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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended October 6, 2000
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Business News

  Financial Guru Wade Cook Settles Claims
Two companies owned by Wade Cook, the former cab driver turned millionaire who gives stock investing seminars, have settled claims that they deceived customers with the Federal Trade Commission and with the state of Washington. Under the agreement, Wade Cook Financial Corp. and Wade Cook Seminars, Inc. will give refunds to customers that lost money following Cooks advice. Investigators say Cook's claims of exceptional investment results were deceptive.

Other Business News

LDS Church Bishop's Storehouse Encounters Zoning Difficulties
SLIDELL, LOUISIANA -- The LDS Church's attempt to build a Bishop's Storehouse in Slidell, Louisiana was delayed Tuesday, October 3rd, in spite of Church efforts to work with neighbors and avoid complaints. The Church is trying to build a 15,000 square foot building on 2.3 acres just outside of Slidell on land zoned "suburban agricultural."

The Church's original application was postponed last month at the request of a zoning commissioner, and the LDS Church's New Orleans regional welfare agent, Joe Clark, met with neighbors on September 20th to discuss the project. Clark agreed with the neighbors to ask for the property to be zoned "light commercial." However, at Tuesday's meeting they discovered that a 15,000 square foot building can't be zoned "light commercial." Neighbors don't want the land zoned in a more industrial classification for fear of what might happen if the Church's plans fall through.

River Oaks rezoning wins approval Subdivision to get 42 additional lots
New Orleans LA Times-Picayune pgO1 4Oct00 B1
By Paul Bartels: St. Tammany Bureau

Gorbachev Speaks at annual Franklin Covey Symposium
SALT LAKE CITY, UTAH -- LDS business guru Stephen Covey presented  the Soviet Union's last premeir, Mikhail Gorbachev with the Franklin Covey Principle-Centered Leadership Award at the Franklin Covey Symposium on Wednesday, September 27th. Covey said that the award is given to "one individual who embodies the principles of vision, justice, courage, trust, respect for people and their differences, and service for noble purposes and great causes."

Covey said that Gorbachev embodies these ideals in the way that he deeply affected history. "Gorbachev understands that people cannot live in a sea of poverty while others are on an island of prosperity," said Covey. Gorbachev gave the Symposium's keynote address, telling how he rose to become premier and what he thinks of Russian leadership today.

Gorbachev comes to Utah for leadership award
BYU NewsNet 27Sep00 B2
By Rachael Wilson: NewsNet Staff Writer

Deseret News' Wall Recalls Pulitzer for Columbine
SALT LAKE CITY, UTAH -- Jim Wall, the LDS Church member recently named publisher of the Deseret News, spoke at the Salt Lake Rotary Luncheon Tuesday, September 26th, telling the Rotarians about his experiences as executive vice president and general manager of the Denver Post. The Post won a Pulitzer Price earlier this year for its coverage of the Columbine massacre.

Wall said that when the news came that the Post had won the award, the newsroom broke out in cheers, "But that almost immediately turned to tears,"said Wall as the reporters remembered the cost of what brought the newspaper the prize.

The Deseret News' Diane Urbani wrote that Wall proved to be a speaker that could hold a room full of people spellbound as he told his story.

Deseret News publisher recalls pain and Pulitzer
Deseret News 27Sep00 B2
By Diane Urbani: Deseret News staff writer
New leader says papers still record life of community

Deseret News Profile of Spa Pioneer Robert Rice
SALT LAKE CITY, UTAH -- The Deseret News interviewed and profiled 71-year-old LDS businessman and entrepreneur Robert Rice recently, telling how Rice built his interest in physical fitness into a gym in 1952, and then into the world's largest fitness company. Rice and his partner took European Health Spas public, eventually selling their interest in the company. They then went on to build a new chain of 55 spas.

Along the way, perceptions of physical fitness in the US changed. Rice served on the President's Council on Physical Fitness during the Nixon administration. Rice was also heavily involved in the community and served as an LDS stake president and for the past six years as a sealer in the Salt Lake Temple.

