European Stars And Stripes (Newspaper) - July 7, 1985, Darmstadt, Hesse                                1985 the stars and stripes Page 19 business news shareholders of acquisition of Abc new York a capital cities communications proposed billion acquisition of american broadcasting for Cash and securities has been overwhelmingly approved by shareholders of both the which also requires approval from the fed eral communications is expected to be completed Early in it would create a company called capital cities Abc Abc and capital cities announced March 18 that they had agreed to Abc had been a rumoured takeover target for months before the although Abc slipped to third place in the prime time ratings Competition this analysts have said they do not think capital cities will make any drastic changes at the including its analysts also predict the merger will get regulatory the combined will be required to investors guide by William Doyle i have most of my assets invested in Mutual a few years ago these funds paid dividends resulting in yields As High As 14 they now pay 7 to 8 i have a feeling that some of my Money should be in Treasury the trouble is i know absolutely nothing about invest ing in t Ive heard you can Deal directly with the with a securities broker or with a in sure a broker gets a How about a Bank a Bank will charge a service fee when it buys t Bills for the fee varies from Bank to Bank and might be anywhere from to most Banks Levy the same fee whether you Purchase a t the smallest or a larger you can buy newly issued t without any through the Federal Reserve Bank or Branch serving your there Are 15 fed Banks and 25 branches around the your local Bank can give you the address of the one with which you should to do things that you submit a tender and a certified Check or other official Bank Check for the face amount of the t Bill you want to Purchase at a Treasury department auction auctions for 13week and 26week t Bills Are held every monday if monday is a Bank auctions for 52week t Bills take place every fourth except in the Case of Bank but dont expect to get sky High interest on t As interest rates have come so have t Bill most income Mutual funds those holding Lon term corporate and Treasury Bonds have higher yields than Short term such As t is there Ever a circumstance in which it can actually Cost More to use the mail to Purchase a Treasury Bill directly through a Federal Reserve Bank than through a local Bank this gets so hang doing it through the you must put your tender and Check for the t Bills face amount in in time for it to reach the fed Bank by the time of the with a monday that Means you would Send it because you Send a certified or Bank your Money stops earning interest As soon As the Check is you dont Start getting interest on the t Bill until the following thursday when the t Bill is also on a discount Check for the Dif Ference Between the t Bills face amount and the actual Purchase Price is mailed to you dont earn inter est on that Money until you Deposit that for safety the tender and your Check should have gone to the fed Bank by registered or certified return receipt add that Cost to your lost interest and the total can exceed the fee your local Bank or brokerage firm would when you buy a t Bill through your local your Money remains in your account right up to the Day the t Bill is and your account is debited Only for the t Bills Purchase Price not its full face the drawback in purchasing a t Bill through a fed Bank is while the checks Are going Back and your Money is not invested and is earning no theres another wrinkle when you buy a t Bill through your local Bank and Roll it Over to buy a new t Bill at the Bank will charge you another service when you Purchase a t Bill through a fed you can Roll it Over without any if you plan to keep your Money invested in t by buying a new one each time the one you own it can be less expensive to go the fed Bank readers wishing to write to King features columnist Doyle May address their letters in care of the stars and Apo divest some of their local to and radio capital cities also will sell one of its newspaper red Bank Regis Ter of new and its Cable television the acc prohibits an owner from having stations whose signals capital cities earlier said it would sell win hts in new wet St in and web Wev in As Well As five radio stations what pm and am in Lacam and Kola pm in los and we beam in in Abc is to sell Way Ziv and a Riff in Detroit Dallas Houston Webcam and Wal Jim in new York Kab am and Kloof a in los Angeles Wilsam and pm in and san it plans to retain two radio under the merger each Holder of one Abc share would receive in Cash plus on tenth of a War rant toward the Purchase of capital cities common each whole warrant would entitle the Holder to buy one share of capital cities common Stock at for a period of years after the for 90 Days following the holders of warrants would have the right to sell them to capital cities for the companies said including the warrant provi the Deal was Worth a Abc has million shares the two companies have said Leonard chairman and chief executive officer of would be chairman of the executive committee of the proposed new Thomas capital cities chairman and chief executive would be chairman and chief executive officer of the new capital which earned million on Revenue of million last plans to retain its television stations in and in it has asked the acc for a waiver allowing it to keep its Philadelphia to although its signals overlap with wac to in new capital cities also owns some radio stations it wont the Fairchild publications business newspaper group and daily newspapers that include the times and the Star in Kansas the Star Telegram in fort and the Oakland press in the Abc television group provides entertainment and sports programs for More than 200 affiliated television it also owns to stations in new los Angeles and san abcs radio division has affiliated radio the which earned million on Revenue of billion in is also involved in video motion pictures and Scenic americans coming to the Rescue of lagging italian tourist Industry Rome a americans ready to spend their Power Ful dollars on plates of Spaghetti and designer shoes Are fast becoming the Saviours of an otherwise lagging italian tourist increasingly abandoned by her traditional visitors British and especially the germans Italy is counting More and More on travellers to res Cue another tourist season from along with the sistine the colosseum and the antique treasures that have always drawn sightseers from All Over the a Dollar that goes a Long Way Here is helping attract americans by the they Are part of the huge wave of americans crossing the Atlantic to All countries on the continent in record if the american soldiers came to liberate today the american tourists Are coming to occupy wrote the italian news weekly Italy land of Sunshine and the Magazine said the number of tourists visiting Italy jumped by 17 percent from 1983 to Early estimates say that 1985 will see that increase the defection of european tourists to other ports of Call is worrying italian tourism while the influx of foreigners in Italy increased by percent last Many of them Are staying for Shorter periods or Are Only passing through in route to other Mediterranean Greece and Yugoslavia Italy Mediterranean rivals saw their tourist Trade balances Rise last year by and 20 percent bad transportation strikes and the Strong Price of the lira against other european currencies contributed to last years decrease in Continental according to the italian federation of travel and tourism Fia europeo instead blamed the decline on Scenic coastlines that Are nothing better than open restaurants and hotels that charge firs class prices for third rate purse pickpockets and even organized Favet president Antonio Rigillo admitted recently in an interview that we Are worried about the situation of the sea and we get Many complaints from clients because of the signs on beaches prohibiting despite the jump in the number of american Italy remains fourth on the list of their preferred vacation after France and fifteen years Italy ranked second after and Only two years ago came third following tourism minister Lelio Lagorio Hopes to capitalize on american enthusiasm and help boost the tourist Trade with a greater push toward convention although one of the worlds leading tourist Italy ranks seventh in hosting Lagorio Hopes to get the convention Ball rolling in no vember when Rome will Host the annual meeting of the american society of travel agents and a convention of British tourism officials meets in Renault will lend am million Paris a Frances stat owned Auto is to lend million to its affiliate american motors a Union Leader Andre Secretary of the metalworkers Branch of the communist led confederation general do Travail said in a communique that Renault Board has approved the he added that the decision was made in agreement with the highest French state author Sain Jon said it was unacceptable for Renault to invest in los making ventures abroad to the detriment of its Domestic claiming Renault estimates am will lose million this year and As much again in