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Deal Shakes up Wireless World 1:48 Report

May 7. - Sprint Nextel and Clearwire line up WiMax funding.Sprint Nextel and Clearwire have received the funding to build a nationwide, high-speed wireless internet network based on the emerging WiMax technology.

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Fed keeps rates near zero, but voices some optimism

WASHINGTON (Reuters) - The Federal Reserve on Wednesday voiced guarded optimism the battered U.S. job market was improving, but it repeated a vow to keep interest rates extraordinarily low for "an extended period."

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