European Stars and Stripes (Newspaper) - June 15, 1992, Darmstadt, Hesse                                Today a tip Maytag corp. Has announced it is Selling its Plant that makes microwave ovens and dehumidifiers to concentrate on its main lines a full sized appliances floor care products Ana vending machines. The magic chef Plant at Anniston ala., is being sold to a private company headed by a magic chef executive who said the factory would continue to operate with All of its work Force. Microwaves and dehumidifiers account for less than 10 percent of Maytag a sales and the move will not have a significant Impact on the company a earnings Maytag said. Last year Maytag earned $79 million on sales of $2.97 billion. The Anniston Plant which has about 400 employees is being sold to a company headed by j. Michael Mcdavitt who is resigning As senior vice president for sales and marketing at magic chef. Terms were not  rates following Are fixed rates at which Community banking facilities will sell foreign currencies to . Personnel for personal use through monday German mark.1.53 British Pound.1.90 dutch Guilder. 1.72 greek drachma 187.798 note the rates above apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren pics italian lira .1,191.90 turkish  Spanish peseta .99.32 portuguese escudo.130.75 austrian schilling.11.074 saudi  Bahrain  Kuwait  norwegian krone.6.153 danish krone.6.0665 British Pound .1.8520 German mark.1.5770 Swiss franc.1.4275 French franc.5.3010 dutch Guilder.1.7710 belgian franc.32.45 Gold quote $339.50 an ounce Silver quote $4.11 an ounces amp a Blacks to discuss ads Baltimore a Procter amp Gamble co. Has agreed to meet with an organization of 20s Black newspaper publishers to discuss the publishers claim that the consumer product giant has shut them out of advertising dollars. The Washington based National newspaper publishers association made the accusation Friday during its convention in Baltimore saying it sought a meeting with the company. A a they be communicated with us indicating a Strong willingness to sit Down and discuss the issues As Well As their concerns that they include All Media which can be effective when conveying their advertising message a said publishers association president Robert a Bogle. A amp a based in Cincinnati makes such familiar products As Charmin bathroom tissue tide detergent and Crest toothpaste. It denied discriminating against the newspapers. Monday june 15, 1992 the stars and stripes b Page 17money matters Law convention Likely to focus on mending fences . Politics by Doron p. Levin the new York times Detroit a with the collapse of the five month strike at Caterpillar inc. And Plant shutdown notices at general motors corp. Still fresh in their memory delegates headed to the United automobile workers convention in san Diego facing More urgently than Ever the need to find ways to rejuvenate their Union. With internal Union politicking at an ebb Owen f. Bieber is the overwhelming favorite to be re elected president for a final three year term before he reaches mandatory retirement age. His Only major opponent is Jerry Tucker a longtime foe of programs that involve employees in traditional management decisions. Moreover discussions about the unions negotiating position in Auto Industry contract talks in 1993 arc not scheduled until Spring and As a result the convention which began sunday will defer discussion of issues such As wages benefits and Job Security. Instead of such usual issues the convention could become a hotbed of debate Over the unions Choice of confrontation or conciliation with the Auto Industry or perhaps National presidential politics. The Union has endorsed gov. Bill Clinton of Arkansas As its candidate but a re cent poll in the Detroit area found most autoworkers who gave a preference favored Ross Perot. Membership in the Union has plummeted in the last decade reflecting both the replacement of big three vehicle production by imports and the output of non Union american factories owned by japanese automakers. The trend May Worsen As general motors the largest employer of Law members has hinted strongly that further retrenchment is Likely Job loss has not been As critical an Issue for Union members at Ford motor co. And Chrysler corp. Because those automakers closed most of their excess plants a decade ago. For several years the Union has resorted to confrontational tactics to win pay and benefits for workers who lose their jobs. At Caterpillar members went on strike Over management a Effort to end the traditional practice in which similar contracts Are imposed on All companies within an Industry. But foreign Competition and waning popular sympathy for unionism has changed the equation in the past dozen years or so. The Caterpillar strike collapsed without an agreement when it was apparent that the company was Able to attract replacement workers. With an Eye on falling Union membership some labor experts and veterans of the Union movement increasingly believe that Law leaders must seize the initiative and offer automakers their own ideas to improve competitiveness and Avert further loss of jobs. In he Saturn project an innovative general motors car division that uses advanced techniques