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Business News
Tribune Loses Attempt To Block Sale |
US District Court Judge Tena Campbell turned
down the Salt Lake Tribune's request that she halt the paper's sale
to Denver's MediaNews group. Campbell denied all the Tribune's
claims, saying that the evidence did not support the claims. The
Tribune said it plans to appeal the ruling to the US 10th Circuit
Court as early as Monday. |
Bonneville Buys Chicago's WNIB, Fans Fear Format Change |
LDS Church-owned radio company Bonneville
International agreed last week to purchase Chicago classical music
station WNIB-FM and its sister station WNIZ-FM for $165 million
increasing Bonneville's presence in Chicago to five stations. But the
announcement left fans of the 45-year-old station certain that it
will not keep the classical format, instead choosing a more
profitable format that fits better with Bonneville's other stations
in Chicago. |
Huntsman Gives School To Armenia |
LDS billionaire Jon Huntsman's commitment to Armenia
has brought the country a new school. The earthquake-devastated city of
Gyumri recently dedicated a new 20-classroom school financed by Huntsman. |
Stirling Member Selling Business |
Five years ago, Reg Ellet, a member of
the Lethbridge Alberta East Stake, conceived a product which would
help seniors find recreation in an area many would never think they
could. |
Myriad Genetics' Cancer Drug Purchase Lifts MSI |
Myriad Genetics' purchase of the rights to a
potential cancer drug pushed its stock price up more than 35% for the
week, contributing the most to a rise in the Mormon Stock Index for
the week. Along with the broader NASDAQ's more than 10% rise, the MSI
rose 5.5%, also helped by strong performances from Micrel
Semiconductor, which rose nearly 40% and Corvis, which rose 26%. |
Other Business News
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