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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended September 10, 2000
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Business News

  Small LDS Publisher Cornerstone Buys 29-year-old Horizon
Cornerstone Publishing, a small LDS publisher started about two years ago by Richard Hopkins, last month purchased the older and larger book publisher Horizon Publishing and Distribution, owned and operate by LDS author Duane Crowther. The purchase makes Cornerstone one of the five largest LDS publishers, increasing its number of titles inprint from less than 20 to more than 400. Crowther reportedly sold his business to serve an LDS mission in Mexico.

  LDS Man's Buyers Club Collapses After Suit by State of Ohio
A buyer's club started by an LDS man and based in Westerville, Ohio, closed September 1st, a week after Ohio Attorney General Betty Montgomery filed a lawsuit to force the company to return to its customers $100 million. The Attorney General claims that the Purchase Plus Buyers Group was a ponzi scheme that prayed on relationships, primarily in the LDS community.

  LDS Church Member Dimon McFerson's Last Hurrah
LDS Church member Dimon R. McFerson, chairman of Nationwide Insurance and longtime proponent of Nationwide's home, Columbus, Ohio, is being honored for his contributions to Columbus just as he retires from the Insurance giant. McFerson has served for many years on the board of Ohio's Center of Science and Industry, overseeing the center's move to a new, larger facility last year that is getting positive reviews.

  High Tech Stocks Push Up Mormon Stock Index
Led by high tech stocks rising with the general US stock market, the Mormon Stock Index surged by 5 1/2% to close at 145.33, a new high for the year. The index was led by a resurging Caldera Systems, which finally joined other Lynux operating system vendors in recovering after sliding for most of the year. Caldera jumped 47% for the week.

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