in manufacturing labor relations and retailing has bestowed vast Power Bieber and responsibility on Union workers but it has not been copied elsewhere in the big three. A the Basic decisions that affect the welfare of the corporation have been decided by management a said Irving Blue Stone a former Law vice president who teaches labor studies at Wayne state University in Detroit. A but they should be decided jointly where the Union is an important cog in the decision making  russian business deals expected Washington a the Bush administration said Friday that it expects several american companies to sign business deals during russian president Boris n. Yeltsin a visit this week As part of an unprecedented government Effort to encourage . Investment in the former soviet Union. A senior Commerce department official said three or four agreements were ready to be signed and several other agreements could be completed next week. The official who briefed reporters on condition that his name not be used refused to discuss what the business deals involved other than to say that one of the categories covered Energy ventures. At the end of last year . Companies had 300 joint venture agreements with enterprises in the former soviet Union More than any other nation and the official said a some of the contracts we will announce if All goes right will add significantly to that  the official said that government negotiators were working to Complete tax and investment treaties for signing by Bush and Yeltsin next week. The official said that the tax treaty was almost completed but that several areas in the investment pact remained under a intense negotiations and might not be resolved in time. In addition to the business deals and Banks take Over deposits of failed . Institution new York up a the Federal Deposit insurance corp. Said eight metropolitan new York Banks have assumed the insured deposits and 39 branches of the american savings Bank and its Riverhead savings Bank subsidiary which were closed earlier Friday. American savings Bank based in White Plains ., had total assets of $3.2 billion and total deposits of $2.8 billion. Riverhead savings based in Riverhead r.i., had assets of $404.9 million and total deposits of $314.7 million. The Odic said the failed Banks offices will reopen today As branches of the eight acquiring institutions. The closed Banks automated Teller machines were scheduled to reopen Friday. New York superintendent of Banks Derrick d. Zephas closed the two Banks and the Odic was named the receiver. American savings Bank had 35 branches in Westchester the Bronx Brooklyn Manhattan and Nassau county on Long Island. First Fidelity Bank of Newark Acau Rcd five branches Queens county savings Bank in Flushing ., one Branch Republic Bank of new York eight branches Banco Poplar de puerto Rico in new York seven branches first Federal savings and loan association of Rochester ., four branches commercial Bank new York four branches and Bank of new York six branches. Bank of new York also is assuming three of Riverhead savings branches and Ros Lyn savings Bank in Rosyln ., is acquiring the remaining Branch. The Odic said checks drawn on the failed Banks accounts would be honoured up to Agency a statutory insurance limit of $100,000 per Deposit. The two failed Banks had deposits of about $119 million in some 8,600 accounts that exceeded the Odic insurance limit of $100,000. The Odic said those funds would not be transferred to the eight acquiring Banks. The Odic said its Board of directors had voted to approve a prompt payment of 75 percent of the amount of these deposits a based on an estimate of the liquidation value of the failed Banks  if recoveries from the Bank failure exceed the of Dick a estimates the Agency said uninsured depositors and creditors will receive additional payments. Government negotiations the Bush administration is staging a Daylong conference wednesday that will bring together 70 top russian business and economic officials and 200 to 300 american corporate leaders. The conference will explore ways to reduce barriers to foreign investment in Russia As Well As looking at the opportunities in specific industries ranging from Oil and Gas and medical equipment to financial services and tourism. Commerce Secretary Barbara h. Franklin and eight of the . Business executives will meet with Yeltsin and his top economic advisers several of whom Are also scheduled to address the conference. Business steelworkers to go Back june 29 from wire reports Ravenswood . A i he United steelworkers Union has overwhelmingly approved a three year contract with Ravenswood aluminium corp., ending a la it month labor dispute Negolia Tois announced. Union members Are scheduled to return to work june 2�?~h t he contract was approved i n Day by a vote of 1,287 to 181. The steelworkers would receive $2,000 each in Back pay for the first 28 Days of the  cigarette ban Rome a finance minister Rino Formica said the government is Banning sales of All Kent and Gallant cigarettes for 30 Days. The ban which began saturday was ordered under terms of a Law designed to pressure tobacco companies to help Italy curb the How of profitable Black Market irettes into the country. Cigar