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Publication: European Stars and Stripes Thursday, December 10, 1992

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     European Stars and Stripes (Newspaper) - December 10, 1992, Darmstadt, Hesse                                Page 12 b the stars and stripes Money matters thursday december 10, 1992 today s rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use Gorman Mark .1.53 British Pound .1.61 dutch Guilder .1.72 Graek drachma .197.8153 note tie 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 currencies italian lira .1,387.50 turkish lira.8,253.60 Spanish peseta .112.23 portuguese escudo .139.42 austrian schilling.11.046 saudi rial.3.7495 Bahrain dinar.0.37675 Kuwait dinar.0.2992 norwegian krone.6.415 danish krone.6.065 British Pound.1.57 German Mark.1.573 Swiss franc.1.4105 French franc.5.3655 dutch guilder.1.7615 belgian franc.32.34 Canadian Dollar.1.2728 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $334.00 an ounce Silver quote $3.72 an ounce new York Exchange new York up a the 15 most Active stocks in new York Stock Exchange composite trading on tuesday. Stock sales Lait Nat chg. First Colony up 4,553,000 30 Faunch Chrysler corp 3,785,100 33 a up a Home shopping 3,500,300 7 up a general motors 3,013,500 34 a up a Schlumberger 2,896,400 59 a off a at amp to company 2,744,200 48 a up a Amer express co 2,241,100 24 a off a ism corp 2,213,400 65 a off a Merck amp co inc 2,195,300 46 a up a Bristol Myersq 2,081,300 70 a up 1 a blockbuster ent 1,994,700 17 a off a Hanson pc 1,982,400 18 a up a Glaxo holdings 1,904,700 26 a up a Philip Morris 1,826,000 81 Faunch Union Carbide 1,799,900 16 a up a l american Exchange new York up the 10 most Active stocks in Tycha american Stock Stock Amdahl corp am exploration sulcus computer Alc common corp hello Gold mine us bios Clence expo rate co la Amer healthcare spi pharma inc Cheyenne softer change composite trading tuesday. Sale 1,226,100 865.300 654.300 523.800 462,200 454.800 441.300 375,500 359.800 326,100 last 7 a 1 11-16 10 a 12 a 6 a 12 a 1 a 4 a 13 a 29 a Nat chg. Up a off a up 1 up 1 Faunch unch off a up 3-16 up a up 1 a Dow Jones new York up Dow Jones closing Range Olav rages tuesday 30 industrials 20 transport 15 Lull Les 65 stocks High 3331.64 1439.13 219 64 1206.70 Low 3288.41 1408.92 217.26 1188.43 Clota change 3322.18 up 14.85 1428.86 up 4.43 219.14 up 0.56 1201.76 up 4.51 Keating in fraud trial testifies business deals were legitimate los Angeles a Charles Keating jr., responding for the first time to charges that he swindled investors in Lincoln savings amp loan association testified that allegedly fraudulent land sales and payments were Bona fide business deals. Testifying in his Federal trial tues Day Keating also repeatedly denied allegations of fraud by government witnesses who have struck plea bar gains. Keating is accused Keating of bilking Lincoln investors and living like a King on looted Money leaving the Federal government a record $2.6 billion Bill when the Thrift in Irvine calif., collapsed. Keating chairman of Phoenix based american Continental corp., Lincoln s Parent company has become the Symbol of the savings and loan debacle. He says he a being made a Scapegoat by government officials seeking to escape  the . District court jury has not been told that he was convicted of securities fraud last year in state court and is serving a 10-year prison sentence. Keatings attorney did not put up a defense to those charges. The government maintains that As Lincoln faced huge losses in 1986 and 1987, Keating devised bogus land sales to create false profits and engineered a looting of Lincoln As he and his family maintained a lavish lifestyle. Keating and his son Charles Keating Iii Are charged with fraud racketeering and conspiracy. Keating faces up to 525 years in prison his son faces 475. His denials of wrongdoing were replies to questions from defense lawyer Stephen c. Neal. One of the allegations involves a $5 million loan Keating had Lincoln make to Arizona Home builder . Homes to reimburse it for a Down payment on property Lincoln was Selling near Tucson Ariz. Lincoln and a subsidiary made a profit of about $8.4 million on the Deal the government says. It argued that . Homes would not have bought the land without Lincoln a assistance and that Keating promised . Homes that the company would make a profit while making no loan payments. Ford probe it named car of year Detroit up a motor trend Magazine tuesday named the Ford probe it its 1993 car of the year selecting the sport Coupe from 10 Domestic cars nominated for the award. A the probe it delivers the most Overall driving enjoyment you can get in this class for the Money a motor trend editors said in announcing the magazines 41st annual car of the year. The Magazine called the probe it a a landmark car. Which at last gives the a buy american crowd a Chance to enjoy a world class sport Coupe in Good conscience and gives import shoppers a Strong alternative. The �?T93 Ford probe it is at the leading Edge of a revitalized Domestic car  a panel of