The Orlando Sentinel from Orlando, Florida • Page 29

The Orlando Sentinel SATURDAY, JANUARY 25, 1 997 Business Inside, C-10 Program trading pushes blue chips to first losing week of the year. Markets, C-2 Growing Celebration has a few growing pains THE MARKETS By Jerry Jackson OF THE SENTINEL STAFF homes was acquired from its builder for $260,000 in September and resold for $272,000 in December. The 4.6 percent gain would barely cover the costs of a' typical home sale, brokers said. The former owners, Luba and Michael Bilentschuk, said they actually took a $2,500 loss on the sale because they were unhappy with the Celebration school and what they considered to be broken promises about the quality of its curriculum. Please see SALES, C-9 "We have seen no signs of that," Pitt said.

He would not say whether the two families that left had to forfeit any gain from their resales to a nonprofit charity, as the covenants require. "We're just not going to get into those kinds of details" for privacy reasons, Pitt said. Enforcement of the covenant restrictions is at the discretion of Celebration, he noted, and because the families that moved were not deemed to be speculators, "you can draw conclusions from that." Court records indicate that one of the inability to get into Celebration. Home sales began in late 1995 and the first family moved in last June. Now at least two families have already resold their homes in the project.

Covenants signed by the home buyers generally require them to live in their home for nine months to a year before selling. Exceptions are allowed for such things as a job transfer or divorce. Larry Pitt, a Walt Disney attorney representing Celebration, said the restrictions were designed to discourage speculators. Dow Jones industrials 6,696.48, down 59.27 500 770.52, down 7.04 NYSE index 405.51, down 3.64 Nasdaq index 1,363.83, down 14.54 AMEX index 692.45, down 8.04 Dow Jones bond index 103.31, down 0.04 Gold, Comex close $353.10, up $1.00 Silver, Comex close $4,956, up $.104 Dollar, Fed index 92.12, down 0.66 Prime rate 8.25 Mortgages, 30-year 7.25-8.375 1-yr. Treasury index as of Jan.

21 5.61 Consumer Price Index, Dec 158.6 LOCAL-INTEREST STOCKS Celebration, the new mixed-use development by Walt Disney Co. south of Orlando, has a touch of Disney's make-believe atmosphere. But the real world is at work already. Despite some of the toughest resale rules in the country, several families have already packed their bags and left. That, even as other families are frustrated by an Meredith to purchase Channel 6 Albertson's 35Mi Va Kmart 11 -Vl 3814 LockMartn 89 -1 Anheuser 42Wi Unch.

Lucent 53W) -2 Barnett 43'A -11 Marriott 53 -M BellSouth 431 NorthropG 76 ColumHCA38y Unch. PepsiCo 33 -1 DardenR 7 -Va PlntHlywd 19'A Delta 81Vfe -VA Sprint 39 -1 Disney 71 'A Sears 48Vfe Eckerd 31 Vi SunTrust 48 First Union 80 Tribune 36 -1 Harris 78 Vi Tupperware 53 -Va Hughes 40 -VA Wal-Mart 23 Va in 43 Winn-Dixie 31 'A By Rene Stutzman y'" a-wjl Stiff Sa OF THE SENTINEL STAFF Stock updates: http:www.orlandosentinel.com Chiles seeks disaster aid Gov. Lawton Chiles has asked the U.S. Agriculture Department to declare 20 Florida counties disaster areas after last week--end's hard freeze damaged winter vegetables and citrus crops throughout the state. "While citrus losses are still being assessed, early reports indicate 10 percent to 35 percent of the crop being affected in certain counties," the governor said in his letter.

The list includes Orange, Lake and Osceola counties. Planet Hollywood adds 2 execs Planet Hollywood International Inc. has added two senior executives, the company I i wrTTTrj.i--. ryi "rzr i wug 1 -trrs'w, 1 I GEORGE SKENETHE ORLANDO SENTINEL announced Friday. Brian Woods, 37, will become president of the Planet Hollywood brand, which includes management and expansion of the restaurants and merchandise Employees at WCPX-Channel 6 were upbeat Friday, while up the road at WOFL-Channel 35, staffers were worried.

