News and Finance

JetBlue will purchase the towers once used by Verizon Communications Inc. for its now defunct in-flight calling service, a JetBlue spokesman said Monday.
A Verizon (VZ, Fortune 500) unit, Airfone, operated a network of seat-back phones on several commercial airlines, but shut down that business in 2006, after the spectrum it used was reauctioned by […]

The chief executive of Toll Brothers Inc., the nation’s largest luxury-home builder, said Wednesday the housing industry is in a "depression" and any recovery could be two or three years away.
In candid remarks at the JPMorgan Basics & Industrials Conference a day after reporting a second-quarter loss, Robert Toll said he’s not ready to […]

Growth in U.S. services industries slowed less than economists forecast in May as a jump in new orders offset a decline in employment.
The Institute for Supply Management's index of non- manufacturing businesses, which make up almost 90 percent of the economy, fell to 51.7 from 52 in April; readings above 50 indicate expansion. […]

Delta Air Lines Inc. is cutting at least 1,000 more jobs than it previously planned because the number of employees who accepted voluntary severance offers exceeded the company’s goal.
A spokeswoman for the Atlanta-based carrier, Betsy Talton, said Friday that more than 3,000 people took the package, and Delta will accept all of the volunteers.
Delta […]