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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 29 Sep 2001   For week ended September 28, 2001
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Business News

Deseret News Accused of Forum Shopping in Tribune Lawsuit
One day after the Utah Supreme Court ruled that a Deseret News lawsuit against the Salt Lake Tribune Publishing Company must be heard in Salt Lake County, the News asked a Davis County Judged to dismiss the case, saying that the News would now file its claim in U.S. Federal Court. The move led the Tribune Publishing Company, which has a contract to manage the newspaper, to accuse the News of 'forum shopping' in its effort to move to morning publication and establish its right to veto any sale of the Tribune.

LDS Grain Silo Site Called 'Unfortunate'
Last month the Mesa Design Review Committee, a local zoning board, turned down a request from the LDS Church for permission to build five new grain silos next to the four it already owns near the western end of Mesa, Arizona, a Phoenix suburb. One of the committee members is now calling the location of the current silos "unfortunate," saying that they don't make a very nice gateway to Mesa. The Church's project manager for the silos, John Bezzant, expressed surprise at the opposition, because the silos are in an industrial area.

MSI: NEW LOW: MSI Drops Over 17% After Terrorist Attacks
Along with the broader stock indices, the Mormon Stock Index dropped quickly in the week following the terrorist attacks on the World Trade Center and the Pentagon. Most indices were down at least 10%; the Dow Jones Industrials were off more than 14% and the NASDAQ fell 16%, but the MSI dropped slightly further, by 17.4%. The drop leaves the MSI at its lowest point ever.

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