|
Business News
Marriott Asks Congress for Travel Tax Credit |
Marriott International CEO and LDS Church member
Bill Marriott Jr. testified before the Senate Commerce Committee's
Tourism Subcommittee on Friday that the travel industry needs support
after the September 11th terrorist attacks on the World Trade Center
and the Pentagon. Marriott argued not for direct federal assistance
to his or any other company, but rather for a tax credit that would
induce travelers to travel again. |
Cleaned-Up Video Concept Expands to Southern Utah |
The controversial practice of editing videos to remove
objectionable dialogue, sex and violence has expanded to Southern Utah from
Utah's wasatch front, with Play It Clean stores opening earlier this year in
St. George, Utah and this month in Cedar City, Utah. But while the concept
is expanding in popularity, its legal status isn't entirely clear, and the
nascent industry isn't getting any cooperation from Hollywood. |
Delta Sells SkyWest Stake |
Delta Air Lines announced last week that it has sold its
11 percent stake in SkyWest, the regional airline run by LDS Church member
Jerry Atkin, but added that the sale won't affect its partnership with the
regional airline. Delta sold 6.2 million shares of SkyWest for $125 million,
raising $125 million in cash. "This transaction is part of our ongoing
effort to further enhance our cash position," said Delta spokesman Tom
Donahue. Both Delta and SkyWest are in comparatively good financial
positions, compared to similar airlines. Delta already owns two regional
airlines, Atlantic Southeast Airlines and Comair, which it purchased in
recent years. |
MSI Up 5% Again |
The Mormon Stock Index rose another 5% last week as it
continued to recover following the September 11th terrorist attacks, this
time from a broad list of companies up substantially. Dell, Candence Design,
Corvis, AES and Micrel Semiconductor all pushed the index up, almost to its
initial, January 1, 2000 level. |
Marriott Again Wins Working Mother Award |
Hotelier Marriott International has once again
been recognized by Working Mother magazine as one of the ten
companies that are exceptionally progressive in their treatment of
working mothers. The magazine issued its 16th annual list of top
employers last week, and Marriott has been in the top ten on the list
for 11 years. Working Mothers CEO Carol Evans told the Associated
Press that earning the award takes a lot of effort by a company,
"This is about meeting our employees' needs, not just building a day
care center." The list is compiled in a year-long process that
analyzes public information about the companies, as well as responses
to a questionnaire. This year's results were compiled before the
September 11th terrorist attacks. |
Contest Gives Young Women Chance to Design Own Prom Dress |
Modest By Design is excited to announce their 2nd Annual
Prom Dress Contest. This gives girls from 15-18 a chance to design the dress
they have always dreamed of wearing to the Prom. In addition, the winner
will receive a $50.00 gift certificate to Claires for all her accessories
and another $50.00 gift certificate to Payless Shoe Store for her perfect
set of shoes to match her dream dress. |
Other Business News
|
|
|
QUOTE:
[an error occurred while processing this directive]
|
|