Business

JetBlue Airways will end service at several cities and reduce flying out of Los Angeles in a move to retrench and focus on stronger markets after years of losing money. The changes will also help the airline cope with the grounding of some of its planes for inspections of their Pratt & Whitney engines, an executive told employees Tuesday. Beginning …

BANGKOK (AP) — Troubled property developer China Evergrande Group says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other violations, as it conducts a deep clean of the troubled financial sector. The company said in a release to mainland Chinese stock exchanges late Monday that its chairman, Hui Ka Yan, was …

NEW YORK (AP) — FTX founder Sam Bankman-Fried’s orchestration of one of history’s largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge. Prosecutors made the recommendation in papers filed in Manhattan federal court in advance of a March 28 sentencing, where …

Former talk show host Oprah Winfrey is leaving WeightWatchers board of directors and donating all of her interest in the company to a museum. Shares of WW International Inc. tumbled more than 23% in Thursday morning trading. Winfrey, who told People magazine in December that she was using a weight-loss medication, has served on the company’s board since 2015. She …

DETROIT (AP) — Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle. Behind the price slowdown is a vastly expanded number of vehicles on dealer lots after years of …

TOKYO (AP) — Asian shares mostly declined Monday, although Tokyo’s benchmark Nikkei 225 index touched another record high in morning trading. The Nikkei 225 gained 0.5% to 39,309.76. Trading was closed in Tokyo for a holiday on Friday. The benchmark surged to an all-time high on Thursday. In currency trading, the dollar edged up to 150.49 Japanese yen from 150.47 …

WASHINGTON (AP) — Inflation has changed the way many Americans shop. Now, those changes in consumer habits are helping bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount stores or …

SAN JUAN, Puerto Rico (AP) — Activists want stricter regulations of short-term rentals in Puerto Rico as the U.S. territory sees a growing number of displaced renters and a spike in housing costs, the Hispanic Federation said in a report Wednesday. The number of units operating as short-term rentals in Puerto Rico jumped to more than 25,000 in 2023 from …

TOKYO (AP) — Japan’s exports surged a stronger than expected nearly 12% in January, helped by robust demand for vehicles, auto parts and machinery. That helped the nation’s trade deficit shrink to 1.76 trillion yen ($12 billion), or about half of what it was a year earlier. Imports, which have been declining on-month for nearly a year, declined 9.6% from …

SAN JUAN, Puerto Rico (AP) — Activists want stricter regulations of short-term rentals in Puerto Rico as the U.S. territory sees a growing number of displaced renters and a spike in housing costs, the Hispanic Federation said in a report Wednesday. The number of units operating as short-term rentals in Puerto Rico jumped to more than 25,000 in 2023 from …