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Business News
Franklin Covey earnings down 34%
Franklin Covey, the publisher of time
management tools and advice operated by LDS management gurus Hyrum
Smith and Steven R. Covey reported earnings down 34% from last year
for the first quarter of its fiscal year, which ended November 27th.
The company blamed the lower performance on investment in new online
training and tools meant to bring its products to the Internet. |
Geneva's net plummets
Financially troubled Geneva Steel suffered another
setback last year, as it lost $63.5 million in the three months ended
September 30, 1999. The steel maker, which is run by and employs many
members of the LDS Church, is trying to emerge from Chapter 11
bankruptcy proceedings and return to profitability. |
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