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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 15 Oct 2001   For week ended October 5, 2001
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Business News

Down Market, Sept. 11th Shuffles List of Richest Mormons
The current issue of Forbes magazine lists the 400 richest Americans, and in the process reveals a list of the world's richest Mormons. The seven men on the list haven't changed since Forbes list of billionaires this past summer, but their order has shifted because of the declining market and the aftermath of September 11th.

Salt Lake Biotech Company Identifying the Victims
A Salt Lake City biotech company on the Mormon Stock Index is doing much of the work most crucial to the families who lost relatives in the attacks on the World Trade Center -- identifying the remains, however small, of the victims. Myriad Genetics is processing both the DNA samples of the victims and those provided by the relatives so that matches can be made in what promises to be a long process.

September 11th on Wall Street: Rodney Brady's Experience
If ringing the opening bell at the New York Stock Exchange was one of Rodney H. Brady's lifetime goals, he may have missed his opportunity on Tuesday, September 11th. Brother Brady, who is a member of the Salt Lake Emigration Stake, is known for having set 200 goals for himself in high school and meeting 175 of them so far. (See On to the Goal: Deseret Management's Rodney H. Brady ).

MSI Up Less than Broader Index, AES Falls 47%
As U.S. Stocks recovered somewhat from the drop after this month's terrorist attacks, the Mormon Stock Index also rose, but its rise was hampered by AES Corp. which dropped by half its value after indicating that its earnings wouldn't meet expectations. The MSI rose just over 3% for the week, while the Dow Jones Industrials, NASDAQ and NYSE composite were all up more than 7%.

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