European Stars and Stripes (Newspaper) - April 8, 1992, Darmstadt, Hesse                                Wednesday april 8, 1992 the stars and stripes b Page 17money matters today a tip Apple Usa said monday that it will Start Selling its macintosh computers at Sears in a major expansion of its sales presence at the retail level. Apple previously sold products through a network of distribution channels including computer specially dealers and Apple education sales consultants. Sears will sell macintosh classic ii macintosh Lii and macintosh Ilsi personal computers Power Book 140 notebook computers and Apple style writer printers Apple said in Cupertino Calif. A the authorization of Sears office centers will sizable expand the availability of the Apple Brand to individuals Small business and Home office Consumers and complement current Apple distribution a Apple Usa president Robert l. Puette said in a statement. Conversion rates London up tuesdays 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 $338.50 an ounce Silver at $4.09. April 6 april 7 British Pound.1.74935 1.75035 German mark.1.6200 1.6245 French franc .5.4967 5.5200 dutch guilder.1.8255 1.8335 belgian franc.33.34 33.51 italian lira.1.226.00 1.230.45 Swiss franc.1.4860 1.4975 greek drachma.189.25 190.85 turkish lira.6,223.40 6.251.60 saudi arabian rtyal.3.7501 3.7502 Spanish peseta.103.23 103.43 portuguese escudo.138.55 139.24 Canadian dollar.1.1871 1.1895 austrian schilling.11.422 11.460 norwegian krone.6.370 6.391 danish krone.6.2885 6.3190 these Are commercial rates and can be related Only to the use of foreign currency by . Forces for official business. The Only official rates concerns the Sale of German Marks and British pounds to . Personnel for personal use and these will be 1.59 Marks to a Dollar and $1.79 for a Pound through wednesday based on tuesdays noontime Price fixings. New York Exchange new York up York Stock Exchange Ito pc at amp to company Texaco inc Wal Mart stores Schlumberger nocal corp Exxon corp us Marathon Pac Gas amp elec Philip Morris Rwjr Nabisco hid Ford motor co Baker Hughes n m corp Mobil corp Liz Claiborne the 15 most Active stocks in new composite trading on monday. 2,477.600 2,093.400 2.045.100 1.753.300 1,727,800 1.718.300 1.667.100 1.617.500 1,555,900 1.496.100 1,466,000 1.448.500 1,421,200 1.371.500 1,344,700 last 41 % 61 527/fc 58 22% 57v� 22% 29% 77% 9% 40 17% 83% 62% 35% Nelcha. Off i up 2 up 1% up 3% up 1% up 1% up 1% off % up % unch up up 1% up 1% up 2% off % american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading monday. In last net Chi. 441.700 3% unch 369,300 9% unch 353.100 340.700 303.700 303,000 294,500 268,600 242,900 242.100 sleek inti Corona Chambers Dev a us Bio science Nabors Industry Hillh Avan com americas Chi so pm group web foundation hath Amdahl Cut carnival Corn cruise last 3% 9% 12% 6% 2% 1 13% 32% 15vr 30 off up up % up up on % off % unch Dow Jones new York up a Dow Jonas doing Range of avenges monday 30industrials 3295ts 323w7 327s49 up2&� 20 transport 1363 60 1336.70 1353.33 in 5.05 15 wuts 204.62 202.43 203.49 0.50 65 stocks 1168.54 1148.41 1180.97 in 8.32 striking United Auto workers shout at a Driver crossing their picket line at the Caterpillar Plant in Aurora iii., on monday. Caterpillar seeks strike replacements East Peoria 111. A Caterpillar inc. Advertised for replacement workers tuesday after Only a fraction of its 13,000-striking employees heeded an ultimatum to return to work at the leading maker of Earth moving equipment. A with the unemployment rate at 9 percent in Illinois i done to think Well Nave much trouble a Caterpillar vice president Wayne Zimmerman said. The company had told strikers to go Back to work monday under its terms or risk losing their jobs. Caterpillar said about 400 workers returned but United Auto workers officials said Only a few dozen did. No violence was reported. Caterpillar turned up the pressure tuesday by placing newspaper ads for permanent replacements. One in the Peoria journal Star described jobs paying from $16.12 to $17.85 an hour. The cur rent average wage is $16.98. Strikers have about three weeks to reclaim their jobs before replacements arrive Zimmerman said. Gary Nichting 37, was among the factory workers who returned. He reasoned that the danger of missing a mortgage payment