European Stars and Stripes (Newspaper) - May 1, 1992, Darmstadt, Hesse                                Friday. May 1. 1992 the stars Ano stripes 6 Page 17 ism and time Warner inc Are negotiating a global Alliance to link the computer maker s technology with time Warner s vast Library of movies and to shows As Well As its Cable to systems Industry sources said. A venture Between the world s largest computer maker and biggest Media concern could accelerate what Many experts see As the coming merger of Home entertainment computers and communications. It could eclipse the alliances Between Japan a big electronics makers and the Hollywood entertainment Industry. Conversion r London up thursdays rates for the . Dollar to other currencies. Figures Are expressed in dollars to the British Pound other local currencies in dollars gym Msj a a 9336.50 at own. A a 93.99. A Pia ___________1.7714 1.7754 _________________1.s55s 1454555795 5.5955 _______________1js10 1.9671 ____________________.54.01 3403 lira. _.1j49.75 1147.75 ___________15250 1.5195 a .19340 194.50 .6173.00 6,606.90  .3.7400 17499 .103.90 10115 .13939 13193 __________________1.1940 1.1946 .11.6425 11.6990 -.-14570 14015 .-.13965 14195 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 1.62 Marks to a Dollar through monday and s1.81 for a Pound through Friday based on thursday s noontime Price fixings. New Yor Exchange a a York m 11a is my aeon Assaf a mrs in win m my Eft Muira or flute 9mm a a Pacific 9mmwsi urn Oehm 7.012.900 4.047100 1992.900 1977,500 13591500 11117� 1999100 1331000 1110300 1.991900 1.797100 1.796100 1.551.400 1.492100 1.341700 amen can Exchange 0mui Krait  571500 511300 401900 322.099 227.309 221909 205.300 36 12 9 26 6 5 4 41 6 22 to. 1 �?�15 25 a Wiss Doc Jone my us 99 on Wmk Dak we u i is sex 329534 Sara .99 134134 134473 20646 24641 114432 114544 1w 53 a 120 24654 w675 114604 �924 economic indicators Point to recovery from recession Washington apr a Trio of encouraging economic reports on thursday flashed a Green Light for slow but sustained recovery from the recession this year. The government s chief forecasting gauge climbed for the third straight month in March. New applications Tor unemployment insurance in late april held at the lowest level since last october. And orders to factories in March Rose strongly. The Commerce department s Index of leading indicators increased 0.2 percent in March after Strong gains of 0.8 percent in february and 1 percent in january. Although the latest Advance was Small the first Quarter marked the first time since May through july of last year that the Index moved higher during three consecutive months. The 1.6 percent Rise in orders to . Factories was stronger than anticipated by most analysts. It was pulled up of a 2.1 percent gain in orders for durable goods such As automobiles and furniture. However the backlog of unfilled orders at factories fell 0.6 percent the seventh drop in a Row. That shows the current manufacturing workforce is keeping up with rising demand and factory managers Likely Aren t yet feeling pressured to expand their payrolls. Judging by the number of applications for unemployment benefits manufacturing companies and other employers Are laying off fewer workers. But the economic upturn in t Strong enough yet to encourage a hiring Boom. The labor department said the number of americans filing first time claims for unemployment insurance was unchanged during the week ending april 18 at a six month Low of -wm.000. Claims had dropped significantly during the three previous weeks. The most important of four indicators supporting the gain in the leading Index was a substantial improvement in consumer optimism. It More than offset the most substantial of six negative indicators a drop in the inflation adjusted Money Supply. During the first three months of this year the Economy expanded at a modest 2 percent annual rate. Most analysts believe growth will accelerate to the 3 percent Range during the second half of the year. Still that would not be enough to bring substantial improvement in the nation s unemployment rate which remained stuck at the 616-year High of 7.3 percent in March. A Friendly nations spy on firms Washington a nearly 20 foreign governments in Asia Europe the Middle East and latin America Are involved in economic spying on the United states Cia director Robert Gates said wednesday. A in a world that increasingly measures National Power. In economic As Well As military terms Many foreign intelligence services Are