Loosening of Cuba embargo could mean huge possibilities for US ...

Airline flights. Phone service. Money transfers.

Those are among enticing new or expanded business opportunities seen ahead for American companies with Monday's loosening of the U.S. embargo with Cuba.

"This is a big deal; it's a significant change in U.S. policy," said former Ambassador David A. Gross, the U.S. coordinator for international communications and information policy and a partner at law firm Wiley Rein.

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