The reason: Meredith the owner of WOFL, announced it has agreed to buy WCPX as part of a three-station deal worth $435 million. That means Meredith, publisher of Better Homes and Gandens, will have to trade or sell one of the two Orlando stations. Federal regulations bar one company from owning two television stations in one market. Meredith President William Kerr said the company had not yet decided which one it would keep. Already, he said, it had received inquiries about both.

But employees at both stations speculated that Meredith likely would deal away the highly profitable WOFL as well as its sister station, WOGX-Chan-nel 51 in Ocala-Gainesville. The two Fox affiliates are operated jointly out of WOFL's studios in Lake Mary. WCPX, consistently the No. 3 news station in the market, is considered by analysts to be a major turnaround story waiting to happen. Although WOFL currently nets more money, some analysts think WCPX has more growth potential.

First Media Television LP put WCPX and its other stations up for sale in October, citing rising prices. For its $435 million, Meredith would get WCPX, a CBS affiliate, as well as the two Fox affiliates owned by First Media: KPDX-Channel 49 in Portland, and WHNS-Channel 21 in Asheville, N.C.-Greenville, S.C. The deal also includes a low-power station in Bend, Ore. Kerr said the stations fit well into Meredith's plan to expand its broadcast holdings. "We believe to be a successful player it's important 1 has to go.

If Meredith deal to buy WCPX-Channel 6 is finalized, it will have to sell or trade WCPX or its other Orlando TV station, WOFL, because of federal regulations. Meredith's president says the company has not decided which one it would give up, but Meredith has received inquiries about both. It J' 4U 4 stores. Woods most recently was executive' vice president and chief marketing officer at Blockbuster Entertainment Group. Ian Hamilton, 40, will be president of the Official All Star Cafe brand.

Hamilton was global director of tennis sports marketing at Nike Inc. Both men will assume their posts Feb. 1. Planet Hollywood is an Orlando-based theme restaurant company. Java drinkers may be in for jolt Coffee drinkers can expect higher prices this year amid depleted stocks at roasters and an expected smaller crop next season in Brazil, the world's largest producer, market analysts said Friday.

Tight supplies because of a long dockworkers' strike in Colombia and the outlook for lower harvests elsewhere have already pushed futures prices sharply higher in recent weeks to their highest level since 1995. No U.S. coffee roaster has raised its posted prices yet, but analysts say increases may not be far off if the trend in the futures market continues. Spanish news network to close NBC is shutting down its Spanish-language cable news network, Canal de Noti- Please see WCPX, C-9 ANGELA PETERSONTHE ORLANDO SENTINEL Lockheed's Orlando unit to hire 200 this year By Richard Burnett OF THE SENTINEL STAFF cias, amid growing com- I 3t peuuun anu plans to ex-l ntln Pand the reach of hires in Orlando are expected to outnumber the jobs eliminated through layoffs or attrition. Employment at Lockheed's missiles unit peaked in the mid-1980s at 15,000.

The missiles unit now employs about 4,000. Another 2,200 work at Lockheed's information-systems facility in east Orlando. "This is the first real action in years that shows we are on a growth path in Orlando for the future," Lockheed spokesman Al Kamhi said. In November, Lockheed announced plans to move about 225 jobs to Orlando from Los Angeles as a result of its consolidation with the former Loral Corp. As part of the safne action, more than 200 jobs are being relocated to an Ocala plant, and a small number are going to Lockheed's plant in Troy, Ala.

