ALL the News about
Mormons, Mormonism
and the LDS Church
Mormon News: All the News about Mormons, Mormonism and the LDS Church
For week ended December 19, 1999 Posted 24 Feb 2001
[an error occurred while processing this directive]
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

LDS Church Held Up Sale of Struggling ZCMI

Documents filed with the U. S. Securities and Exchange Commission reveal that the LDS Church prevented the sale of ZCMI department stores, of which it owne more than half, until this past summer. Several chains had approached ZCMI multiple times at least since 1995. The documents were filed with the SEC because ZCMI was a publically-traded company, of which a trust owned by the LDS Church was the majority shareholder.

Federal Reserve Approves Merger of Mormon Banks (Union of Utah banks likely by year's end)

The Federal Reserve Bank Board approved the merger of Zions Bancorp and First Security Corp. Monday, a move that will probably allow the merger to be completed by year end. "We hope to close this transaction at year end, "said Zions' chief financial officer, Dale Gibbons.

The only conditio

New BYU Building Combines Education and Worship (A place to learn and worship)

The LDS Church dedicated a unique chapel on BYU's campus Sunday, one that BYU President Merrill J. Bateman billed as the wave of the future. The building will house two LDS student stakes as well as BYU's English Language Center. The building will be used both for BYU classes on weekdays and for regular LDS meetings on Sundays and in the evenings. Bateman sees this dual use as the "prototype for what the church does across the Earth."

Former Regional Representative & Deseret Management Officer dies (Funeral for John M. Scowcroft is Monday)

LDS business executive and the former general manager of LDS Church-owned Deseret Management Corp., the holding company for the Church's for-profit businesses, died December 11th of cancer.

  LDS Businessman's Venture Requires Golden Rule
LDS Church member Lyle Stucki has hit on a venture that requires tact and care, and he has found that using the Golden Rule does the job. He and his partner, Charlie Gary, are debt collectors -- for libraries. Unique Management Services Inc., their company, is, they claim, the only collection agency in the country to focus on collecting overdue library books and fines.

Other Business News Articles

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