Business

Business U.S. to fine air bag maker Takata $14,000 per day U.S. to fine air bag maker Takata $14,000 per day
The U.S. government will fine Japanese air bag maker Takata Corp. $14,000 per day for failing to fully cooperate in a long-running investigation of faulty and potentially dangerous air bag inflators.
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.