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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 22 Oct 2001   For week ended October 19, 2001
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Business News

Marriott Asks Congress for Travel Tax Credit
Marriott International CEO and LDS Church member Bill Marriott Jr. testified before the Senate Commerce Committee's Tourism Subcommittee on Friday that the travel industry needs support after the September 11th terrorist attacks on the World Trade Center and the Pentagon. Marriott argued not for direct federal assistance to his or any other company, but rather for a tax credit that would induce travelers to travel again.

Cleaned-Up Video Concept Expands to Southern Utah
The controversial practice of editing videos to remove objectionable dialogue, sex and violence has expanded to Southern Utah from Utah's wasatch front, with Play It Clean stores opening earlier this year in St. George, Utah and this month in Cedar City, Utah. But while the concept is expanding in popularity, its legal status isn't entirely clear, and the nascent industry isn't getting any cooperation from Hollywood.

Delta Sells SkyWest Stake
Delta Air Lines announced last week that it has sold its 11 percent stake in SkyWest, the regional airline run by LDS Church member Jerry Atkin, but added that the sale won't affect its partnership with the regional airline. Delta sold 6.2 million shares of SkyWest for $125 million, raising $125 million in cash. "This transaction is part of our ongoing effort to further enhance our cash position," said Delta spokesman Tom Donahue. Both Delta and SkyWest are in comparatively good financial positions, compared to similar airlines. Delta already owns two regional airlines, Atlantic Southeast Airlines and Comair, which it purchased in recent years.

MSI Up 5% Again
The Mormon Stock Index rose another 5% last week as it continued to recover following the September 11th terrorist attacks, this time from a broad list of companies up substantially. Dell, Candence Design, Corvis, AES and Micrel Semiconductor all pushed the index up, almost to its initial, January 1, 2000 level.

Marriott Again Wins Working Mother Award
Hotelier Marriott International has once again been recognized by Working Mother magazine as one of the ten companies that are exceptionally progressive in their treatment of working mothers. The magazine issued its 16th annual list of top employers last week, and Marriott has been in the top ten on the list for 11 years. Working Mothers CEO Carol Evans told the Associated Press that earning the award takes a lot of effort by a company, "This is about meeting our employees' needs, not just building a day care center." The list is compiled in a year-long process that analyzes public information about the companies, as well as responses to a questionnaire. This year's results were compiled before the September 11th terrorist attacks.

Contest Gives Young Women Chance to Design Own Prom Dress
Modest By Design is excited to announce their 2nd Annual Prom Dress Contest. This gives girls from 15-18 a chance to design the dress they have always dreamed of wearing to the Prom. In addition, the winner will receive a $50.00 gift certificate to Claires for all her accessories and another $50.00 gift certificate to Payless Shoe Store for her perfect set of shoes to match her dream dress.

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