A trial gets under way in St. Louis on Monday that could have a big impact on the way companies select 401(k) plans for their employees.
Lockheed Martin is being sued for choosing retirement funds that shortchanged its employees and charged high fees. The case tests the limits of a company's responsibilities to its employees at a time when 401(k) plans have become a central part of the nation's retirement system.
In a mile-long building on the edge of Fort Worth, Texas, an assembly line is taking shape to build the F-35 Joint Strike Fighter. Lockheed Martin, which got the contract to build the jet back in 2001, is slowly cranking up production. It's hard to keep a plane current, when it takes so many years to develop.
But Lockheed's Kevin McCormack says the F-35 is designed to change as technology evolves.