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More lenders poised to open purse strings

An increasing number of lenders to the commercial real estate sector predict loan production will increase this year, GlobeSt.com reported.

Of the 60 nationwide lenders surveyed by Jones Lang LaSalle (JLL) during the recent Mortgage …

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Job losses in construction sector drag U.S. employment figures

About 75,000 construction workers lost their jobs in January, pushing the unemployment rate in that industry to 24.7 percent.

Though federal stimulus-funded construction activity was helping to keep employment stable in the heavy and civil …

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Google launches social networking product

Sure, you can tweet, but can you Buzz? Google Inc. is tapping its huge network of Gmail users and Web searchers to create a product that it hopes will help it catch up with online …

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UBS claws back $282 million in executive bonuses

Swiss-based UBS AG will withhold approximately $282 million in deferred pay that executives would have received, marking the first time the bank’s bonus claw-back mechanism has been triggered by a loss, Bloomberg reported.

UBS introduced …

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Ticker: Feb. 10

An earthquake with a preliminary magnitude of 4.3 hit Illinois early this morning, officials said. NBC News reported that the quake was centered about eight miles northeast of DeKalb, Ill. It was felt in Chicago, …

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Ticker: Feb. 9



Toyota announced a global recall of more than 400,000 2010 hybrid models, including the Prius, because of problems with their anti-lock braking systems, CNNMoney.com reported. The Prius, the Sai and Lexus HS250h, were all a …

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New Iowa DOT program aims to improve safety

Iowa has adopted a new audit program for intrastate commercial motor carriers which requires all motor carriers operating in the state to display their company or farm operation name and U.S. Department of Transportation (USDOT) …

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Businesses could face unemployment insurance tax hike

Now the country’s unemployment problem isn’t just hurting workers, it’s taking aim at businesses.

In at least 35 states, businesses will be faced with an unemployment insurance tax increase in 2010, in one state’s case …

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Sustainable recovery relies on small businesses

Small businesses are becoming the Achilles heel of the U.S. recovery by limiting growth and job creation, according to Bloomberg News.

Companies with fewer than 500 employees helped lead the economy out of the four …

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Chinese can’t hack, government says

China has closed what it claims to be the largest hacker training website in the country and arrested three of its members, Reuters reported, based on Chinese media reports.

The “Black Hawk Safety Net” Web …