Retirement Planner: A wake-up call on 401(k) fees

As if it wasn't enough to have politicians like Elizabeth Warren fighting for the 'little guy' with new consumer protection legislation, the U.S. Supreme Court has just handed 401(k) participants the heavy artillery they have long deserved for improving investment performance.  
Three nationwide credit reporting agencies have agreed to fix disputed information on credit reports more quickly, wait longer before adding potentially damaging information on medical debt and scrutinize certain data furnished by outside entities, according to a multistate settlement announced Wednesday.  
 
The U.S. Supreme Court broadened protections of workers' retirements with an important decision that increased the responsibilities of the overseers of corporate 401(k)s, particularly regarding fees charged by mutual fund companies. The court opened the door for employees to sue plan administrators who place retirement funds in high-fee products when cheaper alternatives are readily available.  
 
Ross Stores is joining Wal-Mart Stores, Target Corp. and TJX in the $9-an-hour club.
 
 
SAUL LOEB
Wal-Mart, the nation's largest food retailer, is urging its thousands of U.S. suppliers to curb the use of antibiotics in farm animals and improve treatment of them.  
 
Staff file photo
jrodriguez@mercurynews.com SAN JOSE -- After more than a century, Southern Lumber will close next month, ending a long run as a unique store for furniture makers, carpenters and home builders who favored high-quality wood.  
 
 
( Jeffrey R. Staab )
David Letterman set trashed; Dumpster divers move in

Hours after the 'Late Show' finished taping, the crew began dismantling and throwing away iconic parts of David Letterman's set.