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Mormons, Mormonism
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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended January 26, 2001
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Business News

  Marriott in Auction Battle to Acquire Hotel Group
Marriott Corp. is one of the bidders seeking to buy the Forte Hotels group in an auction expected to be the world's biggest. The third round of the auction will continue this week, and is expected to be completed in March. Marriott, founded and run by the Marriott family, members of the LDS Church, is looking at the chain of hotels to make a major expansion outside of the US.

  MediaNews Opposes Adding Deseret News to Tribune Lawsuit
The Salt Lake Tribune Publishing Company's lawsuit against Tribune owner MediaNews Group, filed December 1 in federal court will soon go before U.S. District Court Judge Tena Campbell. But MediaNews Group Inc. is now opposing the attempt by the Salt Lake Tribune to add Deseret News Publishing Co. as a defendant in the suit, fearing an attempt to shift the lawsuit to another court. If the News becomes a defendant it would mean that the two parties are Utah companies and MediaNews fears that could give the state courts jurisdiction.

  Excel Entertainment Group, Inc. Officially Expands to Include Motion Picture Distribution
Excel Entertainment Group, Inc. has announced the official creation of Excel Motion Picture Distribution, a division of Excel Entertainment Group, Inc. Dean Hale, former head of Excel Distribution, will now become head of Excel Motion Picture Distribution.

  Mormon Stock Index Outperforms Market Again
The Mormon Stock Index rose 6.6% last week, once again outperforming the broader market indices. For the year, the index is up nearly 19% so far this year, up 50% more than the NASDAQ composite's 12% and far more than the S&P's 1.7%. Both the NYSE composite and the Dow Jones Industrials are off so far this year.

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