European Stars and Stripes (Newspaper) - August 1, 1991, Darmstadt, Hesse                                Thursday. August 1, 1991 the stars and stripes Page 17money matters a  n in y is  n non Twa nears bankruptcy court with creditors in the 30 million households where Nintendo computer games Are played its mostly a boys world. But a the Little Mermaid May change All that. In what is being called the first video game designed for girls the heroine of the Disney film materializes on computer screens As a really a woman of the �?T90s,�?� said Kathleen Watson a spokeswoman for Cap com .a., Developer of the game for Nintendo. A a she a Spunky she a resourceful she has to Rescue her friends a Watson said. The company based in Santa Clara calif., has shipped thousands of the new games to stores in los Angeles and new York this week and Hopes to saturate the rest of the country by aug. 15. It Hopes to sell a half million 1 games. The games will retail for $49.95, Watson said. Conversion rates London up wednesdays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars Gold was quoted at $363.00 an ounce Silver at $4.08. July 30. July 31 British pound.1.6815 1.6845 German mark.1.748 1.749 French franc.5.935 5.938 dutch Guilder .1.9637 1.968 belgian franc .35.975 35.985 italian lira.1,304.70 .1,304.15 Swiss franc.1.5255 1.526 greek drachma .191.50 191.90 turkish lira.4,388.20 4,399.70 saudi arabian Riyal. 3.7502 0 3.7502 Spanish peseta. 109.20 109.35 portuguese escudo.149.46 149.70 Canadian dollar.1.1494 1,1523 austrian schilling.12.26 12.285 norwegian Krone. 6.806 6.82 danish Krone.6.745 6.76 these Are unofficial rates As reported by wire service and banking sources and they Are listed to give some idea of daily currency fluctuations. The Only official rate concerns the Sale of German Marks to . Personnel for personal use and this will be 1.70 thursday based on wednesdays noontime Price fixing. New York Exchange new York up the 15 most Active stocks in new York Stock Exchange composite trading on tuesday. Sales last net chg �3,089,300 2.855.800 2.656.400 1.571.800 1,557,300 1.465.400 1,377,200 1.371.800 1,339,600 1.176.400 1.167.400 1.152.800 1.147.900 1,138,500 1.106.900 i inc Triefon de mex Boeing co at amp to company Philip moms Whirlpool corp Glaxo holdings Mcdonalds corp time Warner inc Shawmut Natt Rwjr Nabisco hid Archer Daniels general motors a amps sovran corp Columbia is sys 31v 31 % 46v 39% 66% 34% 43% 33 82% 7% 11% 25% 39% 26% 17 up1% unch up 2% unch up up 2% up up up unch unch off/4 off a Undt off 2% american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stock metro mob b Rhone Poui cart fruit of loom i Strum system Viacom inc b Viacom inc tubes de mex Echo Bay mine Bergen Bruns Down heart my Lei a chg. 801,700 18%. Up 773,400 2% off % 425,000 17% up % 336,500 3% up % 312,600 29 unch 307,000 29% up % 297,000 10% off % 277,800 Quot 9% unch 276,500 27% up 252,300 6% unch Dow Jones new York up a Dow Jones closing Range of averages tuesday 30 industrials 20 transports 15 uti mles 65 stocks 3029$7 1225.49 206.11 1081.07 Low 2983.68 1204.16 202.40 1063.66 3016.32 up 31.58 1216.85 up 5.81 204.04 Down 0.56 1074.75 up 7.41 by the los Angeles times new York a following the path of other troubled carriers trans world airlines said tuesday that it will file for bankruptcy Early next year As part of a plan designed to ensure the company s Long term survival. Twa which like Many of the nation s airlines has been Hurt by the recession and the Gulf crisis will become the fifth major . Airline to seek bankruptcy Quot Protection since december 1990. The plan which has the Blessing of twas creditors would Cut $1 billion from the carriers substantial debt. In return Twa chairman Carl c. Icahn who owns about 90 percent of the airline would hand Over to creditors a Large stake in the company. A there will be absolutely no Impact on our operations or our scheduled service a said Mark Buckstein twas general counsel. A in fact this action will strengthen Twa by allowing it to avoid All of the problems with its creditors which have been so Well publicized in the last  it Buckstein said the reorganization and bankruptcy under chapter 11 of the Federal bankruptcy code would bolster twas bid for bankrupt pan american world airways despite Industry wide expectations that rival bidder Delta air lines would succeed. Twa a which was founded in 1928 and was for Many years owned by the reclusive Howard Hughes a will join the ranks of pan am Continental airlines Midway airlines and America West air lines in bankruptcy Fourt. Additionally Eastern airlines which languished in bankruptcy for two years liquidated earlier this year. The planned Twa bankruptcy would be a somewhat novel form a called a a pre pack agent bankruptcy a that has grown increasingly popular in recent months. Unlike most bankruptcies Twa and its creditors have already reached an agreement As to How the company will emerge from bankruptcy court. Such plans Are then promptly approved by the bankruptcy