Business News

Business Nearly 40 percent of Walmart's U.S. workers to get pay raises Nearly 40 percent of Walmart's U.S. workers to get pay raises
Hoping to shed its reputation for offering little more than dead-end jobs, Wal-Mart, the nation's biggest private employer, is giving raises to nearly a half-million workers and offering what it says are more opportunities for advancement.
Business Wal-Mart beats 4Q profit forecasts Wal-Mart beats 4Q profit forecasts
Wal-Mart Stores Inc. reported a 12 percent increase in profit for the fourth quarter as sale for the critical holiday shopping season perked up amid lower gas prices and an improving economy.
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 Are Millennials really taking over the workplace? Experts weigh in Are Millennials really taking over the workplace? Experts weigh in (Video)
Millennials are the fastest growing generation in the workforce today, and the emergence of generation "Y," born between 1980 and 1995, is changing the face of the modern business environment. Millennial experts Jason Dorsey and Adam Rogers join the morning show and discuss the growth of the newest segment of the workforce today.
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.