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Business News
| Nauvoo Changes Coming from Mormon Investors, Not Just Temple |
| Despite the efforts of Nauvoo's city government to
forestall changes, Mormon investors and entrepreneurs are making that change
inevitable as they try to cash in on the LDS Church's new Nauvoo Temple.
Although the town has in place a moratorium on new buildings, investors are
looking at unincorporated land around the city, where its rules don't apply. |
| Whither Iomega? |
| Iomega is a high-tech company in the predominantly
Mormon community of Roy, Utah. As the largest publicly traded company
based in Utah, Iomega has brought technology jobs and money to many
members of the Church of Jesus Christ of Latter-day Saints. Iomega is
tracked on the Mormon Stock Index because its chairman, David J.Dunn,
is a member of the Church of Jesus Christ and because of the many
members that are employed there. |
| Corvis Drives Mormon Stock Index Down |
| Fiber Optic equipment manufacturer Corvis drove
the Mormon Stock Index down this past week, as the company's stock
price fell by a quarter to a new low. That drop accounting for half
the Mormon Stock Index's 3.3% drop this past week. In addition, a 30%
drop at e-business system provider TenFold and a more modest drop of
2.7% from power provider AES Corp. also helped push the index down.
Overall, half the index's 24 stocks were down and nine rose, but only
four rose more than 1%. |
Other Business News
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