August 5, 2004

JetBlue Airways and Port Authority of New York And New Jersey reach agreement to build new terminal at Kennedy International Airport and find new uses for Terminal 5, former TWA terminal designed by Eero Saarinen, which is deemed out of date by airline industry; JetBlue's new terminal will give it 26 new passenger gates as it seeks to triple its business out of Kennedy; will have connecting tubes to Terminal 5, which will have two JetBlue ticket kiosks (M)

World Business Briefing: Italy: Government To5

Alice Hoffman article explains how her old farm on Cape Cod inspired book Blackbird House, stories about imagined families who passed through from Revolutionary War to present; also describes her Victorian-inspired writing studio on site of derelict barn; photos (M)

James Truman, editorial director of Conde Nast Publications, develops prototype of luxe and glossy fine arts magazine, which he hopes to begin publishing in 2006, designed to bring visual art to consumers; Truman, noting that 60 million Americans went to some kind of art exhibition in past year, says there is public interest in art; says Conde Nast magazines are best at democratizing sophisticated, aristocratic tastes; photo (M)

Nanosys Withdraws Plan for Public Offering Nanosys, the leading symbol of nanotechnology's promise to generate lucrative innovations by manipulating atoms and molecules, called off a closely watched effort to go public long before it had any products to sell. Nanosys and a banking team led by Merrill Lynch had hoped to sell 6.25 million shares at $15 to $17 a share, which would have given the public a 29 percent stake in the company. Nanosys, based in Palo Alto, Calif., said in a brief written statement that ''market conditions'' led to its decision. [Page C6.]