Business News Archive - July 17, 2006

By Kyle Peterson CHICAGO (Reuters) - U.S. airlines are shifting their battle for customers from coach to business class. As the low-fare war for budget travelers seems to wind down or be on hold, major airlines are increasingly reaching out to those who prefer high-end service. The largest U.S.

By Jim Christie SAN FRANCISCO (Reuters) - A slip in home prices in San Diego as demand for condominiums slackens is giving the chills to some in this sun-drenched California city and stoking concerns of a downturn in its regional housing market after a decade-long boom.

Allegheny Energy, Inc. (NYSE:AYE) today announced that one generating unit at its Harrison Power Station near Haywood, W.Va. is experiencing an unplanned outage due to failure of a transformer in a 500-kilovolt transmission facility immediately adjacent to the power station.

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.