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During the Great Recession, most companies modified their executive travel policies. Eliminating business-class travel, flying at off hours to buy cheaper tickets, using online reviews and social media to find deals and avoiding activities that generate extra fees were just some of the changes implemented in an effort to save money.

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Small business

Bank depositors in Cyprus awakened to a new reality. That country’s government finally reached an agreement with the European Union to receive over 10 billion euros in bailout funds. As part of the agreement, all bank accounts at the countries’ two largest banks that hold over 100,000 euros will suffer significant losses.

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