European Stars and Stripes (Newspaper) - January 23, 1993, Darmstadt, Hesse                                Ii a a the otaw1 and Jim if in Money matters 1 saturday january 23,1993 today s rates l Allm Vang Are fixed rides id which Community banking and credit Union facilities will sell foreign currencies to . Person net for personal use . 1.07 Del blah Pound. 1.60 dutch Guilder. 1.70 greek drachma 200.0403 in i the Mia nmn Nady we lilo in Host Manly flours not i dolls to Iho for Ipoh Pound it of wont let to it Duim it it Litwin tire Interbank rate Tinl fluctuate and it Muld he re Gurd cd us the approximate value of the us Itolair to foreign eur ecu italian lire 1,481.23 Turk Ltd lire 8,738.00 Spanish Peteete .,113.00 portuguese eecudo.144.80 austrian  .11.328 saudi Riel .3.7001 Dahr Atn diner0.37875 Kuwait diner0.303 Norw Eolan Krone .8.83 danish Krone. 8.1810 British pound1.8237 Pernt Enterk. 1.808 Wlee irene1.473 Frenock Freno 8.4418 dutch Guilder 1.8088 belgian Freno. 33.01 be Naifen Dollar. 1,2685 Kota Pleura Are it a Oiin Tottis Brit Lah potion Otto  to Ilia Dolliw on quota i3200q to Otto a of of quota 5 72 an of my new York Exchange mfg York lit l tha 16 mod Catlyn Wick in Tow twit lit oct  Coati Potof Tri if la on Tawf Tony Iamb Lata Uil Hal cd. Us Kaffl Cut it we a to 176,100 144 off if in Koto e,04s,.t0o 764 off4 4,600.600 t t a it a to Ftp Cota comp time Apoc Fli Lafot yet of Omar a Antwi Merck a co inc 4,6 4700 34 up Yoff 1 a Tut Pili corp  per 1.636.400 464 Tiff 4 3.274.400 264 u�4m 3,047,100 60 it a fam 2.170700 374 up 1 4 2,41700 47 up w 1i�ip Mixell 2766.600 714 up a we Ewtou in 2761.400 new off 4  2,060,600 it up 4 atm cent spiny 2.0.10700 664 up 14 vhf Al Culp 2,071,600 oh1/ up a Woll my fit it 1,007,00 1 384 up 14 american Exchange 1 his yet to m till 10 mod  it0 tit Iii am Idem wok cum Potluri tinting if Awny. Llach lain Tail Nat tit  1,1 06,700 64 up 4 f inti file cd la 666,600 i up 14  6v,h00 34 up 4 Tuioti Iceni i  134 up 4 Mutl Ink Menai 310700 1010 us Chi Liuni cml live 3/6700 6v. Up 010 Mil too Cwm 377,400 1 i up 4  7/6.000 44 in Chi by t i Lii rim Ira 774,0011 164 up in. Flu Glt my coff a 204,600 34/ nji24 r Dow Jones 1 Tow Wmk iff1 tag to Tom Ruliff Dow Jet tit thanig rings til n Taa. A Eckna Chanaa 30 mud ill pm it 3710 76 3763 07 up 11 of Flim Pqul 1605 61 14/4 00 t40� 70 Tiff of 1t� in Iulla 724 40 77000 771 it up t 60 6ulwl 1210/i tt06 3t 706 31 up t 0 Sara Lee earnings soar in 2nd Quarter Nike Tiu Al Sill it i cd Cuil it Jikit Iosim no it to cold if pct cent tin cd a in Siu nil  Fin mini s , in Trail tick mud of Iii Casutt Hales in its entire Ici mortal h<hhiet6 Ami a Incerty Ivi a Imit i net Inen fit Lor the Locc omit Lei r Ali it caul Cal Ike. A1 Ime to \2mt million in 41 Citta u Felicie  Wilh a gtd million or 3h  6 it Stime in the  period u year pm   a recent in 1.1.h Hal Linn Tom t i h Zilliott a  07. British airways buys into us air Lay a k m set ten Ltd in to a  Lar Lahill alow Nufi Turchi Htut 11 t percent a take in i in air on thursday in the Ikirt incs no Oihi id tempt to form tin a the to acc the  nets the Nimic for a lilt Iii air Wityk to a come Isair s partner on fifth the Fink Tift t is air cd tin in he United slide ind key Tanun Atlantie of it Ewe Yfim Fler Ved by Lar Tinli Aliw Tyd hut american airlines nil United airlines a the world a two ,cs1 nor knew firoved notice thut they will oppose tiny move to  hrs thai air Weyh ind us air Nervick Tumler the new agreement a relish air Witti Iff invest tuft s3 t0 million in a new series of us air convertible preferred  air chairman Seth Schofield said that the investment atm approved by the boards of both companies and that the funds were transferred thursday. Quot tills investment does not involve any issues of control or special voting lights and is responsive to policy concerns expressed previously try the . Department of transportation Schofield noted Quot it also meets our objective to strengthen our company financially for the Long term Benefit of our shareholders. Customers and employees Quot Schofield added that he looked Forward to meeting with new transportation Secretary by Eilerich in Ena to discuss the Deal. Hut Penn will face pressure from the hug three . Airlines american United and Delta air  a it la nil w reject an integration of us air Hal ten airways services. In in Idon a British airways spokesman dismissed contentions by the big . Airlines that the us air Deal is a backdoor approach by the British Carrier to gain rights to , routes. Quot we wanted a stake in us air Quot said spokesman Derek Ross Quot if we wanted Domestic rights we would have bought aircraft and set tip an  ill Lush airways and us air based in Arlington Vns a had formerly proposed an Alliance Umler which British airways would have purchased a 44 percent stake in the its airline for $750 million. A but British airways withdrew the proposal last month after then la resident to Ergo Bush advised Britain a prime minister John major that the transportation department would forbid the Deal. The first phase of the new Alliance Between the two