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Jim Sachs, president of Puroast Coffee, the seller of low-acid coffee to grocery chains, is tacking on an extra 90 miles to every business trip he takes to and from his home in Sacramento.

CIT agrees to sell home lending business (Banking Business Review)
CIT Group, a commercial finance company, has agreed to sell its home lending business, consisting of $9.3 billion in assets and related servicing operations, to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion of outstanding debt and other related liabilities.

Business comeback is on track for Oretha Castle Haley (New Orleans Times-Picayune)
Developer and small-business owner Lee Stafford does not mind if his business plan sounds a little half-baked: a neighborhood coffee shop and bakery occupying the front of an old department store that gives its space over to an art house cinema at night, and also can be used as community meeting space.

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