outweighed being known As a Scab. A my family comes first. After five months on strike Money wa3 getting real tight a said Nichting an 18-year employee. The strike which began nov. 3, affects All Caterpillar installations in Illinois. Altogether Caterpillar has 16,000 Law workers in Illinois York a. Memphis Tenn. And Denver. It employs More than 56,016 people worldwide. About 4,000 salaried employees and managers have been running the strike bound plants. The threat to replace the workers represents the first time a major manufacturer has attempted to break a Union of the a awl a size and strength. The Law has 900,000 members. The Union is demanding a contract similar to one it signed with Deere amp co., which included Cost of living increases a 3 percent raise in the first year and Lump sums of 3 percent during each of the next two years. In what it called its final offer Caterpillar said it would give immediate raises that would boost average pay about 3 percent to $17.56 an hour with no Cost of Hving increases but a six year guarantee of no layoffs or closings. On monday thousands defied the Back to work ultimatum marching around factories in East Peoria Mossville Mapleton Decatur Pontiac and Aurora. Pm replaces president to turn around big losses Detroit apr general motors corp. Changed presidents monday installing what the company called More aggressive management to reduce costs Ana regain profitability. Vice chairman John f. Smith or. Was made president and chief operating officer while president Lloyd e. Reuss was made a vice president in charge of new vehicles. Pm has been struggling with record losses which reached $4.5 billion in 1991. The company is in the midst of a huge restructuring that will close 21 plants and Cut 74,000 jobs by 1995. There had been rumours in Detroit and Wall Street last fall that Reuss was on the Way out. But in december pm chairman Robert c. Stempel said a a Lloyd a my  a statement by the company left it Smith unclear whether the change was Reusse decision. The Board of directors of which Reuss is a member voted unanimously after Stempel recommended the changes the company said. A regaining profitability requires a More aggressive management approach to remove excess costs while keeping Gmys focus on customer satisfaction a the company said in a statement. Pm said the company would adopt some of the successful practices of its International division Speed Quality improvements and eliminate excess staff and underutilized capacity. Smith who turned 54 monday became president of general motors Europe in 1987. Earlier he was comptroller and general manager of general motors of Canada. Reuss 55, held several engineering posts before being named general manager of the Buick motor division and elected a pm vice president in 1980. His new responsibilities will include the company a Saturn project. Business Wall Street firms raked in record $5.85 billion in 1991 from wire reports new York a Wall Street firms earned a record $5.85 billion last year before taxes the new York Stock Exchange reported monday. After tax profits totalled $3.86 billion for 329 nose member firms that do business with the Public compared with a loss of $106 million in 1990. Macy s to open clearance stores new York . Macy amp co. Inc. Said monday that it would open two Macy a close out stores in outlet malls near Chicago and Philadelphia. The retailer operating under bankruptcy court Protection since january has said it would proceed with plans to once new branches including the close out store., while undergoing reorganization. The new stores will sell clearance merchandise from Macy a department stores. Macy a opened its first close out store in Sunrise ela., last year. The company said it plans to open eight More such branches by the end or this year. Orion pictures reports losses los Angeles a Orion pictures corp., which has been in chapter 11 bankruptcy since december reported monday a loss of $29.2 million for the third Quarter compared with a loss of $15.6 million for the year ago Quarter. Third Quarter revenues were $94.8 million compared with $ 119.4 million in the year ago Quarter. Orion said the loss stemmed from $12.5 million in write Downs on the value of its previously released films and a $4.9 million write Down in costs from preceding quarters