Lockheed has offered job transfers to the former Loral workers in Los Angeles, but it is not yet clear how many will accept the offers, Kamhi said. Expanding its software-engineering staff is a separate initiative not related to the Loral consolidation, officials said. Most of the new software-engineering staff will work on fire-control systems technology that gives weapons precise accuracy in the air or on the battlefield, Kamhi said. Please see LOCKHEED, C-9 Latin America. Canal de Noticias has not been Lockheed Martin Orlando missiles unit plans to hire at least 200 software engineers and other support staff in 1997 to handle a new round of advanced projects for the Pentagon, company officials said Friday.

Lockheed is expanding its engineering staff to work on next-generation systems now in development as well as established programs such as the Lantirn night-vision system for fighter jets, officials said. Lockheed this is the first year this decade that new Investigation under way for hospital records Company bans even the mere smell of smoke ASSOCIATED PRESS By Suzy Hagstrom OF THE SENTINEL STAFF profitable since its launch in March 1993. The network reaches about 5 million households, mostly through cable but also over the air and through direct satellite systems. About 1.2 million of those homes are in the United States. NBC, a unit of General Electric said the closure will take place in the second quarter of this year.

Nabisco may revive cracker Food giant RJR Nabisco is poised to crumble in the face of angry Mainers upset about the culinary downsizing of their favorite chowder cracker. Nabisco officials have scheduled an announcement for Feb. 4 in Boston to respond to a campaign to save the Crown Pilot cracker, which the company stopped baking last May after 204 years. Hummer maker cuts more jobs AM General maker of the all-terrain Hummer, is eliminating more jobs and likely will close one of its plants in an effort to streamline operations in the age of declining military budgets. On Friday, the company said it is cutting 100 management jobs, or more than 17 percent of its salaried work force.

The cuts came just two days after AM General said it will likely close its Indianapolis stamping plant, costing about 200 jobs. -v. 1 1 MB tion," Weiden said. "Because we haven't had access we cannot verify if it came from a Charter facility." Colleen David, a spokeswoman for the Florida Agency for Health Care Administration, said regulators are concerned because state laws require hospitals and other healthcare providers to keep patient files confidential. "We'll hold the hospital accountable for safeguarding patient records," she said.

"So far, our information is from third-party reports. We have yet to fully confirm that" Charter Hospital Orlando South treats adults and children with psychiatric and substance-abuse problems. The 60-bed facility is owned by Charter Behavioral Health Systems, a subsidiary of Magellan Health Services in Atlanta. Last summer, the U.S. Justice Department accused Charter of defrauding the federal government of millions of dollars for unnecessary treatment.

The suit is pending in U.S. District Court in Orlando. WILTON, N.H. If you're visiting Kimball Physics, be prepared to pass the sniff test administered by receptionist Jennifer Walsh. If she catches a whiff of cigarette smoke on your breath, hair or clothes, she will ask you to step outside.

To protect its employees' health, the electronics manufacturer bars anyone who has smoked in the previous two hours or even smells of tobacco. The 3-year-old policy, which applies to visitors and employees alike, helps keep airborne particles out of the laboratories where workers assemble Kimball's main products, ion and electron guns used in equipment such as electron microscopes. But it was primarily intended to protect employees' health, President Chuck Crawford said. "It is our experimental experience Please see SMOKE, C-9 The Florida Agency for Health Care Administration said Friday it is investigating whether patient records were taken from a psychiatric hospital in Kissimmee. The agency is responding to allegations that someone bought a used computer containing information about clients of Charter Hospital Orlando South.

Joel Weiden, a spokesman for Charter Behavioral Health Systems, said hospital officials are working with state regulators to find the computer and determine whether the records belong to Charter. Weiden stressed that the most-sensitive data patients' medical and treatment files are not computerized. However, billing, insurance and administrative data are, he said. "Since we were notified of this matter, we have to no avail tried to gam access to the informa Compiled from staff and wire reports The Orlando Sentinel Watch for Sentinel business news on WFTV-Channel 9, Monday through Friday at 5:52 a.m. ASSOCIATED PRESS wFrv Uncontaminated.

Maria Farkas (left) and Sandra Howe work at smoke-free Kimball Physics..