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Business News Archive - August 01, 2005

DETROIT (Reuters) - General Motors Corp. , which has typically used big discounts to drum up sales, on Monday said it was cutting sticker prices and boosting features on many of its 2006 model-year vehicles in a new twist in Detroit's long-running price war.

Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.