ALL the News about
Mormons, Mormonism
and the LDS Church
Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 21 May 2001   For week ended May 18, 2001
Most Recent Week
Front Page
Local News
Arts & Entertainment
·New Products
·New Websites
·Mormon Stock Index
Letters to Editor
Continuing Coverage of:
Boston Temple
School Prayer
Julie on MTV
Robert Elmer Kleasen
About Mormon News
News by E-Mail
Weekly Summary
Submitting News
Submitting Press Releases
Volunteer Positions
Bad Link?

Business News

LDS-led Construction Firm Files Chapter 11
Washington Group International, Inc., formerly known as Morrison-Knudsen, filed for protection under Chapter 11 of the US Bankruptcy Code today, due to financial troubles arising from litigation with Ratheon Co. The company, the fourth largest construction firm in the US, best known for its construction of Nevada's Hoover Dam, is headed by LDS Church member Stephen G. Hanks, who was recently named Business Leader of the Year by Ricks College.

Mormon Businessman Elected Chairman of Billion-dollar Energy Company
Avista Corporation's board of directors has named Gary G. Ely its chairman just six months after it named the 34-year company veteran President and CEO. Ely, who is Mormon, is a graduate of Brigham Young University. He has also played a key role in turning around two of the company's subsidiaries, returning them to financial strength.

LDS Church Proposes Street Closing in Pocatello
Its not Salt Lake City, but The Church of Jesus Christ of Latter-day Saints has proposed closing another street -- this time in Pocatello, Idaho. But this proposal has been much less controversial than the purchase and closing of a block-long stretch of Main Street in Salt Lake City. In fact, it is leading to serious discussions among the Church's neighbors in downtown Pocatello and the city planning officials on how to solve the basic problem -- parking.

MSI: AES, Dell Drive Mormon Stock Index Down
Sharp declines at the two largest stocks on the Mormon Stock Index, AES Corp. and Dell Computer, drove the index down 1.7% for the week, in spite of a number of small stocks that had significant gains. The small stocks rising were led by 1-800-Contacts, which rose nearly 35% for the week, as investors anticipated the company's quarterly report, released today. Also rising more than 20% last week were EarthShell, Fonix and Hollywood Entertainment.

Other Business News

No Articles Available


[an error occurred while processing this directive]

Copyright 1998, 1999, 2000, 2001 Kent Larsen · Privacy Information