Daily business briefing: Record crowds in stores, online; spending down

December 2, 2013 

A record 141 million people were expected to shop in stores and online over the four-day period that ended on Sunday, up from last year's 137 million, according to the National Retail Federation. However, shoppers, on average, were expected to spend $407.02 during the four days, down 3.9 percent from last year. That would be the first decline since the 2009 holiday shopping season. Learn more at http://www.bnd.com/business. ...


Bank of America will pay $404 million to mortgage buyer Freddie Mac to settle all remaining claims over home loans sold from 2000 through 2009, which includes mortgage-backed investments that soured during the housing crash. Read more at http://www.bnd.com/business. ...


The first Saab sedan is rolling off the production lines in Sweden after a two-and-a-half-year absence. Hong Kong-based National Electric Vehicle Sweden bought Saab out of bankruptcy in September last year and on Monday introduced its first new cars. Find out more at http://www.bnd.com/business. ...


Amazon.com is working on a drone to deliver packages in 30 minutes or less. The online retailer says it will take years to advance the needed technology and for the needed federal Aviation Administration rules and regulations to be created. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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