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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 09 Jan 2002   For week ended December 21, 2001
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Huntsman to Delay Purchase of ICI Stake Says Reuters
Billionaire Mormon businessman Jon M. Huntsman is expected to announce this week a new deal, says Reuters, with Britain's Imperial Chemical Industries Plc (ICI) that will delay the planned buyout of ICI's 30% stake in Huntsman International. The delay, expected to be for at least a year, highlights the weakness in the commodity chemicals industry and in Huntsman's financial position, trouble that led Huntsman Corporation, which owns the billionaire's North American operations, to drop two interest payments and watch its bond ratings drop into S&P's cellar.

LDS Church's Deseret Ranch Experimenting with Shrimp Farming
Desert Ranch, a 300,000 acre cattle ranch owned by The Church of Jesus Christ of Latter-day Saints, has begun experimenting with shrimp farming, as have many citrus growers in South Florida. The ranch, located in St.Cloud, south of Orlando, is considered the largest east of the Mississippi river in the U.S.

KZION's Growth Leads to Call for Help
In just 15 months KZION has grown from a few songs in our database to over 2,100 tracks. We started out with under 500 unique visitors to the KZION website per month to well over 7,000 in November.

MSI: Clothing Manufacturer Join Mormon Stock Index, But Index Falls 2.75%
Despite the addition of clothing manufacturer Tropical Sportswear to the Mormon Stock Index, the index dropped 2.75% in a broad-based decline. Overall 30 of the now 44 companies on the index fell for the week, while just 14 rose. But the index equaled or bettered all the major indexes except the Dow Jones Industrials (down 2.4%).


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