European Stars and Stripes (Newspaper) - January 08, 1990, Darmstadt, Hesse The stars and stripes monday january 8,1990page 20/ j japanese insurance giant to invest in american express new York a Nippon life insurance co. Will invest $200 million in american express co., it was announced saturday strength ening an Alliance Between the two financial services giants that began More than two years ago. Under terms of their agreement Nippon will Purchase american express exchangeable preferred shares which can be converted at any time to american express common Stock at a share Price of $42.50. Should Nippon exercise those rights As Well As a warrant issued in 1987 allowing it to Purchase 2 million american express shares the Japa Nese insurance giant would have a 1.6 percent stake in american express according to american express spokesman Matthew Stover. In Early trading on the new York Stock Exchange american express was Down 12.5 cents Al $34.75 a share. The Stock s 52-week High is $39.375 Ashare. Nippon and american express forged an Alliance in May 1987 when Nippon purchased a 13 percent stake in Shear son Lehman Hutton inc., the brokerage firm controlled by Ameri can express. Scarson Wall Street s second larg est brokerage has suffered recently from weak profits and is in the processor a $900 million recapitalization pro Gram spearheaded by american express. The restructuring unveiled last month followed announcements that Shearson would Lay off hundreds of employees and make deep cuts in stockbroker commissions. American express officials were Quick to Point out that Nippon s cur rent investment plans have nothing to do with Scarson. The timing was Stover said. We have a relationship with Nippon we be done a lot of things with electronics show opens Las vegas a players in the world of consumer electronics were Given an upbeat assessment of the Industry saturday then fanned put Over acres of gadgetry to get an idea of what s hot for the 1990s. The consumer electronics show dubbed a Disneyland for adults european weather temper Mil rear did Sib Day 4am 4pm39 49 Copenhagen. In 36 43 in Marl. Ign sue 33 32 hum.lt34 33 Pam. In 45 fume Fum. Car Wertam. La my. Iwano. Lato Boom to t i weather Wing. Tilben Trarbach 4am 4pm 36 25 3 348 is s5s 36 46 Cairo. Dublin c win Chen Jetem. C in Jolon. T Shoji a 8 16 16 14 Hall Lar 6j 52 Montreal. I50 45 Momo. C 3d 26 Olio. 54 41 Toronto c 17 21 pm Vaol or. I �0 43 supp Jed by associated pins kicked off a four Day run. Some 70,000 manufacturers dealers and journalists from the United states and 80 foreign coun tries will View thousands of products. Some 1,400 exhibitors arc Dis playing 95 product lines at the City s convention Center and four major hotels. Wholesale consumer electronic sales reached $32.2 billion in 1989, a 6 percent increase Over the pre Vious year Frank Myers president of Wells Gardner electric corp., told delegates in a keynote address. He predicted that figure for 1990would reach $33.4 billion. This year s show also features Vars compact disc players fax machines talking Auto alarm sys tems High definition television Laptop computers whole House Home automation products and cel Lular phones. . Temperatures. 1 january 5 a&itnrtim.i1 a on Cinton f y a a Usu Kurl Anchor Igrec to a tunic Ulfo Froug a Bah Natl botlon.1bndgigv.f blow Niville few log on a. Cd Wibaux Chi fat 1cmftetlon s c .1 Cliart i Sou 44 34 46 46 19 55 58 53 Ito m 3560 24 2947 4665 3539 3034 6348 to 3227 20t9 x19 0544 53 33 Mam Odessa 1milwaiim.c pts Sipau Mot Montgomery , new Orleans new York a it eth plane Qualio Raciti . i 72 41 5360 3245 449? a 36 2j 66 63 49 71 44 49 61 47 52 18 79 39 39 49 61 41 to 49 34 21 5513 3639 75 23 21 04 57 54 37 57 35 35 41 10 27 14 65 31 25 33 41 29 . Providence puewo.1uotl.r Etc hmong Hochster a y Cut Ocmond ton St 1 .1salem.0re a Salt Lake san Diego san sanmn.pr.1santa St Ste Seattle i 34 44 5647 44 6141 49 5755 3336 5446 555 .1949 5266 5756 6429 2574 54 to 1620 4627 1046 2317 4243 1921 3629 6949 1635 4445 43m 71m 11 5945 Shreveport South ,1 snina1ield.mo , Tallahassee is Toledo Topeka Tucson Wichita a Ceuta fills y1uiu.c Youngski Puma Llort Hilo 49 40 42 1037 09 31 2343 39 40 2449 24 35 1570 63 91 6633 21 49 2353 31 53 x45 42 47 4351 39 6 6949 23 49 2943 27 47 3553 37 37 2467 49 Stow a Minito today s crossword across 39 give Down 1 word be try 1 judge s lore drum 41 catch All Bench or Clef phrase 2 it s be 5 swab 42 social Tore b Church function code area 45 combines or Rug 12 Venezuela 49 prolongs 3 daytime Copper unduly to fare enter 51 Bench 4 Dorothy 13 chances tool Lamour s 52 gaming trademark 14 one cubes 5 dared Over the 53 ending 6 hockey s cuckoo s for Bobby ration 7 Wampum 54 City in b terrified Sicily 9 tropical 55 siamese banana coins Plant 56 Legal 10 religious nest 15 close at hand 16 hot Rod contest18 author Truman matter group 20 fairy tale 57 Highland 11 female creatures dance sheep 21 seizes 23 picker fussy one 24 coerces28 smear 31 up in the no settled 32 roofing material34 author Levin 35 gym pads 37 Small sea i fish solution time 26 Masan Hui Uiha or Giitl Bukk a saturday s answer 17 Cotton machine 19 new mexican resort 22 kind of drum 24 water Barrier 25 narrow Inlet 26 primitive tool 27 laws29 scotch chemist30 halloween Filer 33 actor richard36 degrees 38 Friend of roland40 ubiquitous sloths 42 egyptian Skunk 43 material from which Glass is made 44 zoo sound 48 Fork Sprong 47 serf us zoo favorite50 rubber tree 1-8 the far Side he Mike take Urx Rowin s poll of encroachment of the fish developers
