Business News Archive - August 31, 2005


As Hurricane Katrina weakened on Wednesday after ripping through four Southern states, insurance companies began processing claims even as the full extent of the storm remained unclear.

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.