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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 27 Aug 2001   For week ended August 3, 2001
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Business News

LDS Church's Saginaw Farm Draws Fire from Neighbors Over Water Use
Wells supplying water to more than 38 Michigan homes have gone dry in the last month and made national news as residents are blaming the water shortage on farms run by Walther &Sons and The Church of Jesus Christ of Latter-day Saints. The farms are willing to curtail the amount of water they use and Church officials have offered to monitor water levels and shut down irrigation systems if needed.

SLC Newspaper Battles Escalate to Utah Supreme Court
One of the latest salvoes of paperwork in the court battles involving the Salt Lake daily newspapers was fired from the legal guns of managers of The Salt Lake Tribune. In a petition to the Utah Supreme Court, Tribune Publishing Company asked that a lower judge's decision be overruled so that a lawsuit against the managers can be heard in Salt Lake County.

LDS Man Finds His Humanity Leading Rotary International
Attorney Richard King, Rotary International President and member of the Church of Jesus Christ of Latter-day Saints, treasures a small, brass cup that sits in the corner of his Rotary office and reads "You touched us." The cup is a reminder of when he served in Ethiopia a dozen years ago, where, from a Rotary-sponsored well, every 48 hours he doled out a half-cup of water to starving children. "I don't know what it is we gave to them, but I will always know what they gave to me," said King, the new president of Rotary International. "It makes me a more truly human man."

Architectural Award Given to LDS Conference Center
Builder magazine and the annual PCBC building trade show have given a 2001 Gold Nugget Grand Award to the LDS Church's Conference Center, one of two winners in the 'Best Public/Private Special Use Facility.' The annual awards, given each year since 1963 to recognize the best architecture and landscaping in 14 western US states, are the oldest and largest program of its kind.

MSI: Mormon Stock Index Up while Dow, NASDAQ Fall
The Mormon Stock Index managed a 1% gain while other indices fell slightly last week. Stocks like Cadence Design, AES Corporation and Micrel Semiconductor supported the index from declines in major components Dell and Swift Transportation.

Business News Briefs

M. James Call New CFO at American Medical Systems
M. James Call has been named executive vice president and chief financial officer of American Medical Systems Holdings Inc. (Nasdaq: AMMD). Previously CFO at San Diego-baesd Interventional Technologies, Inc. (IVT), Call brings 20 years of product development, marketing, business development and financial experience to the medical technology company. Call has a master's degree and MBA from the University of Chicago and a bachelor's degree from BYU. He also worked as vice president of planning and development and CFO for Medalist Industries prior to joining IVT in 1995. He left IVT after it was acquired by Boston Scientific.


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