European Stars and Stripes (Newspaper) - January 8, 1993, Darmstadt, Hesse                                Friday january 8, 1993 Money matters the stars and stripes b Page 17 today a rates following Are fixed rates at which Community banking and credit Union facilities Wiki sell foreign currencies to . Personnel for personal use German Mark 1.59 British Pound 1,50 dutch Guilder 1.79 greek drachma 212.2046 note the rates above apply within the Host country. Figures ate 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 1,520.00 turkish lira 6,669.80 Spanish peseta 116.23 portuguese escudo 147.06 austrian Schilling 11.512 saudi rial 3.7495 Bahrain Dinar 0.37675 Kuwait Dinar 0,304 norwegian Krone 6.907 of Nash Krone 6.317 British Pound 1.5405 German Mark 1.6355 Swiss franc 1.4925 French franc 5.568 dutch Guilder a a a a a it a a a a a a a a 1.8334 belgian franc. 33.67 Canadian Dollar 1.2775. Note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $329.00 an ounce Silver quote $3.69 an ounce new York Exchange new York up the f5 most Active stocks in new York Stock Exchange composite trading on wednesday Stock. Philip Morris Chrysler corp itt corp. Rwjr Nabisco hid ism corp Merck 4 co inc Tucson elec per general motors a Pfizer inc Home depot inc k Mart corp limited inc Westinghouse Al Abbott labs no Wal Mart stores sates 9,371.600 last 71 it he chg of ii american 8.580,000 36 a up 3 7.928,300 a 71 a up w 5,014.000 a b a a off i 4,825,300 48 a off a 4,267,000 42 off 1 a 3,931,100 2 a up a 3,650,300 34 up % 3,306.100 68 a Elf lab 2.820,900 63 a off 2v 2,697,500. 23 a up a 2,5,52.600 29 up vhf 2.550,309 14vfc off it a 2,347,500 29 off it 2,341,700 61 off in an Exchange new York up the 10 most Active stocks in Merican Stock Exchange composite trading wednesday. Stock a lilt last net chg. A Rhone Poul cart 1,604,700 4% up it Elan corp pc 703,000 31ft off 2% Chambers Oev a 689,000. 5ft off % Cheyenne Sotter Amdahl corp 659,300 31 a up 1% .518,500. 7ft up it expo rate co la 482,800 1 is up a Cal Energy inc 443,530 18% up 1% Iva corp 422,800 26ft off 1ft Aurora elect rfcs 381,800 no it off it Imperial Oil 355,600 31% off a Dow Jones new York up Dow Janes closing Range of averages wednesday High Low Clott change 30 industrials 3330.29 3276.53 3305.16 off 2.m 20 transport 1477.41 1445.38 1467.74 up 8.26 15 utilities 221.77 218.89 221.27 up 0.94 65 stocks 121820 1196.99 1210.37 up 2.41 Onson found All counts in a amp a Case los Angeles a Charles Keatingjr. And his son were convicted wednesday of All counts in a Federal indictment charging them with looting Lincoln savings and loan in the nation s most notorious a amp a failure. Keating was convicted of 73 counts of racketeering fraud conspiracy and transporting stolen property. His sort Charles Keating Iii was convicted of 64 counts. The charges carry a maximum penalty of 505 years for Keating and 455 years for his  elder Keating 69, already is serving a 10-year prison term on state charges of swindling investors. Keating looking gaunt and grim As he peered across the courtroom at the jury put his hands together As if praying and leaned Back As the 20th guilty count was read against his 37-year-Otd son. As the clerk began to read the guilty counts against him the elder Keating pursed his lips looked Down and then turned toward his son. Quot you of Quot he mouthed to his son. The younger Keating nodded Back to him. A racketeering count initially was unresolved. . District judge mar Charles Keatingjr. Ver tiatia Pfalzer announced the. Guilty diet on that count after conferring with prosecutors and defense lawyers. The racketeering count charged in essence that the Keatings converted Irvine based Lincoln its Parent american Continental corp. And related companies into a Gigantic criminal Enterprise do. Signed to let them live like Royalty on looted funds. ,. Keating and his son it aimed vengeful bureaucrats and Power mad prosecutors made them their prey. But to most of the country they were a National Symbol of excess and arrogance. Contributing to the notoriety were the millions the elder Keating paid his family his Jet set tastes his donations of $1.3 million to the a Keating 5&Quot senators his risky investments in land hotels and junk Bonds and the fortunes lost by cd cry investors in junk Bonds from Lincoln spar Cut  failure of Lincoln savings amp loan and the. Bankruptcy of Phoenix based american Continental in april 1989 Cost taxpayers $2.6 billion and investors $288.8  on Ford edges Honda As . Best seller Detroit a Ford motor co. Finally beat Honda for bragging rights