Spa pioneer Robert Rice is still going strong at 71
Deseret News 3Oct00 B2
By Linda Thomson: Deseret News business writer
He enjoys keeping busy as he operates 55 thriving gyms

Neeleman's Jet Blue Reaches Profitability, Adds Salt Lake Route
NEW YORK, NEW YORK -- LDS Airline entrepreneur David Neeleman's JetBlue Airways has recorded its first profitable month, just six months after it started operations. "Rarely does a new airline become profitable so quickly," trumpeted Neeleman happily, "Our plan projected a significant profit in August and we performed according to plan. It is clear from these results that travelers to and from New York really appreciate our low fares, friendly employees, new aircraft and leather seats each with DirectTV. I am so proud of the entire JetBlue Team for all the hard work they've given to achieving this goal."

Neeleman is a vetran of Salt Lake City's Morris Air, which merged into Southwest Airlines more than two years ago. Jet Blue has in the last six months operated more than 4,000 flights and posted excellent operating numbers with the US Dept of Transportation. More than 25% of its reservations have been booked over its website.

Currently, the airline offers limited flights to smaller airports, like Rochester, New York, Fort Lauderdale, Florida and Burlington, Vermont from its main hub at New York's John F. Kennedy Airport. But recently, JetBlue started flying to Los Angles/Ontario and to Oakland, California, and plans to open service to Salt Lake City, Utah on November 17th.

JetBlue Reports First Month of Profitability, Releases Six-month Performance Figures, and Flies 500,000th Passenger
Excite News (Business Wire) 28Sep00 B2

LDS Businessman Robert Edward Bull Loses Fight with Cancer
KAYSVILLE, UTAH -- LDS Trucking executive Robert Edward Bull died September 23rd after a fight with cancer. Bull was 75.

After serving in the Navy during World War II, Bull returned and attended the University of Utah, working for Garrett Freightlines between semesters. After finishing school, he was promoted to the trucking company's general offices, working there for 19 years. Bull then joined ONC Freightlines of Palo Alto, California, rising to Executive Vice President and Vice President of Rocor International, ONC's parent.

In 1978, Bull started Thunderbird Pacific Freightlines, serving as President and CEO until he retired in 1994. Bull was also active in the LDS Church, serving in two bishoprics and in a variety of other positions.

Robert Edward Bull
Salt Lake Tribune 26Sep00 B2

Returned Missionary's Sushi Restaurant Makes Gourmet Magazine Restaurant Guide
NEW YORK, NEW YORK -- Returned Missionary Peggi Whiting's Ichiban Sushi of Salt Lake City was chosen as one of the 180 best restaurants nationwide in Gourmet Magazine's October issue. The restaurant was given a "best sushi" rating by the magazine, which praised the restaurant's sushi as "festive and feisty."

Whiting fell in love with sushi on her mission, and returned to Japan to apprentice under a Tokyo sushi master. She then went back to Salt Lake and set up her restaurant.

Nibbles & Bits: Best Sushi
Salt Lake Tribune 4Oct00 B2

Bonneville to Close St Louis Station Trade
ST LOUIS, MISSOURI -- LDS Church-owned Bonneville International will soon complete the trade of its Los Angeles radio station, KZLA-FM to Indianapolis-based EMMIS Communications for four St Louis stations, WKKX-FM, WIL-FM, WRTH-AM and WVRV-FM. The trade was announced last June, and continues Bonneville's moves to consolidate its holdings in a few markets.

Bonneville's move is similar to the moves that many radio and television companies have made in the wake of changes in FCC rules several years ago. Those rules loosened restrictions on the number of broadcast stations that a single company could own in one city or market. That change made it more economical to own multiple stations in one market, where back-office activities such as advertising sales and office management could be combined.

Bonneville also is participating in an industry effort to make it easier to put radio stations on the Internet. The effort, called the Local Media Internet Venture (LMIV), will provide the technology, content and marketing needed to improve local radio station websites. The group represents stations with more than 37 million weekly listeners.

EMMIS Communications Reports Record Second Quarter Results
Excite News (PRNewsWire) 26Sep00 B3


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