• JetBlue’s C.E.O. Is ‘Mortified’ After Fliers Are Stranded [NYT]
“The founder and chief executive of JetBlue Airways, his voice cracking at times, called himself “humiliated and mortified” by a huge breakdown in the airline’s operations that has dragged on for nearly a week, and promised that in the future JetBlue would pay penalties to customers if they were stranded on a plane for too long.”
• Signs that subprime mortgage market has borrowed trouble [LAT]
“Is a blowout taking shape in the impaired-credit mortgage market? Could lax underwriting standards during the boom years — no verification of applicants’ incomes or assets, low or no down payments, and big mortgages to people already saddled with heavy debts — finally be coming home to roost? The omens are unmistakable.”
• Blue Shield sued over revoked insurance [LAT]
“A college student who was dropped by Blue Shield of California after he was hospitalized sued the health plan Thursday, asking a Los Angeles judge to order it to stop canceling the policies of people who get sick and submit claims for treatment.”
• Mississippi looks to fight State Farm’s policy ban [CT]
“Mississippi Atty. Gen. Jim Hood said Friday that he will seek legislation aimed at blocking State Farm Insurance Cos. from refusing to write new homeowner’s and commercial policies in the hurricane-battered state.”
• IRS agents raid tax preparers in 7 cities over phone-tax refunds [SPI]
“In several instances, it said, taxpayers have put in for a refund of $30,000, while others are requesting refunds for the entire amount of the taxpayer’s phone bill, rather than just the 3 percent long-distance tax.”

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