Lexington Herald-Leader from Lexington, Kentucky • 21

Thursday Inside Section Dow -7535 1069029 June 10 1999 Lockheed Martin shares plummet on news of disappointing profits Page G2 Commodities Foreign Exchange Market Day Mutual Funds C4 C3 C3 C5 Business Editor: jacalyn Carfagno To report a news tip: Call 231-3200 or toll-free at (800) 9506397 hlbusinessherald-leaderoam Market Day PageC3 Lexington Herald-Leader Online: wwwJcentudtyoonnectoom Shorttakes Requests highlight harness struggle Track worker drug tests in works By Janet Patton Robert Stallings the commissioner herauheader busmess writer who led the writing of the regulations LOUISVILLE The Kentucky Rac- Personnel would be tested "if they coning Commission is preparing to hold a ducted themselves in a manner that public hearing this summer on a contra- brought them under the scrutiny of the versial plan to allow drug mid alcohol Stallings told die commission testing of track personnel Concerns yesterday centered on what "Die people that are a danger to oth- some commissioners and industry offi- era or to animals primarily die people dais saw as the vagueness of the pro-who rick them my said posed regulations which do not establish Chairman Richard Taylor a minimum level in drug testing and dealing with animals that cost what others saw as an unnecessarily a lot of money and what trying to strict level for alcohol infractions do is set a very high degree of care" said "The Jockeys Guild has reviewed this commissioner Frank Jones Jr and given it our total said Testing would be random said -v See RACING C2 By Janet Patton HERAUMEAOER BUSINESS WHTER LOUISVILLE With race-trades near the heart of the looming debate on expanded gambling in Kentucky the questions of just what is a track and which ones will survive arose yesterday in connection with two harness racing tracks traditionally power cousins when compared to prosperous thoroughbred racetracks Two requests yesterday show how hard tracks are trying to survive with the prospect of track-based casino gambling in their future The Red Mile asked the Kentucky Racing Commission for a change in rules that it says is crit- Analysis ical to its ability to stay in business Meanwhile harness track Thunder Ridge near Prestonsburg received the right to open near Hazard an offtrack betting location and call it an extension of the actual track as Kentucky law now allows In the debate over expanding Kentucky gambling to indude casinos speculation has centered on the possibility that such gambling could be limited to places where people already wager tracks Trustees of The Red Mile have publicly supported this idea See TRACKS C2 the same -V Sr a JT 1 O': challenges i you would find in any other city They all have the same issues access to information access to capital and just access to the essentials of Do Ass Nichols director of minority business development for the Greater -Lexington Chamber of Commerce describing the challenges facing minority businesses In Lexington A tVS TELEPHONES BellSouth considers buying rest of Qwest BellSouth Corp is weighing plans to buy the remaining 90 percent of Qwest Communications International Inc to enter the longdistance telephone market and provide mate customers with high-speed Internet access hi a recent filing with die Securities and Exchange Commission BellSouth said it considered and continues to various alternatives including which may result in die acquisition of a control position in or combination Qwest Tyler Gronbach a spokesman for Denver-based Qwest said not going to comment on any kind of Tim Klein a spokesman from BellSouth said he would not comment beyond the filing which was dated May 27 PERSONNEL Fisher to step down as Kodak CEO: George Fisher hailed as savior when he took charge at Eastman Kodak in 1993 will step down as chief executive at year's end his vision of growth for the photo company spoiled by a film price war that has led to 20000 job cuts Fisher 58 the first outsider hired as CEO in Kodak history will hand over the post to a veteran insid- Fisher er company president Dan Carp 51 but remain chairman until January 2001 BENEFITS Automaker may expand health services: DaimlerChrysler might start including suppliers and dealers in its health-care coverage as part of a pilot program to buy health-care services in bulk The automaker wants to start the program by the end of the year with an unspecified number of suppliers company officials said Tuesday fl ACQUISITIONS IBM to buy Internet services company: International Business Machines Corp said yesterday it agreed to acquire Whistle Communications an Internet services company Financial terms were not disclosed IBM said it will combine capabilities with its own applications to provide electronic-commerce services for small companies WORLD TRADE Rubin warns of protectionist backlash: Congress is increasing the risk of a devastating chain-reaction of trade protectionism by pushing a bill to sharply limit foreign steel shipments into the United States Treasury Secretary Robert Rubin warned yesterday Rubin said he was worried about demands for trade barriers in the United States and a retreat from further integrating the United States into the global economy Rubin was particularly concerned by a House-passed measure that would impose quotas on shipments of foreign steel into tire United States Rubin contends that the bill is clearly in violation of global trading rules administered by the World Trade Organization and would trigger similar moves by other countries against American exporters LEGISLATION McConnell pushes auto Insurance plan: US Sen Mitch McConnell continued trying to steer his legislation through Congress testifying yesterday at a Senate hearing that the