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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 07 May 2001   For week ended May 4, 2001
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LDS Millionaire Launches Ambitious Effort to Help Homeless
When it comes to helping the disadvantaged and the disenfranchised in the world today, it sometimes seems that too many people "talk the talk" but don't ever "walk the walk." John Volken, owner of United Furniture Warehouse in Canada, a furniture company with $200 million in annual sales, hopes to demonstrate that one person can make a difference.

Redlands California Notice Confuses Neighbors, City
The news that the LDS Church will build a small Temple in Redlands, California led to a city council session on the planned building Tuesday night. Councilman Kacey Haws, an LDS Church member, tried to give his fellow city councilmen an idea of the Temple's size, purpose and impact. But meanwhile, recent articles in local newspapers showed a good deal of confusion and speculation among Redlands citizens and others in California's "Inland Empire" about the building.

Marriott Abandons Bid for Le Meridien in Final Round
Marriott, International, the giant hotel chain run by LDS Church member J. Willard "Bill" Marriott Jr., dropped its bid for the Le Meridien chain of luxury hotels after it wasn't named the preferred bidder in the final round. The auction of the 150-hotel chain was part of the auction of the hotel properties of Compass Group PLC, in what has been called the world's largest hotel auction. Marriott had been expected to win Le Meridien, and dropping its bid led to the company's stock price to fall 5% yesterday.

Marriott Expected to Win Le Meridien Auction
The bid by the Marriott Corp. for the Compass Group's upmarket Le Meridien Hotel chain, submitted Monday, is expected to beat that of Nomura to win the auction, industry sources say. Final bids in the range of $2.44-2.58 billion were due Monday to finish what has been the world's largest hotels auction. An announcement of the winner could come as early as today.

MSI: Dell Forces Mormon Stock Index Down
Worries over Dell Computer's future earnings led to a 14% drop in its stock price, which pushed the Mormon Stock Index down 4% last week. The drop left the index at 116.57, down 5.16 for the week.

Church Receives Historic Preservation Award
The Church of Jesus Christ of Latter-day Saints today received the prestigious Award for Excellence in Historic Preservation for the restoration of the "Joseph Smith Farmhouse" in Palmyra, New York.

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