Business News: Macy's settles employment allegations

Business News

(CBS) - In Business News this morning, Macy's will pay the government $175,000 dollars as part of an agreement to settle allegations.

The retailer is accused of requiring immigrant employees to provide excessive amounts of documents to prove they were eligible to work.

Macy's has also agreed to provide training to its human resources personnel and create a back pay fund to compensate employees.

(CBS) - Mortgage rates haven't been this high since the summer of 2011.

The average rate on a 30 year fixed loan rose half a percent this week to 4 point 46 percent while the rate on a 15 year loan rose to 3 and a half percent.

Rates starting moving up after the federal reserve said it may start scaling back its stimulus program.

Which would bring an end to a long stretch of super low interest rates.

(CBS) - Paula Deen's cooking empire is quickly crumbling.

Target, Home Depot and drug company Novo Nordisk are the latest to join the parade of companies cutting ties with the celebrity chef.

Fallout continues to build from revelations that she used a racial slur.





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