star in SNL before he started hosting Late Night. Now the star will be hosting the Tonight Show in place of Jay Leno starting next month.

Khloe Kardashian and Lamar Odom are in a custody war over their puppy Bernard. Until the two settle their differences Kardashian gave the puppy to her assistant. Odom will continue fighting to see their dog but Kardashian says she won’t allow it until Odom is sober.