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Comcast to offer wireless Internet service

PHILADELPHIA — Comcast Corp. will become the first major cable TV operator to roll out wireless broadband outside of Wi-Fi hotspots as it launches the service in Portland, Ore., on Tuesday, with at least three other cities to follow this year.

May incomes surge, but savings outpace spending

WASHINGTON — Households pushed their savings rate to the highest level in more than 15 years in May as a big boost in incomes from the government's stimulus program was devoted more to bolstering nest eggs than increased spending.

AIG moves to spin off two units, reduce US debt

NEW YORK — American International Group Inc. said Thursday it will reduce outstanding U.S. loans by $25 billion by giving the government a preferred stake in two units that will be spun off from the insurance giant.

Young civil rights activist named Elmhurst College trustee

The Elmhurst College board of trustees recently added a new member to its ranks. Effective July 1, Lamell McMorris will join the College’s board for a three-year term.

Your Money Really Matters: Financial Independence Day

Independence Day 2009 will be a time of national celebration. According to a recent Harris Poll, “The stars and stripes, Statue of Liberty and the national anthem are the three top symbols of the United States.” Freedom, democracy and financia

AARP to increase Black, Latino membership

WASHINGTON – As the American population continues to brown, an increasing number of organizations are making calculated strides in an effort to ensure that the diversity of their membership mirrors the diversity of the nation. AARP, the premier advo

Oil prices waver on dour economic outlook

COLUMBUS, Ohio — Crude prices wavered Tuesday with more stark predictions of a long and painful downturn for the global economy.

Carnival reports 32 percent drop in 2Q profit

NEW YORK — Carnival Corp. reported a better-than-expected second-quarter profit Thursday, as the cruise operator continued to cut costs and began to lift prices from bargain-basement levels.

Democrats pledge quick U.S. banking overhaul

WASHINGTON — President Barack Obama's plan to transform the Federal Reserve into a super-regulator ran into skepticism Thursday from lawmakers who worry that the central bank is not the best choice for the job.

Natural gas prices fall with industry still weak

NEW YORK — A three-week rally in natural gas prices paused Thursday after the government reported a huge build in supplies, more evidence of a severely weak industrial sector.
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