proposal to revamp auto insurance could save drivers $193 billion over die next five years The plan would let drivers give up the option of suing fix- pain and suffering in auto accidents in exchange for lower rates McConnell R-Ky has steadily pushed die plan for several years At Senate Commerce Committee hearing Democratic Sens Daniel Patrick Moynihan and Joseph Lieberman as well as former Democratic presidential candidate Michael Dukakis testified in support of the bilL But consumer advocate Ralph Nader said the plan would trade constitutional rights for unproven savings KENTUCKY Lexington dlnnerroovle theater closes: The movie theater inside Lexington Mall closed last Thursday and its owner said he know whether he will reopen it now I am not 100 percent sure what is going on with said Ronnie Deskins owner of die Lexington Cinema Grill Deskins would not say why he closed the two-screen theater Lexington Cinema Grill opened in September in die site of the old Sony Theaters which closed in June 1997 The Cinema Grill was the only dinnermovie theater in Lexington to build power plant In Georgia: Kentucky-based Energy Corp is building a 450-megawatt natural gas-fueled power plant in Monroe Ga to meet the growing summer demand for electricity in the Southeast The company declined to say how much the plant will cost but said it should be completed in June 2001 Monroe officials said the investment is worth $100 million said its electricity will be sold under contract to wholesale marketers that supply other utilities COMPILED FROM STAFF WIRE REPORTS DANIEL WAIIACCSTAFF involves minorities Chamber By Andrew DeMillo HERALDLEAOER STAFF WRITER De Asa Nichols expecting a history lesson when she stepped into Hatters on a recent spring day but she got one She had planned to stay at Lucille Jackson's hat boutique on DeWeese Street for only 10 minutes Jackson held her attention for more than three hours "She gave me the entire history of minority businesses in Lexington" Nichols said "It was definitely an eye- recruiter opening And a history that some say Nichols is helping to rewrite This year she was appointed director of minority business development for the Greater Lexington Chamber of Commerce It was a new position for the chamber but one that was tailor-made for Nichols said Frank Minnifield a member of the committee that recruited Nichols "She has a real passion for working with small and minority-owned businesses" said Minnifield a home builder and owner of Minnifield Enter-prize Inc "We wanted someone with that kind of For the last three months Nichols has been trying to get more minority businesses involved in the chamber With only 30 minority-owned businesses in its membership of 2000 the chamber and Nichols are aware of the challenges facing them the same challenges you would find in any other Nichols said "They all have the same issues access to information access to cap-ital and just access to the essentials of Recruiting minority-owned businesses and helping them network may seem like a daunting task in a city with a minority population of 13 percent But these are issues that Nichols has tackled before As director of minority business development Nichols helped the Greater Cincinnati Chamber of Com- merce establish relationships between See MINORITY C2 job cut plan sends stock tumbling Mark A Stafford a lawyer for Reynolds unloaded files yesterday at the federal courthouse in Greensboro NC Tobacco firms charge that Philip Morris' new marketing plan will lead to market domination JOSEPH RODRIQUEZ ASSOCIATED PRESS I I i I 1 I i i I i I i i i i 9 1 profits and doubling its worldwide sales within 10 years despite intense competition in US mid foreign markets result will be bigger innovation faster speed to market and greater said Jager who took over Jan 1 as chief executive The 29-year veteran at said it will be the most dramatic change ever in the way the company does business The worldwide cuts amount to 13 percent of work force of 110000 people That includes 4300 jobs in North America among diem 1900 in the Cincinnati area corporate headquarters city It could not be determined yesterday whether any jobs would be affected at the Lexington plant on Winchester Road where Jif peanut butter is made said 10000 jobs would See back page By John Nolan ASSOCIATED PRESS CINCINNATI Procter Gamble maker of the household mainstays Tide Crest Pringles and Pampers will eliminate 15000 jobs and dose 10 plants in a revamp designed to cut costs introduce new products faster and increase sales has been criticized far its slow-moving bureaucracy and Wall Street has been waiting for changes by its new chief Durkjager But investors gave the six-year plan a chilly reception sending stock tumbling yesterday as it became clear there would be no quick fixes and as Jager said it would be an "enormous to meet previous goals for sales growth management said the restructuring is essential if the company is to meet its stated goal of improving Durk said will dramatic Tobacco companies suing to stop Philip Morris marketing technique Jager changes be By Paul Nowell ASSOCIATED PRESS GREENSBORO NC Marlboro and other Philip Morris brands would gain control of two-thirds of the US cigarette market if allowed to give lug discounts to stores that prominently display its brands rivals warned a court yesterday RJ Reynolds Tobacco Co" Lorillard Tobacco Co and Brown Williamson Tobacco Corp asked US District Judge Frank Bullock for a preliminary injunction to stop Philip Morris from using its "Retail marketing campaign until there is a jury trial on their lawsuit challenging the program The plaintiffs charged that the Philip Morris program violates federal and state antitrust laws But a witness for Philip See TOBACCO C2.