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Business News
How Jonathan Coon Started $100 Million Business in BYU Dorm Room |
LDS Entrepreneur Jonathan Coon is a millionaire now, but
even he didn't see it coming when he started selling disposable contacts
from his BYU dorm room. Coon's inspiration, reached when he saw another
retailer's flier and decided he could do the same thing from his room, is
now known as 1-800-CONTACTS, a publicly traded company with sales during the
first nine months of 2000 in excess of $100 million. |
Arthur Hardman, Founder of Second Largest LDS Publisher |
Arthur Hardman, founder of what has become
the second largest provider of LDS products, Covenant Communications,
died November 26th in Salt Lake City, Utah. He was 86. Hardman ran
Covenant, then known as Covenant Recordings, from its beginings in
1958 until he sold it to its current owners in 1977. |
Four MSI Stocks Off More than 25% |
The Mormon Stock Index dropped again this past
week, as the broader indices pushed the market down and major
components of the index struggled. In all, five Mormon stocks fell
more than 15%, led by environmental packager EarthShell, whose 3rd
quarter results failed to live up to expectations, driven by postive
news of the pending adoption of its clamshell by McDonalds. |
Other Business News
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