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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 25 Jun 2001   For week ended June 22, 2001
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Business News

LDS Church's Kansas City Area Land Has Developers Waiting
An article in this week's Kansas City Business Journal shows that developers are frustrated waiting for The Church of Jesus Christ of Latter-day Saints to develop land it owns near Lee's Summit, just outside of Kansas City in Eastern Jackson County, Missouri. The Church has refused to sell the land or even hint about its plans there. The property in question, some 8,000 acres, is now worth hundreds of millions of dollars, and its value is increasing as the city improves access to the area and as nearby development increases. However, the article doesn't mention the Church's history in Jackson County or the beliefs of Church members about that portion of Missouri.

Zions Bancorp to be Added to S&P 500
Standard and Poor's announced Tuesday that it will add Zions Bancorp to its S&P 500 index after the close of trading on Friday, June 22nd. The change, necessary because Alza Corp. is being purchased by Johnson and Johnson, will likely make Zions a more widely held and watched stock.

MSI: MSI Drops, But Less Than Market
The Mormon Stock Index fell 3 1/4% last week to 117.72, along with most US stocks, but it fell less than the NASDAQ (down 8.4% last week). Leading the down stocks this week was Corvis Corp., which dropped 26%, but their decline was offset somewhat by AES Corp., which gained a modest 3 3/4%.

Other Business News

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