to the Best Selling car in the United states. Both companies spent millions of dollars on incentives to customers and dealers to boost sales in december. And when 1992 sales results were announced wednesday the Ford Taurus edged out Honda a Accord by 16,274 units a after trailing by 14,719 units at the end of november. The final score Taurus 409,751, Accord 393,477. The Victory topped a year in which . Companies regained some of the advantage they lost to japanese automakers in recent years. The Accord had been the Best seeing car in the United states for the previous three years. President elect Clinton and vice president elect Al Gore say goodbye to officials who attended a discussion of Auto Industry problems. At left front to Back Are Harold Poling of Ford Robert j. Talon of Chrysler and Owen Bieber of the United Auto workers. Little Rock Ark. A president elect Clinton listened to . Automakers concerns about japanese Auto imports an tougher gasoline mileage standards wednesday and pledged a a fresh Start Quot in cooperation among government Industry and labor. A the american automobile Industry must play a critical role if we arc to create a High wage High growth Economy a Clinton said after the two hour meeting with the big three automakers and United Auto workers president Owen Bieber. The meeting ended with Broad smiles but no commitments. A what we had hoped for was a constructive dialogue Quot Ford motor co. Chairman Harold poling1 said. A a we were not . Poling said he did not know whether Clinton would take a tougher line on Trade Wilh Japan than the. Bush administration has shown. Clinton did not Back away from his Call for higher fuel efficiency standards which the Auto Industry opposes. Poling said Clinton told the group that he is still in favor of tougher standards but a lie did no to want to do anything that was detrimental to the Auto Industry Quot the car makers requested the meeting Clinton in Vitco Bieber. Aside from Poling the Industry was represented by John f. Smith jr., president and chief executive officer of general motors corp., and Chrysler corp. Chairman and ceo Robert a Eaton. Vice president elect Al Gore also attended. At a news conference outside Clinton a residence Poling said the group did not ask for commitments but discussed issues such As soaring health care costs and the Impact of Federal regulations. Clinton spokesman George Steph Nopoulos said in Advance that the president elect wanted a to make sure that we have free Trade that is also not unfair to american  ,. Bieber said he raised the idea of negotiating a new a voluntary Quot limitation on car imports from Japan. He said he also raised objections to a new North american free Trade agreement which the Union fears could drive . Jobs to Mexico. Bieber said Clinton understood the a awl a concerns but did no to agree on every Point. United airlines to Cut jobs management pay Chicago apr United airlines said wednesday that it will Lay off 2,800 employees Cut executive salaries by 5 percent and seek Union concessions. It was the latest round of cutbacks in the Money losing airline Industry. United also said it would freeze hiring reduce its Domestic schedule cancel plans for some new International routes and retire 40 older jets. It did t specify which routes would be Cut. The Job cuts to be implemented this month amount to 3.3 percent of United a 83,600 employees. The Carrier a subsidiary of Ual corp., said the plan will reduce its expenses by $400 million. The company a Stock closed wednesday Down $1 per share at $124 on the new York Stock Exchange. United a moves follow efforts throughout the Industry to reduce costs after a year of fare cutting and huge losses. United had hoped to avoid such Cut backs. But it was forced to trim expenses to Cut losses and ensure the company s Long term viability said Stephen m. Wolf the Carrier s chairman and chief executive. Wolf also urged president elect Clinton to create a commission to examine the factors he said Are hurling the . Airline Indus ii. Spokesman Joe Hopkins could t say How Many management employees would be affected by the 5 percent pay Cut. In other Cost cutting moves a american airlines the nation s largest Carrier Cut 576 managers from its payroll in november. A Delta air lines slashed its quarterly dividend last month from 30 cents per share to a Nickel and Cut nonunion pay by 5 percent As part of a $375 million Cost cutting plan a Northwest airlines said this week that it had started sending Layoff notices to More than 1,000 employees or 2-2 percent of its work Force