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July 3 (Bloomberg) -- 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 to sell home lending business for $1.5 billion (Reuters via Yahoo! News)
Commercial lender CIT Group Inc agreed to sell its home lending business to private equity firm Lone Star Funds for $1.5 billion in cash to increase liquidity, and will take a related second-quarter charge of $2 billion.

CIT dumps home-loan business (The Star-Ledger)
Now that CIT Group has sold its subprime home-loan business, the commercial lender might next try to sell its railroad leasing business, which provides financing for rail cars, analysts said yesterday.

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