Business

Business Freddie Mac 4Q profit drops sharply, plans to pay dividend Freddie Mac 4Q profit drops sharply, plans to pay dividend
Mortgage giant Freddie Mac posted net income of $227 million for the fourth quarter, down sharply from the same period of 2013, as it sustained losses on the investments it uses to hedge against swings in interest rates.
Business White House: Higher wages needed to make up for stagnation
President Barack Obama's top economists say that even as the U.S. has managed to kick start a lasting and growing recovery, modest wage gains are far from making up for decades of paycheck stagnation for middle-class workers.
Business For many in U.S., cash saved at gas pump is staying in pockets For many in U.S., cash saved at gas pump is staying in pockets
Even though Americans spent $6.7 billion less at gas stations in January than they had two months earlier, the extra cash didn't get spent anywhere else: Retail sales, excluding gas, fell slightly from November to January.
Business Ferris wheel, zip line, inlet eateries eyed in Atlantic City Ferris wheel, zip line, inlet eateries eyed in Atlantic City
Making good on its vow to seek new, non-gambling attractions, Atlantic City has redevelopment plans that include a giant Ferris wheel and zip line on the beachfront next to the Steel Pier, and restaurants, a rebuilt Boardwalk and an elevated walkway in its Inlet neighborhood.
Business U.S. labor official looks to untangle West Coast port dispute U.S. labor official looks to untangle West Coast port dispute
West Coast seaports that were all but shut over the holiday weekend because of a contract dispute are reopening as the nation's top labor official begins his efforts to solve a stalemate between dockworkers and their employers.