court. The Twa creditors appeared satisfied with the reorganization agreement. Jeremy Bloomer the head of Connecticut based credit research and trading corp., which acted As adviser to some of the Twa creditors said the agreement would simplify and shorten the reorganization. A what everybody wanted was a controlled Landing a he said. A it is much better than a hard uncontrolled Landing and a contentious chapter 11.under the reorganization plan Twa would be left with $400 million in Cash including $35 million personally committed by Icahn. Twa said it would emerge from bankruptcy Between 60 and 90 Days after the filing. After the Deal is Complete Icahn a stake in the company would be reduced to Between 20 percent and 45 percent. A although these negotiations have been complicated a Icahn said in a statement a i believe that the result will work to the Best advantage of All our Twa chairman Carl c. Icahn creditors and  Icahn assumed control of Twa in August 1985 after a three month Battle for control. At that time the Twa Board warned that he was a known corporate Raider and would sell off the airline piecemeal to turn a Quick profit. But Icahn assured them with numerous pledges and specific agreements with the Twa unions that this would not be the Case. 1 million Gulf in dod10 percent savings plan by Janet Howells Tierney Washington Bureau Washington More than 7,000 service members have deposited about $11 million since january in a special savings program for military members who served in the persian Gulf finance officials report. The desert storm savings Deposit program was set up by the defense department to allow troops to Squirrel away their Money and receive a High rate of interest. The program pays 10 percent interest on deposits of up to $10,000 from military pay and allowances earned by service members who receive inf intent danger pay. Of the service members who have contributed 3,669 Are soldiers who have deposited  of $5.6 million. / savings accounts held by 2,183 airmen total $3.7 million officials said. About $1.3 million has been saved by 836 sailors and 397 marines have accounts that total $378,939, officials said. Interest is compounded quarterly on deposits made by allotment Cash or Check before the 10th of each month. Funds deposited or interest earned in the savings program cannot be withdrawn by account holders while they Are deployed in the Middle East. After a service member returns to his or her Home station an application can be made to withdraw any or All of the Money in the account officials said. Deposits will earn interest for up to 90 Days after a service member stops receiving danger pay. Deposited funds will be kept at the defense finance and accounting service Field Center that maintains the members account but the centers Cleveland office will provide the account statements for individuals officials said. Eligible service members can Contact their nearest finance office for More information or to sign up for an automatic allotment powerful fuel Economy engine announce Detroit apr Honda a civic subcompact will have a new kind of engine in the United states this fall that its makers say significantly boosts mileage without cutting Power. Honda and Mitsubishi motors corp. Announced in Japan on tuesday that they have developed engines that can boost fuel efficiency by 20 percent with no change in Power. Mitsubishi Hasni to said when the engine will be available in the United states for its cars. A a its probably giving the boys in Detroit a few sleepless nights a said Auto analyst Joseph Phillippi of Shearson Lehman Brothers in new York. Midway through this year the japanese commanded 25.5 percent of the . Market. If the new technology spreads among japanese automobiles it could give them a marketing boost Over . Cars. The . Big three like other automakers Are working at improving engine efficiency and increasing Power. Ford motor co. Has a new engine going into some of its Large cars that gets better mileage and produces More horsepower that its predecessor. A essentially they be taken a lot of pieces that Are being used and put them together in a package a said Kelly Brown a Ford engineering executive. Honda a engine called the Vece will be in the Honda civic Hatchback vex. Honda officials have said the engine could get up to 65 Miles per Allon on the Highway without sacrificing Power. The automaker said it plans eventually to use the new engine in All its cars. The 1.5-liter, four Cylinder engine produces 94 horsepower and uses four valves per Cylinder a two intake valves and two exhaust valves. New valve lifters and other devices essentially shut off one of the two intake valves in each Cylinder during Low engine speeds. Because of that the air to gasoline ratio is raised increasing mileage. Both intake valves open fully when the engine is working at higher speeds such As when a Driver accelerates. The engines Are Likely to be slightly More expensive than previous models Honda spokesman Hideyo Miyano said