Apparently trying an end-run around an unaccommodating Congress, the financially struggling U.S. Postal Service says it will stop delivering mail on Saturdays but continue to disburse packages six days a week.

Economists say the U.S. island territory is a time bomb with a $37.3 billion unfunded liability, four times Puerto Rico's annual government budget.

Global pension fund assets hit a record high in 2012, climbing 10 percent to a grand total of $16.9 billion, according to Towers Watson tracking.

The California public employee pension plan has launched a new initiative to drive innovative thought leadership throughout the organization.