ALL the News about
Mormons, Mormonism
and the LDS Church
Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 27 Aug 2001   For week ended August 10, 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

Deseret News' Dean Photo Editing Makes Worldwide News
A single cigarette is world famous. In a recent edition of the Deseret News, owned by The Church of Jesus Christ of Latter-day Saints, actor James Dean's photograph appeared without his customary cigarette. The manipulation violated newspaper policy against changing photographs, said managing editor Rick Hall and a clarification ran the following week, but news reports of the error have appeared in hundreds of newspapers around the world, even as far away as Malaysia, and, to the News' embarrassment, made the trade publication Editor &Publisher.

Forbes Reports Huntsman in 'A Very Tight Spot'
The August 6th issue of Forbes Magazine reports that LDS billionaire Jon M. Huntsman is in a "very tight spot" because of long-term debt taken on to finance acquisitions. The company has had to sell some assets and take on minority investment in order to meet the interest payments on its debt. The company has also recently cut back, dropping 700 of its 3,500 US jobs in an effort to pare costs in the face of lower prices for its products.

LDS-Led WGI's Fight with Raytheon Accelerating
Washington Group International and Raytheon each filed documents this past week with the bankruptcy court where WGI is seeking financial protection while it works to address the financial damage from its purchase of Raytheon's former heavy construction division.

MSI: Investors Dump Oakley as Competitor Finds Achilles Heel
Oakley, Inc., manufacturer of sunglasses, shoes and other high-end clothing accessories dropped 30% last week, pushing the Mormon Stock Index down nearly 1/2% last week, after it revealed that competitor Luxottica was taking advantage of its purchase of Oakley's largest customer, Sunglass Hut, and reducing its orders from Oakley. Luxottica purchased Sunglass Hut earlier this year.

Other Business News

No Articles Available


[an error occurred while processing this directive]

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