Huntsman Will Miss Bond Payment

Huntsman Corp., the group of companies owned by LDS billionaire Jon Huntsman and his family, announced Friday that it will not make interest payments on its corporate bonds in December and January. In a filing with the Securities and Exchange Commission, the company blamed the missed payments on an industrywide downturn that included weak demand, heavy competition and high energy costs. The company's difficulties have been known at least since early August, when Forbes magazine reported that Huntsman was in "a very tight spot."

Mormon Stock Index Featured in Salt Lake Tribune, Announces New Website

Mormon News' oldest regular feature, the Mormon Stock Index, was the subject of a major story in the Salt Lake Tribune today. The feature article covered a major portion of the first Business section page and was mentioned on the Tribune's front page. The article also included a chart of the index's performance since inception and information on how companies qualify to be included. The article (without charts) is available on the Tribune's business page at http://www.sltribune.com/12022001/business/business.htm .

Marriott Name May Grace U.S. Casino for First Time

Marriott International may place its upscale JW Marriott name on the recently bankrupt Las Vegas Regent Resort at Summerlin, Nevada after Hotspur Resorts assumes control of the 541-room gaming property. Hundreds of workers at the Regent were laid off as a condition of the $80 million purchase by Vancouver, British Columbia-based Larco Investments, the parent company of Hotspur, which owns hotels and a mall in Canada.

MSI: Four Companies Join Mormon Stock Index Amid Media Attention

Four companies joined the Mormon Stock Index this week because of attention from print media and improving fortunes at two small firms. Within hours of a feature article in the Salt Lake Tribune that mentioned the index, Fred P. Lampropoulos of Merit Medical Systems told Mormon News about his firm and a website visitor indicated that Gary Crittenden, CFO of giant financial services firm American Express Company is Mormon. Meanwhile, improving fortunes at Franklin Covey and TenFold put both firms back on the Mormon Stock Index.

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