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Business News
Huntsman to Delay Purchase of ICI Stake Says Reuters |
Billionaire Mormon businessman Jon M.
Huntsman is expected to announce this week a new deal, says Reuters,
with Britain's Imperial Chemical Industries Plc (ICI) that will delay
the planned buyout of ICI's 30% stake in Huntsman International. The
delay, expected to be for at least a year, highlights the weakness in
the commodity chemicals industry and in Huntsman's financial
position, trouble that led Huntsman Corporation, which owns the
billionaire's North American operations, to drop two interest
payments and watch its bond ratings drop into S&P's cellar. |
LDS Church's Deseret Ranch Experimenting with Shrimp Farming |
Desert Ranch, a 300,000 acre cattle ranch owned
by The Church of Jesus Christ of Latter-day Saints, has begun
experimenting with shrimp farming, as have many citrus growers in
South Florida. The ranch, located in St.Cloud, south of Orlando, is
considered the largest east of the Mississippi river in the U.S. |
KZION's Growth Leads to Call for Help |
In just 15 months KZION has grown from a few
songs in our database to over 2,100 tracks. We started out with under
500 unique visitors to the KZION website per month to well over 7,000
in November. |
MSI: Clothing Manufacturer Join Mormon Stock Index, But Index Falls 2.75% |
Despite the addition of clothing manufacturer
Tropical Sportswear to the Mormon Stock Index, the index dropped
2.75% in a broad-based decline. Overall 30 of the now 44 companies on
the index fell for the week, while just 14 rose. But the index
equaled or bettered all the major indexes except the Dow Jones
Industrials (down 2.4%). |
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