Charlotte.

• Position: Charlotte

CHARLOTTE--Bank of America will pay Freddie Mae $404 million to resolve all outstanding requests to buy back defective mortgages that it sold Fannie Mae and Freddie Mac between Jan. 1, 2000, and Dec. 31, 2009. The payments will be covered by existing reserves.

WORKING CAPITAL | CHARLOTTE

Employed: 1,085,485

YTD change: 15,533

Index: 113.6

Source: Division of Employment Security, October. Figures are not seasonally adjusted. The index is...