turning their sights to stealing american technology and Trade secrets Gates told a House judiciary subcommittee. Foreign nations seek inside information on . Government policy deliberations that affect Trade and investments As Well As information about contract bids financial data and banking. Gates said. Gates did not name specific countries. Comas but said they include some formerly Monist nations and some regarded Good . Friends. A some countries with whom we have had Good relations May adopt a two track approach a he said a cooperating with us at the level of diplomacy while engaging in adversarial intelligence collection a Gerard p. Burke a consultant who advises corporations on Security and counter espionage testified that Russia has boosted its economic spying efforts and called China an a even More aggressive International Snoop. The Issue has taken on importance not Only for the deployment of . Counterintelligence forces but has added to a dispute Between american business and government Over How far companies can go to protect themselves. Nation s big 3 airlines apply brakes on growth new York apr the nations three largest airlines now global superpowers after buying Choice pieces of fallen rivals agree it is time to Stop growing so fast. Delta air lines taking a Cue from american airlines and United airlines announced wednesday it will Cut capital spending by about $5 billion As it buys 100 fewer planes through 2001. Delta also will eliminate an unspecified number of jobs from its work Force of 79,000, but Hopes no layoffs will be necessary. The Atlanta based Mega Carrier intends to Fine tune operations making More seasonal adjustments in flight schedules and scrapping some unprofitable flights. The cutbacks will affect the Boeing co. And Mcdonnell Douglas corp. As Delta chooses not to exercise options that expire today for 10 md-88s and two b-7s7s. Delta spokesman Neil Monroe said his Carrier would also cancel some firm orders for planes. Boeing and Mcdonnell Douglas said it would take time for them to assess the Impact of Delta a move. The announcement came less than a week after Delta reported a $151.6 million loss for the first three months of 1992, nearly twice As big As its losses a year earlier. Delta said about $3 billion of the is billion in capital spending cuts will occur during the next four fiscal years ending june 30, 1996. The cutbacks apparently will slow but not Stop the Carrier s growth which is what american and United Are trying to do. Americans planned cuts in capital spending come to $8 billion while United a cuts come to $6.7 billion with All the carriers saying they will take fewer aircraft deliveries in coming years. As Delta seeks to control costs. Delta chairman Ronald w. Allen promised a plan to a consolidate certain facilities and to streamline some Hub City flight complexes a Monroe said for example that the Carrier might use More part time workers during the Peak times at its hubs. Business Ford reports its first profit since beginning of Gulf War Fimi wire reports Dearborn Mich. A Ford motor co. Reported a $338 million profit for the first Quarter wednesday stamping itself As the first . Automaker to clearly emerge from the Industry a latest crisis. Ford s results represented a dramatic turnaround from its $884 million loss in that Quarter last year. The gain was the first profit for the world s second largest Auto maker since the third Quarter of 1990, when consumer Confidence began to plummet in the Wake of iraqis invasion of Kuwait. The earnings equal to 60 cents a share came on Revenue of $24.6 billion. This contrasted with a kiss of $1.88 a share in the 1991 period when Revenue was $21.3 billion. Fords profit report came a Day after general motors corp. Reported a surprising first Quarter profit of $179 million. But unlike Ford Gmys Overall earnings masked an estimated $850 million loss on its . Vehicle Busi Ness. Solar Energy Plant in works los Angeles a sicken solar industries said wednesday it has received a multimillion Dollar contract to begin building the first commercial solar Power Plant using photovoltaic cells to provide electricity to Consumers. Sicken which operates the worlds largest solar cell factory in Camarillo calif., said it will begin construction of the 500-kilowatt Plant this summer at a Pacific Gas and electric co. Site in Kerman calif., about 200 Miles North of los Angeles. The Plant which should be completed in the summer of 1993, will provide enough Power to meet the needs of about 300 Homes