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Business

Rents Start To Come Down, But Trend May Not Hold

NEW YORK — Rents are starting to come down after spiking to record levels this past summer, but experts are uncertain if the slowdown will continue. Christopher Mayer, professor of real estate at Columbia Business School, said people looking for an apartment now might have a better ...

Airlines Need Business Travelers To Keep Recovery Going

DALLAS — With summer vacations winding down, airlines are counting on the return of more business travelers to keep their pandemic recovery going into the fall. Air travel in the United States, bolstered by huge numbers of tourists, has nearly recovered to pre-pandemic levels — even ...

Affirm Weathering Decreasing Stock Price

NEW YORK — Founded in 2012, Affirm is one of the largest “buy now, pay later” companies in the U.S. It is also the only U.S.-based buy now, pay later company that is publicly traded. Affirm’s stock has lost nearly 80% of its value this year as soaring inflation made investors doubt ...

American Airlines CFO On Fixing Balance Sheet After The Pandemic

FORT WORTH, Texas — Derek Kerr might have the hardest job in the airline business. Kerr is the chief financial officer of American Airlines, and his task is to fix a balance sheet that has been battered by borrowing needed to survive the pandemic. American has the most debt among all ...

Cala Retires From U.S. Army

Lt. Col. Philip M. Cala, a 1998 graduate of Jamestown High School, retired from the United States Army on Aug. 31, 2022, after serving just over 20 years in a variety of stateside and overseas assignments. He received his commission through Army ROTC at Syracuse University on May 12, 2002, ...

New Balloon Company Opening On Foote Avenue

Kasey Cordosi is preparing to open a new party supply store called The Balloon Company located at 1739 Foote Ave. Ext. Cordosi expects her store to open to the public in the coming weeks. “I’m planning on opening by the second week of September,” she said. The Balloon Company was ...