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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended January 16, 2000
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Business News

  LDS Church Ball Fields at Center of Dispute
Neighbors of an LDS Church in La Canada are upset about a city proposal to use the Church's ball fields and develop a nearby Caltrans parking lot into associated facilities. The neighbors, who fought for and won restrictions on the hours that the Church's fields could be used, feel that the influx of people to the fields would destroy their neighborhood.

  Deseret Industries opens new facility
The LDS Church's Deseret Industries opened a new thrift store and rehabilitation center in Centerville, Utah on Friday. The 39,000-square-foot facility replaces an older building in Centerville, increasing its capacity.

Other Business Articles

Up to 700 May Loose Jobs in Merger of Two Largest Mormon Banks

The Deseret News reports that while the exact number of jobs lost from the merger of First Security Bank and Zions Bancorp won't be known for a couple weeks, layoffs should be about 700. In addition, 900 jobs have not been filled as employees left them since the merger was announced. In addition, some employees will be employed by the bank that purchased the branches they work at. The deal combines two banks started by Mormons.

Oddly, the Daily Universe reported a day before the Deseret News that no jobs would be lost in the merger. The firms have also cut a deal with Hawaii-based BancWest Corp., which will purchase 68 of the Utah and Idaho branches of the combined bank.

700 to lose jobs in big bank merger
Deseret News 13Jan00 B4

Employees guaranteed jobs in First Security-Zion's merger
(BYU) NewsNet 12Jan00 B4

2 Utah banks sell 68 branches
Deseret News 18Jan00 B4
By Max Knudson: Deseret News business editor
Hawaii firm buys merger divestitures

Dish Network adds BYU programming to its free channels

Satellite TV provider DISH Network announced recently that it will provide BYU's television channel on its network. The announcement was part of a package of new Educational and Informational channels that the company is offering at no additional charge to its subscribers.

DISH Network Offers Public Interest Programming
Business Wire 10Jan00 B3
DISH Network Launches New Educational and Informational Channels at No Extra Charge

LDS Church is one of Great Falls, Montana's Largest Employers

In an article examining the expansion of technology into rural areas and Montana's attempt to attract engineering firms to its area, the New Republic claims that the LDS Church is one of Great Falls' largest employers. The article indicates that a supermarket chain owned by the Church and a pasta factory are the largest employers in the town.

Flight of fancy
New Republic 10Jan00 B3

ZCMI Stores Closing for 2 Weeks of Renovations, But Name Not Changed Yet

ZCMI's stores in Utah and Idaho shut down after the close of business on January 15th and will not reopen until January 31st, as the stores are renovated. The chain, which was sold to St. Louis-based The May Co., will eventually be renamed Meier &Frank, one of May's chains. The renovations include switching ZCMI over to May's own proprietary sales terminals.

Refitting ZCMI
Deseret News 13Jan00 B4
By Max Knudson: Deseret News business editor
Stores closing for 2 weeks of changes -- but the name will stay for now

Business People:

Marva Sadler named co-chief executive of Achieve Global

BYU graduate Marva L. Sadler has been appointed co-chief executive officer of AchieveGlobal, Times Mirror's skills training and consulting services company. Sadler is a former broadcaster and management consultant. She was executive vice president and chief financial officer of the firm.

Times Mirror Announces New Appointments
Business Wire 12Jan00 B2

Tom Long named Chief Operating Officer, Oce Printing Systems

Long is expected to assume in May the full CEO responsibilities of Oce, the U.S. operation of the Dutch company Oce NV which manufactures high-performance printing systems, copiers, plotters and associated products. Long, a BYU graduate, joins Oce from Xerox, where he spent 13 years, and IBM where he had a 14 year career.

Tom Long Appointed Chief Operating Officer for Oce Printing Systems USA, Inc.
Business Wire 13Jan00 B2

David Pierpont Gardner joins Charitableway board

After retiring as president of the William and Flora Hewlett Foundation, former University of Utah President David Pierpont Gardner has joined the board of the nonprofit venture Charitableway. The venture launched a public web site at in October of last year to provide information and ways to donate to charities. Gardner, a BYU graduate, was president of the University of Utah from 1973 to 1983 and then was president of the University of California system from 1983 to 1992.

Former President of Hewlett Foundation and University of California Joins Board of Charitableway
BusinessWire 12Jan00 B2

G. Scott Spendlove promoted to VP Corp Development

36-year-old G. Scott Spendlove was promoted to Vice President Corporate Development and Investor Relations by Ultramar Diamond Shamrock Corporation January 12th, the company announced. The publicly traded company is one of the largest independent petroleum refiners and marketers in North America, operating six refineries in the U.S. and Canada. Spendlove, a BYU graduate, joined the company in 1990 after working for Unocal.

Ultramar Diamond Shamrock Corporation Announces New Vice President Corporate Development and Investor Relations
BusinessWire 12Jan00 B2

Matt Mosman promoted to Senior Vice President of Oracle

Mosman will be responsible for Corporate Development, mergers and acquisitions, joint ventures, spin-offs, etc. He joined Oracle in 1996 from corporate development positions at Compaq Computer, Central Point Software and Sequent Computer. He has a BA in English and an MBA from BYU. Oracle is the world's leading supplier of information management software, and is the world's second largest software company, with annual revenues of $9.3 billion.

Oracle Announces Promotion of Corporate Development Executive
PRNewsWire 10Jan00 B2

Bill Mott named to head

Seasoned software sales executive Bill Mott will oversee Torreon Holding's new venture. The venture provides a service for merchants without technical expertise to building Internet stores. Mott, a BYU graduate, has 20 years of experience building the sales of firms like Jenkon International, 2021 Software and InfoTrax.

Torreon Holdings Inc. Announces its Subsidiary Company TORR - One E Group Inc. Has Launched
BusinessWire 13Jan00 B4


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