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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 26 Mar 2001   For week ended March 2, 2001
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Business News

Tribune Wins Round in Ownership Lawsuit
The ball is now in the court of MediaNewsGroup Inc. in the last volley of legal actions by U.S. District Judge, Tena Campbell, who ruled in favor of the Salt Lake Tribune. The Tribune claims that two of their managers should not have been removed from their positions in the Newspaper Agency Corp. which acts as the business arm of the Tribune and its joint operating agreement (JOA) partner, The Deseret News.

The End of ZCMI
The ZCMI name is in the final days of hanging outside the fourteen stores that once made up the LDS Church-owned chain. Meier and Frank, the Oregon-based subsidiary of St. Louis' May Department Stores, announced this week the schedule for changing the names of the stores to Meier and Frank, and for opening the stores on Sundays.

NuSkin Up While Rest of Mormon Stocks Fall
Utah cosmetics manufacturer NuSkin Enterprises jumped nearly 20% last week, while both the broader market and nearly every other stock on the Mormon Stock Index fell, in the index's 3rd straight loss. The jump in NuSkin's price came because the company started a quarterly dividend and announced a stock repurchase program, to investor's delight.

Other Business News

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