Retirement

Orexigen Therapeutics Inc. said Monday it is in discussions with the Food and Drug Administration about speeding up a regulatory review of Orexigen's obesity drug Contrave.

Diane Braunstein joins Pension Benefit's Quality Management department and Philip R. Langham joins the Benefits and Payment department.

AT&T Inc., the largest phone company in the U.S., on Friday said it is seeking government approval to contribute a stake in its wireless business worth $9.5 billion to the trust that pays pension benefits for its 360,000 retirees.

Verizon Communications Inc. says it will transfer $7.5 billion of its pension plan obligations to The Prudential Insurance Co. of America.

With Baby Boomers continuing to retire, only 17 percent of hiring managers say prospective applicants to fill these positions have the necessary skills and traits, according to the 2012 Job Preparedness Indicator from the Career Advisory Board, established by DeVry University.

More than 56 million Social Security recipients will see their monthly payments go up by 1.7 percent next year.