Business News
| LDS Church Ball Fields at Center of Dispute |
| Neighbors of an LDS Church in La
Canada are upset about a city proposal to use the Church's ball fields
and develop a nearby Caltrans parking lot into associated facilities.
The neighbors, who fought for and won restrictions on the hours that the
Church's fields could be used, feel that the influx of people to the
fields would destroy their neighborhood. |
| Deseret Industries opens new facility |
| The LDS Church's Deseret Industries opened a new
thrift store and rehabilitation center in Centerville, Utah on Friday.
The 39,000-square-foot facility replaces an older building in
Centerville, increasing its capacity. |
Other Business Articles
Up to 700 May Loose Jobs in Merger of Two Largest Mormon Banks
The Deseret News reports that while the exact number of jobs lost from
the merger of First Security Bank and Zions Bancorp won't be known for
a couple weeks, layoffs should be about 700. In addition, 900 jobs
have not been filled as employees left them since the merger was
announced. In addition, some employees will be employed by the bank
that purchased the branches they work at. The deal combines two banks
started by Mormons.
Oddly, the Daily Universe reported a day before the Deseret News that
no jobs would be lost in the merger. The firms have also cut a deal
with Hawaii-based BancWest Corp., which will purchase 68 of the Utah
and Idaho branches of the combined bank.
700 to lose jobs in big bank merger
Deseret News 13Jan00 B4
http://deseretnews.com/dn/view/1%2C1249%2C145018919%2C00.html
Employees guaranteed jobs in First Security-Zion's merger
(BYU) NewsNet 12Jan00 B4
http://newsnet.byu.edu/noframes/show_story.cfm?number=7179&year=current
2 Utah banks sell 68 branches
Deseret News 18Jan00 B4
http://deseretnews.com/dn/view/1%2C1249%2C150007091%2C00.html
By Max Knudson: Deseret News business editor
Hawaii firm buys merger divestitures
Dish Network adds BYU programming to its free channels
Satellite TV provider DISH Network announced recently that it will
provide BYU's television channel on its network. The announcement was
part of a package of new Educational and Informational channels that
the company is offering at no additional charge to its subscribers.
DISH Network Offers Public Interest Programming
Business Wire 10Jan00 B3
DISH Network Launches New Educational and Informational Channels at No
Extra Charge
LDS Church is one of Great Falls, Montana's Largest Employers
In an article examining the expansion of technology into rural areas
and Montana's attempt to attract engineering firms to its area, the
New Republic claims that the LDS Church is one of Great Falls' largest
employers. The article indicates that a supermarket chain owned by the
Church and a pasta factory are the largest employers in the town.
Flight of fancy
New Republic 10Jan00 B3
ZCMI Stores Closing for 2 Weeks of Renovations, But Name Not Changed
Yet
ZCMI's stores in Utah and Idaho shut down after the close of business
on January 15th and will not reopen until January 31st, as the stores
are renovated. The chain, which was sold to St. Louis-based The May
Co., will eventually be renamed Meier &Frank, one of May's chains.
The renovations include switching ZCMI over to May's own proprietary
sales terminals.
Refitting ZCMI
Deseret News 13Jan00 B4
http://deseretnews.com/dn/view/1%2C1249%2C145018897%2C00.html
By Max Knudson: Deseret News business editor
Stores closing for 2 weeks of changes -- but the name will stay for
now
Business People:
Marva Sadler named co-chief executive of Achieve Global
BYU graduate Marva L. Sadler has been appointed co-chief executive
officer of AchieveGlobal, Times Mirror's skills training and
consulting services company. Sadler is a former broadcaster and
management consultant. She was executive vice president and chief
financial officer of the firm.
Times Mirror Announces New Appointments
Business Wire 12Jan00 B2
Tom Long named Chief Operating Officer, Oce Printing Systems
Long is expected to assume in May the full CEO responsibilities of
Oce, the U.S. operation of the Dutch company Oce NV which manufactures
high-performance printing systems, copiers, plotters and associated
products. Long, a BYU graduate, joins Oce from Xerox, where he spent
13 years, and IBM where he had a 14 year career.
Tom Long Appointed Chief Operating Officer for Oce Printing Systems
USA, Inc.
Business Wire 13Jan00 B2
David Pierpont Gardner joins Charitableway board
After retiring as president of the William and Flora Hewlett
Foundation, former University of Utah President David Pierpont Gardner
has joined the board of the nonprofit venture Charitableway. The
venture launched a public web site at http://www.charitableway.com/ in
October of last year to provide information and ways to donate to
charities. Gardner, a BYU graduate, was president of the University of
Utah from 1973 to 1983 and then was president of the University of
California system from 1983 to 1992.
Former President of Hewlett Foundation and University of California
Joins Board of Charitableway
BusinessWire 12Jan00 B2
G. Scott Spendlove promoted to VP Corp Development
36-year-old G. Scott Spendlove was promoted to Vice President
Corporate Development and Investor Relations by Ultramar Diamond
Shamrock Corporation January 12th, the company announced. The publicly
traded company is one of the largest independent petroleum refiners
and marketers in North America, operating six refineries in the U.S.
and Canada. Spendlove, a BYU graduate, joined the company in 1990
after working for Unocal.
Ultramar Diamond Shamrock Corporation Announces New Vice President
Corporate Development and Investor Relations
BusinessWire 12Jan00 B2
Matt Mosman promoted to Senior Vice President of Oracle
Mosman will be responsible for Corporate Development, mergers and
acquisitions, joint ventures, spin-offs, etc. He joined Oracle in 1996
from corporate development positions at Compaq Computer, Central Point
Software and Sequent Computer. He has a BA in English and an MBA from
BYU. Oracle is the world's leading supplier of information management
software, and is the world's second largest software company, with
annual revenues of $9.3 billion.
Oracle Announces Promotion of Corporate Development Executive
PRNewsWire 10Jan00 B2
Bill Mott named to head eConvenienceStore.com
Seasoned software sales executive Bill Mott will oversee Torreon
Holding's new eConvenienceStore.com venture. The venture provides a
service for merchants without technical expertise to building Internet
stores. Mott, a BYU graduate, has 20 years of experience building the
sales of firms like Jenkon International, 2021 Software and InfoTrax.
Torreon Holdings Inc. Announces its Subsidiary Company TORR - One E
Group Inc. Has Launched eConvenienceStore.com
BusinessWire 13Jan00 B4
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