Home Depot drops effort to buy industrial loan company (Atlanta Journal-Constitution)

Home Depot Inc. threw in the towel Thursday on its bid to enter the lending business by taking over an industrial loan company. The Atlanta-based retailer has been trying since May 2006 to get government approval to purchase EnerBank USA, a Salt Lake City company offering home improvement loans. But its application has been held up amid intense political wrangling over the question of whether a …

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