Business

Business openings, closings, and local economic news.

Americans 75 and older are wealthiest age group, Fed survey finds

WASHINGTON (AP) — Bolstered by steady gains in the stock market, families headed by someone aged 75 or older are now America's wealthiest, while the youngest families saw their wealth decline in the past three years, a government report released Friday said.The finding from the Federal Reserve's...

Marcus Chen

BusinessCBS Miami•4h

Dangerous Hurricane Isaias has Florida residents scrambling to prepare, evacuate ahead of storm's onslaught

Hurricane Isaias continues to barrel across the Gulf on a path that could lead to a Florida landfall in a matter of hours, and that has residents rushing to complete preparations before time runs out.People living along the Gulf Coast on the Florida Panhandle are hunkered down or have moved out of...

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Mike Ditka, legendary Bears coach who led Chicago to its only Super Bowl title, dies at 86

CHICAGO (WBBM) Mike Ditka, a football legend who went from a star tight end for the Chicago Bears to its most famous coach to this day, has died at the age of 86. His family confirmed his death in a statement, writing, It is with profound sadness that we announce the passing of our beloved husband,...

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