(Money magazine) — The ease of investing in a target-date fund doesn’t mean you should just set it and forget it. As discussed in our companion article, The truth behind target date funds, these all-in-one retirement portfolios have a wide variety of strategies, stock bets and costs. So be on the lookout for these three…

    NEW YORK (CNNMoney) — The Department of Justice announced a $731 million settlement Tuesday with online poker companies PokerStars and Full Tilt Poker to resolve bank fraud and money laundering allegations. Full Tilt also resolved allegations that it operated a Ponzi scheme, failing to maintain sufficient funds on deposit for players to withdraw.…

. WASHINGTON (CNNMoney) — Without help from Congress, the U.S. Postal Service is likely to default on a big bill due Wednesday to the federal government — $5.5 billion to prepay health care benefits for retirees. Postal officials have said they’re bracing for default on the payment. They also don’t have the money to make…

NEW YORK (CNNMoney) — As central bankers in Europe and the United States gather this week, investors around the world are wondering what the monetary authorities will do to support the global economy. First up is the Federal Reserve, which kicked off a two-day meeting Tuesday. The European Central Bank’s governing council will hold its…

      (Money magazine) — Target-date mutual funds had all the makings of a classic bull market folly. In the boom years right before the 2008 financial crisis, Congress passed a law that not only encouraged employers to automatically sign up workers to a 401(k) plan but also allowed them to pick the investment…

WASHINGTON | Tue Jul 31, 2012 3:24pm EDT WASHINGTON (Reuters) – The White House said on Tuesday it was starting to get ready for potentially painful year-end spending cuts, and was committed to shielding U.S. military pay from any government budget crunch.   Jeffrey Zients, acting director of President Barack Obama’s Office of Management and Budget,…