Regulators are to blame for a lack of credit being extended to middle market companies, David Nelsen, CEO of Nelsen Steel Company, told CNBC Friday.
Billionaire businessman Wayne Huizenga expects the stock market to rise between 5 percent and 10 percent over the next 12 months, he told CNBC Friday.
Citigroup has set aside a $200 million fund for small and middle-size businesses to jumpstart lending, the bank’s CEO Vikram Pandit told CNBC Wednesday.
Businesses will be able to depreciate 100 percent of the cost of capital goods on their 2011 taxes, for equipment bought and placed in service between September 8, 2010 and December 31, 2011. That's up from 50 percent accelerated depreciation in 2010, and applies to property that is depreciated over 20 years or less.