|
|
Business News
| Tribune Co. Delt Setbacks in Sale Lawsuit |
| The Salt Lake Tribune Publishing Company was
delt a couple of setbacks this week in its attempt to reverse the
newspaper's sale to Denver-based MediaNews Group. On Tuesday the
company's lawyers gave up their attempt to add the Deseret News to
the lawsuit, saying they had received assurances that the Deseret
News would follow any judgement made in the suit even though it isn't
a party to the lawsuit. Meanwhile, AT&T Corp., which sold the
newspaper to MediaNews, asked the court to withdraw an affidavit
supporting the Tribune company, saying that the affidavit was wrong.
The Salt Lake Tribune Publishing Company manages the newspaper under
contract with its owner, and claims to have an option to purchase the
newspaper that the recent sale will thwart. |
| CleanFlicks' Editing Reviewed in RedHerring |
| The business magazine RedHerring looked at the
legal status of LDS businessman Ray Lines' CleanFlicks video store in
a recent issue, and its article appeared elsewhere, including in the
Sydney Australia Morning Herald. Lines' business is controversial and
under attack by Hollywood studios trying to protect their product,
but Lines says he just wants to give his customers what they want --
clean movies that fit LDS standards. |
| California Profits Bypass Power Producer AES |
| While many power producers are getting windfall
profits from the current California energy crisis, AES Corp. isn't one of
them. AES, one of the stocks on the Mormon Stock Index because of the Mormon
heritage its chairman, Roger Sant, has three generating plants in Southern
California. But the Arlington, Virginia-based company only gets a flat fee
for turning natural gas into electricity at the plants. |
| LDS Businessman Harold Jones Dies |
| Harold Baker Jones, 86, founder of Jones Paint &Glass,
passed away February 4, 2001. Jones, the son of John Henry and Alice Baker Jones, was born May 10,
1914 in Monticello, Utah. He met his wife, Fay Knight, at Brigham Young
University and they were married November 23, 1934. |
| Despite Brigham Young's Desires, Mining Became Big Business for Mormons |
| While Brigham Young did not want the Saints mining gold,
mining became gold in Utah. He told the Saints, "We cannot eat gold and
silver, neither do we want to bring into our peaceful settlements a rough,
frontier population . . ." While Brigham Young frowned on the pursuit of
precious metals, he established coal and iron mines to help the Saints be
independent and self-sufficient. |
| Two Utah Companies Added to Mormon Stock Index |
| Two Utah companies with Mormon management have
been added to the Mormon Stock Index, and two companies that had
failed to meet the index's minimum capital requirement are back on
the list, due to significant increases in their stock prices.
Computerized Thermal Imaging (CTI) and JP Realty were added this week
after research showed that members of their management team are
Mormon. Additionally, the stock prices of Caldera Systems and Ten
Fold have risen enough to put them back on the list. The changes
bring the number of companies on the Mormon Stock Index to 24. |
Other Business News
|
|
|
|
| QUOTE:
[an error occurred while processing this directive]
|
|
