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Business News
Down Market, Sept. 11th Shuffles List of Richest Mormons |
The current issue of Forbes magazine lists the
400 richest Americans, and in the process reveals a list of the
world's richest Mormons. The seven men on the list haven't changed
since Forbes list of billionaires this past summer, but their order
has shifted because of the declining market and the aftermath of
September 11th. |
Salt Lake Biotech Company Identifying the Victims |
A Salt Lake City biotech company on the Mormon Stock
Index is doing much of the work most crucial to the families who lost
relatives in the attacks on the World Trade Center -- identifying the
remains, however small, of the victims. Myriad Genetics is processing both
the DNA samples of the victims and those provided by the relatives so that
matches can be made in what promises to be a long process. |
MSI Up Less than Broader Index, AES Falls 47% |
As U.S. Stocks recovered somewhat from the drop
after this month's terrorist attacks, the Mormon Stock Index also
rose, but its rise was hampered by AES Corp. which dropped by half
its value after indicating that its earnings wouldn't meet
expectations. The MSI rose just over 3% for the week, while the Dow
Jones Industrials, NASDAQ and NYSE composite were all up more than 7%. |
Other Business News
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