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Business News
Sheri Dew Promoted to Run Deseret Book |
Sheri L. Dew, 48, Second Counselor in the
General Relief Society Presidency of The Church of Jesus Christ of
Latter-day Saints, has been named the new president and CEO of
Deseret Book Company, replacing Ronald A. Millett, 54, who will serve
as an LDS mission president starting in July. Dew becomes the first
woman to head the company, which is owned by Deseret Management
Corp., the for-profit holding company of the LDS Church. |
MSI: AES Corp. Woes Push MSI Down Further |
Doubts about the ability of giant international
power company AES Corp. to sell $1 billion of assets to meet a
liquidity crisis drove the company's stock down another 41% last
week, dragging the Mormon Stock Index down also in a weak market. The
index fell 2.74 (2.65%) for the week as giant computer manufacturer
Dell Computer fell 7.2% and bio-technology firm Myriad Genetics
dropped 17.9% for the week. |
LA Times Looks at Deseret News' Woes, Salt Lake Newspaper Battle |
A Los Angeles Times article, reprinted
recently in the Salt Lake Tribune, looks at the difficulties faced by
the Deseret News and the current battle between the newspaper and the
Salt Lake Tribune. Times reporter Gorman suggests that the News is an
anachronism, unabashedly embracing the values of its owner, the LDS
Church. |
Daw Technologies Replaces Mission President Founder |
Nearly a year after its founder, Ronald W.
Daw, left the firm to serve as an LDS mission president, Daw
Technologies has hired BYU graduate James (Jim) C. Collings, 47,
asthe company's new chief executive officer (CEO). |
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