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Business News
| LDS Millionaire Launches Ambitious Effort to Help Homeless |
| When it comes to helping the
disadvantaged and the disenfranchised in the world today, it
sometimes seems that too many people "talk the talk" but don't ever
"walk the walk." John Volken, owner of United Furniture Warehouse in
Canada, a furniture company with $200 million in annual sales, hopes
to demonstrate that one person can make a difference. |
| Redlands California Notice Confuses Neighbors, City |
| The news that the LDS Church will build a
small Temple in Redlands, California led to a city council session on
the planned building Tuesday night. Councilman Kacey Haws, an LDS
Church member, tried to give his fellow city councilmen an idea of
the Temple's size, purpose and impact. But meanwhile, recent articles
in local newspapers showed a good deal of confusion and speculation
among Redlands citizens and others in California's "Inland Empire"
about the building. |
| Marriott Abandons Bid for Le Meridien in Final Round |
| Marriott, International, the giant hotel chain run by LDS
Church member J. Willard "Bill" Marriott Jr., dropped its bid for the Le
Meridien chain of luxury hotels after it wasn't named the preferred bidder
in the final round. The auction of the 150-hotel chain was part of the
auction of the hotel properties of Compass Group PLC, in what has been
called the world's largest hotel auction. Marriott had been expected to win
Le Meridien, and dropping its bid led to the company's stock price to fall
5% yesterday. |
| Marriott Expected to Win Le Meridien Auction |
| The bid by the Marriott Corp. for the Compass
Group's upmarket Le Meridien Hotel chain, submitted Monday, is
expected to beat that of Nomura to win the auction, industry sources
say. Final bids in the range of $2.44-2.58 billion were due Monday to
finish what has been the world's largest hotels auction. An
announcement of the winner could come as early as today. |
| MSI: Dell Forces Mormon Stock Index Down |
| Worries over Dell Computer's future earnings led to a
14% drop in its stock price, which pushed the Mormon Stock Index down 4%
last week. The drop left the index at 116.57, down 5.16 for the week. |
| Church Receives Historic Preservation Award |
| The Church of Jesus Christ of Latter-day Saints
today received the prestigious Award for Excellence in Historic
Preservation for the restoration of the "Joseph Smith Farmhouse" in
Palmyra, New York. |
Other Business News
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