Retirement Trends

A former Detroit university professor is pledging $5 million and hoping to spark a wildfire of private financial support to protect valuable art from being sold to pay creditors in the city's bankruptcy.

Labor Secretary Thomas Perez wants to revisit DOL redraft "from the ground up," according to Mercer Bullard, founder of Fund Democracy.

Stocks jumped in early trading after the Labor Department said employers added 203,000 jobs last month, greater than the 180,000 economists had forecast.

A study of about 85 percent of state and local retirement plans found assets had grown to $2.67 trillion, while liabilities totaled $3.63 trillion by the end of 2012.

More than nine of 10 Americans say they feel it would be at least somewhat helpful is they were given projections of their retirement income.

The Commerce Department's second estimate of third-quarter growth released Thursday was sharply higher than the initial 2.8 percent rate reported last month.