JetBlue Offers Month Of Flights for $599

JetBlue Airways is offering a $599 pass that lets travelers take unlimited flights for a month. The program covers all 56 of JetBlue's destinations from Sept. 8 to Oct. 8 with no blackout dates, the New York-based carrier said. Flights must be booked by Aug. 21, and passes must be bought by phone. SEC Warns Pequot Of Possible Lawsuit

Pequot Capital Management and founder Arthur Samberg were told by the Securities and Exchange Commission they might be sued after an investigation of their trading in Microsoft, a letter sent to investors shows. The SEC, which has been conducting an insider-trading inquiry, sent Samberg and the firm so-called Wells notices warning that the agency's staff plans to recommend civil legal claims, Pequot wrote in an Aug. 10 letter to investors obtained by Bloomberg. The notices typically give subjects of a probe a chance to dissuade the SEC from proceeding. Luxury home builder Toll Brothers said it posted the first annual increase in signed contracts for new homes in four years. Toll said that new-home contracts rose 3 percent from the third fiscal quarter of last year, and rose 44 percent from the second fiscal quarter this year. Demand was so robust that the company was able to scale back incentives it offered to get buyers in the door. Only 9 percent of buyers backed out -- the lowest cancellation rate in three years. link.....