seven motor trend judges chose the probe after reviewing All 10 nominated cars on six subjective areas and two objective ones. In the objective sections the probe ranked second in handling and eighth in  the subjective categories judges rated the probe As one of the top three vehicles in top cars motor trend Magazine picked its 1993 car of the year from a Field of 10 Domestic cars. They were rated As follows 1. Ford probe it 2. Chevrolet Camero z28 3. Dodge intrepid is 4. Lincoln Mark Viii 5. Mazda 626es 6. Mazda mx-6 is 7. Pontiac firebird transom 8. Nissan quest axe 9. Cadillac Fleetwood Brougham 10. Geo prism Psi. A amps All six areas styling and design Quality control occupant Comfort and convenience ride and drive Chassis dynamics and Dollar value Market significance. Motor trend conducts the Competition to identify the most significantly improved new Domestic car of each Model year. Only new or significantly redesigned Domestic cars receive consideration. Ford completely redesigned the probe it for 1993. The car carries a base Price of $15,174, but options can easily boost its delivery Price to $21,000. The probe it is built in a Flat Rock mich., Plant operated jointly by Ford and Mazda. However motor trend classifies the vehicle As a Domestic Model based on its . Content. The Flat Rock Plant also builds the Mazda 626es and mx-6 is two other vehicles also considered Domestic makes that were nominated for 1993 car of the year. Motor trend also names an import car of the year and truck of the year annually. The Magazine will reveal the import i car of the year on Jan. 12, while its 1993 truck of the year award went to the jeep grand Cherokee v-8. Mcdonald s goes meatless in Netherlands Chicago apr Mcdonald a corp., the fast food Chain synonymous with hamburgers and French Fries is test marketing a vegetarian Burger made of potatoes peas carrots onion and spices. Mcdonald a has been Selling the Veggie Burger in five markets in the Netherlands said Richard Starmann a senior vice president at the company a Headquarters in suburban Chicago. A i would assume it got an of response because its going from five restaurants to All 84 stores in the Netherlands a he said tuesday. But a out of our 13,000 restaurants worldwide that a not a very Large test a he said. Starmann said the company will be watching the results. But he noted that the menus in different countries have various additional items including Fried egg sandwiches in Malaysia wine in France and Beer in some German restau rants. The meatless Burger was developed in dutch test kitchens. It Sells for 4.75 gilders or about $2.70. Mcdonald a experimented with a meatless Burger in its Early years under founder Ray Kroc. The Hula Burger a grilled pineapple with cheese on a Bun a i was a dismal failure and was quickly  hoping for Clear Victory with launch of new cola new York apr Pepsico inc. Announced tuesday that it will begin rolling out its new Clear cola across the United states and Canada hoping Crystal Pepsi would become a billion Dollar beverage in its introductory year. The nations second biggest soft drink manufacturer will give the colourless cola a network television debut during the super bowl on Jan. 31, spokeswoman Amy Sherwood said. Sherwood said she  Supply figures on How much the company will spend to promote Crystal Pepsi and its diet counterpart. The company decided to sell the beverages nationwide after they proved popular with Consumers during six months of test marketing she said. A we have great Confidence in this Brand a Sherwood said. The marketing and advertising Campaign will feature the theme a a you be never seen a taste like  it will include tie ins with major retailers distribution of National coupons and a promotion with Usa today linked to Media events. Although Crystal Pepsi borrows its name from the company a flagship Brand the new cola is based on a different formula than is used for the Brown Pepsi. A your goal was to create a completely different tasting cola not just a Clear version of Pepsi a said Craig e. Weatherup president and chief executive officer of Pepsi cola North America. Drinkers of Crystal Pepsi Are expected to be traditional cola drinkers As Well As people who prefer lighter beverages and done to normally consume soda. A creating powerful new brands provides adrenaline to the Industry a said Brian Swette senior vice pres ii Dent and general manager of Pepsi a new beverage vent Tures. A Crystal Pepsi is to cola what the introduction White chocolate is to the chocolate  Crystal Pepsi which does no to contain caffeine is exp petted to capture More than 2 percent of the carbons ated non alcoholic beverage business in its first year of National distribution Pepsico said. A 2 percent Market share represents about $1 billion in retail sales in the $48 billion soft drink Industry. Crystal Pepsi was 15 months in the making with nearly 3,000 variations created before a final formula a selected. More than 5,000 Consumers participated in taste testing before Crystal Pepsi was sent out to test Marj sets  
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