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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended September 3, 2000
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Business News

  LDS Developer's 'New Urban' Development Approval Expected Today
An LDS Church affiliate's planned development in Kansas City, Shoal Creek Valley, is expected to be approved by the city council today. The planned development is notable because it incorporates principles of so-called "New Urbanism," including favoring walking over driving, into the development. The 1,700 acre development could eventually house 15,000 people, the offices they work in and the businesses they frequent.

  LDS Investment Guru Under Investigation
Former cabbie Wade Cook created a large financial-seminar business, sharing strategies of triple-digit annual returns on investments. Now the Federal Trade Commission and authorities from 13 states are nearing completion of settlement pacts with the Wade Cook Financial Corporation because of numerous customer complaints.

  Mormon Stock Index Down Again in Up Market
A strong upturn by network software firm Novell offset dowturns by other stocks to keep a drop in the Mormon Stock Index to a modest 1.00 points or 0.7%. Caldera, EarthShell, Franklin Covey and Ten Fold all moved down more than 10% last week for a variety of reasons while the NASDAQ composite rose 2.86%.

  BYU Grad Wins Praise for Clear Backpacks
Dale Jeffery, A 33-year-old MBA working at a Houston import-export firm recently went into business when he read an ad that a Georgia school had placed in a magazine. The school was looking for clear backpacks, a trend that has become popular with numerous schools. Jeffery, who holds an undergraduate degree in Asian studies from Brigham Young University and an MBA from Thunderbird, an Arizona-based graduate school specializing in international business, decided to take on the challenge he saw there.

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