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Business News
Small LDS Publisher Cornerstone Buys 29-year-old Horizon |
Cornerstone Publishing, a small LDS publisher
started about two years ago by Richard Hopkins, last month purchased
the older and larger book publisher Horizon Publishing and
Distribution, owned and operate by LDS author Duane Crowther. The
purchase makes Cornerstone one of the five largest LDS publishers,
increasing its number of titles inprint from less than 20 to more
than 400. Crowther reportedly sold his business to serve an LDS
mission in Mexico. |
LDS Man's Buyers Club Collapses After Suit by State of Ohio |
A buyer's club started by an LDS man and based in
Westerville, Ohio, closed September 1st, a week after Ohio Attorney General
Betty Montgomery filed a lawsuit to force the company to return to its
customers $100 million. The Attorney General claims that the Purchase Plus
Buyers Group was a ponzi scheme that prayed on relationships, primarily in
the LDS community. |
LDS Church Member Dimon McFerson's Last Hurrah |
LDS Church member Dimon R. McFerson, chairman of
Nationwide Insurance and longtime proponent of Nationwide's home,
Columbus, Ohio, is being honored for his contributions to Columbus
just as he retires from the Insurance giant. McFerson has served for
many years on the board of Ohio's Center of Science and Industry,
overseeing the center's move to a new, larger facility last year that
is getting positive reviews. |
High Tech Stocks Push Up Mormon Stock Index |
Led by high tech stocks rising with the general US
stock market, the Mormon Stock Index surged by 5 1/2% to close at 145.33, a
new high for the year. The index was led by a resurging Caldera Systems,
which finally joined other Lynux operating system vendors in recovering
after sliding for most of the year. Caldera jumped 47% for the week. |
Other Business News
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