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
  • A large punch-bowl of the eighteenth century, usually of silver and with a movable rim, and decorated with flutings and a scalloped edge. It was also used for cooling and carrying wine-glasses.
  • A kind of cotton handkerchief having white spots on a colored ground, the spots being produced by a chemical which discharges the color.
This word is possibly named after Monteith (Monteigh), 'an eccentric 17th-century Scotsman who wore a cloak scalloped at the hem.'