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Business News Archive - August 23, 2005

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Japanese electronics giants Sony and Toshiba have failed to agree on a unified format for next-generation DVDs, according to a newspaper report Tuesday. Sony's Blu-ray disks have a more sophisticated format and play back 25 GB of data compared with HD DVD's 15, but are more expensive to produce.

Word of the Day
pawl
  • A pivoted catch designed to fall into a notch on a ratchet wheel so as to allow movement in only one direction (e.g. on a windlass or in a clock mechanism), or alternatively to move the wheel in one direction.
The word 'pawl' probably comes from a Latin word meaning 'stake'.
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