Business

JetBlue and Spirit Airlines are ending their proposed $3.8 billion combination after a court ruling blocked their merger. JetBlue said Monday that even though both companies still believe in the benefits of a combination, they felt they were unlikely to meet the required closing conditions before the July 24 deadline and mutually agreed that terminating the deal was the best decision for both.

LONDON (AP) — The European Union leveled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion for breaking the bloc's competition laws by unfairly favoring its own music streaming service over rivals. Apple muzzled app developers from telling users where they could go to pay for cheaper music subscriptions instead of paying through iOS apps, said the European Commission, the 27-nation bloc’s executive arm and top antitrust enforcer.

BEIJING (AP) — It's clear that China’s efforts to build confidence in its slowing economy will top the agenda of its ceremonial national legislature, which convenes Tuesday in Beijing. What remains unclear is how the ruling Communist Party can navigate toward stronger, sustained growth as China’s workforce is aging, relations with Washington are fraught, and housing construction — a main driver of the economy — is in crisis.

BOSTON (AP) — Regina Lawless hit a professional high at 40, becoming the first director of diversity and inclusion for Instagram. But after her husband died suddenly in 2021, she pondered whether she had neglected her personal life and what it means for Black woman to succeed in the corporate world.

WASHINGTON (AP) — As a substitute teacher in her mid-20s, Lindsey Puls was delighted to discover the fashion world of Shein more than 10 years ago, lured in by its super-low prices — with tops selling for a few dollars, dresses under $10, and free shipping on orders over $29.

NEW YORK (AP) — Consumers will pay more for a flight to Florida or for a hotel room during peak vacation times. They fork out more for a rush hour Uber ride, perhaps while grinding their teeth, and rely on apps like ParkWhiz or ParkMobile to book spots for their cars at premium prices.

Elon Musk is suing OpenAI and its CEO Sam Altman over what he says is a betrayal of the ChatGPT maker's founding aims of benefiting humanity rather than pursuing profits. In a lawsuit filed at San Francisco Superior Court, billionaire Musk said that when he bankrolled OpenAI's creation, he secured an agreement with Altman and Greg Brockman, the president, to keep the AI company as a non-profit that would develop technology for the benefit of the public.

The Federal Aviation Administration is giving Boeing 90 days to come up with a plan to fix quality problems and meet safety standards for building new planes. The agency said Wednesday that the directive follows meetings with top Boeing officials, including the company's CEO at FAA headquarters in Washington.

WASHINGTON (AP) —  U.S. economic growth slowed to a 3.2% annual pace from October through December, down from 4.9% from July through September, the Commerce Department reported Wednesday in a downgrade from its initial estimate.

Wendy's is looking to test having the prices of its menu items fluctuate throughout the day based on demand, implementing a strategy that has already taken hold with ride-sharing companies and ticket sellers. During a conference call earlier this month, Wendy's CEO Kirk Tanner said that the Dublin, Ohio-based burger chain will start testing dynamic pricing, also known as surge pricing, as early as next year.

NEW YORK (AP) — This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.

AT&T says it will give affected customers $5 each to compensate for last week's cellphone network outage that left many without service for hours.

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 …

NEW YORK (AP) — When her cellphone's service went down this week because of an AT&T network outage, Bernice Hudson didn't panic. She just called the people she wanted to talk to the old-fashioned way — on her landline telephone, the kind she grew up with and refuses to get rid of even though she has a mobile phone.

AT&T said the hourslong outage to its U.S. cellphone network Thursday appeared to be the result of a technical error, not a malicious attack. The outage knocked out cellphone service for thousands of its users across the U.S. starting early Thursday before it was restored. AT&T blamed the incident on an error in coding, without elaborating.

A number of Americans are dealing with cellular outages on AT&T, Cricket Wireless, Verizon, T-Mobile and other service providers, according to data from Downdetector. AT&T had more than 64,000 outages this morning, in locations including Houston, Atlanta and Chicago.

SEATTLE (AP) — Boeing said Wednesday that the head of its 737 jetliner program is leaving the company in an executive shake-up weeks after a door panel blew out on a flight over Oregon, renewing questions about safety at the company. Boeing announced that Ed Clark, who had been with the company for nearly 18 years and led the 737 program since early 2021, was leaving immediately.

WASHINGTON (AP) — Trying to keep up with customer demand, Batesville Tool & Die began seeking 70 people to hire last year. It wasn't easy. Attracting factory workers to a community of 7,300 in the Indiana countryside was a tough sell, especially having to compete with big-name manufacturers nearby like Honda and Cummins Engine.

Home Depot's sales continued to fade during the fourth quarter as the country's largest home improvement retailer feels the impact of high mortgage rates and inflation on its customers. While quarterly results topped Wall Street expectations, the company's sales expectations for this year weighed on shares early. Shares slipped more than 2% before the opening bell Tuesday. Rival Lowe’s, which reports fourth-quarter earnings next week, fell more than 2%.

TOKYO (AP) — Japan’s economy is now the world’s fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP released Thursday, though it grew 1.9% for all of 2023. It contracted 2.9% in July-September. Two straight quarters of contraction are considered an indicator an economy is in a technical recession.

In a classic “Saturday Night Live” sketch, a young man hands his girlfriend a Valentine’s Day gift: a bear dressed in a bee costume that he picked up at the drugstore. “When did you get this?” she asks with a strained smile. “One minute ago,” he replies.

Three separate unions representing flight attendants at major U.S. airlines are picketing and holding rallies at 30 airports on Tuesday as they push for new contracts and higher wages. The flight attendants are increasingly frustrated that pilots won huge pay raises last year while they continue to work for wages that, in some cases, have not increased in several years.

A nasty storm with 60 mph winds raked parts of the Northeast on Tuesday creating dangerous conditions on the road and snarling airports. More than 1,200 flights were canceled before noon, mostly along the East Coast, but that is likely to spread west as the day goes on.

WASHINGTON (AP) — Annual inflation in the United States remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. Tuesday’s report from the Labor Department showed that the consumer price index rose 0.3% from December to January, up from a 0.2% increase the previous month. Compared with a year ago, prices are up 3.1%.

The longest Super Bowl game will also go down as the most-watched program in U.S. television history. According to Nielsen and Adobe Analytics, Kansas City's 25-22 overtime victory over San Francisco on Sunday night averaged 123.4 million viewers across television and streaming platforms. That shattered last year's mark of 115.1 million for Kansas City's last-play victory over Philadelphia and is a 7% increase.

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