Business News Archive - December 31, 2006

By Richard Mauer, Anchorage Daily News, Alaska Dec. 31--One of Alaska's most prominent Native corporations is accusing a leading contractor of misappropriating and otherwise unlawfully taking more than $40 million from the Anchorage firm it hired him to run. Anchorage-based Cook Inlet Region Inc.

Word of the Day
  • 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.