airlines will involve cod sharing. V Umler Hie new arrange Cut no daily service Between London and Charlotten cd a Baltimore and Philadelphia a markets currently served by us air a will continue. Rights Between London Charlotte and Baltimore and new nonstop flights Between London and Pittsburgh will be operated by us air personnel and us air owned aircraft flying in British airways colors under a leasing agreement. British airways will continue to operate daily service Between Philadelphia and London. The $300 million Worth of preferred 7 pc us air common Stock at $19,50 a share. British airways will receive three scats on n 16-Membcr us air Board of directors but the Deal includes no governance rights for the British Carrier and no super majority voting arrangements. British airways ownership of us air voting Slock will initially be 19.9 percent and will increase to 21.8 percent this Spring. The agreement would also permit British airways Over the next five years to invest an additional $450 million in us air through the Purchase of two other series of convertible preferred Stock if current restrictions on foreign ownership and governance of . Airlines Are modified. Schofield emphasized that the agreement is in Accord with the bilateral air services agreement Between the United states and the United kingdom and with , Law. Wang laboratories head quits in midst of continuing troubles ibo Vla a Mil i1m��  Milih us Hui in la Nfn m a Khiav ii am in m a it a Mas Ian m of Millim Fly the new York times Lowill mass. Richard w. Miller who has waged an unsuccessful three year Effort to resuscitate Wang laboratories inc., surprised the computer Industry thursday by stepping Down As chairman and chief executive Miller a turnaround specialist who joined Wang in August 1989, said he decided to leave now because Wang was preparing to emerge from chapter 11 bankruptcy Protection us a much smaller company and needed a less costly manage i. N Miller input Structure. In departure Wilt allow the company to install future management Sis part of its Taukiu Nitcy  plan Miller said. Wang which ims been operating under bankruptcy Protection since August is just weeks away from releasing a business plan for emerging from chanter ii he said replacing Miller will be a corporate executive office run by Michael a Mcc Donald a Casey and Joseph m. Tucci currently executive vice presidents me will become chairman and chief financial officer Casey president and chief development officer and Tucci president and a fief executive officer me will he responsible for finance and administration Casey for research and development and Tucci for Merat ions Miller 52, said he began to consider stepping Down one or two Mouths ago and insisted that he was not forced out by Wang s Hoard. Quot thin was entirely my initiative Quot he said at a news conference. Members of the Board were unavailable for comment Industry analysis said that even though Miller inherited Many problems at Wang a like $2 billion in debt and lease obligations a the company Hud been plagued by questionable business decisions and weak performance Umler Bis stewardship Wang showed a net loss of $357 million for fiscal 1992 on revenues of $1.9 billion. That compared with a loss of $386 million in 1991 and $716 million in 1990. When Miller took Over As chairman in 1990 after founder an Wang died Wang had nearly $3 billion in annual revenues. Revenues for the current fiscal year arc expected to be $1.4 billion. Like revenues Wang a work Force shrank under Millers direction to about 10,000 from 27,000. Millers strategy was to transform Wang from a maker of minicomputers into a software and services company. A decision in 1991 to resell ism mini com a tors was much criticized for eroding Angl a own customer base. In addition Wang s office 2000 strategy a the company a blueprint for Selling office productivity software a has Quot taken much longer and shown a lot less tangible positive results than anyone thought it might a said Tom Willmott a consultant will the Aberdeen group in Boston. Up w China agrees to fight fake garment labels bluing al1 c Hina has agreed to it Mph companies that Label garments with fake tags of origin in Urt attempt to skirt . Textile quotes an official report mild miday . Officials said Oitim exports Caily $3,9 billion in textiles to the United states annually inti they think $2 billion Mote is tit panted illegally the Tough other count ties to avoid quoins. The most common wily stations me Pakistan Malaysia Taiwan a mama and fort Mas j  an Otticia with the ministry of t Ouinn to Nom relations and Trade  the chinese government was taking Mitt Nica suits to punish Domestic companies that Fatany Label textiles to show a country of orig in utter than tuna i he . Attuificy�?~6 Lluc last the to la t issued a Ledeal Mph Lenl against a chinese government Agency the China National textiles import and Export corp., acct Ndang it of evading quotas set to protect tic . Textiles and clothing industries. The chinese corporation regulates and controls All imports and exports of textiles in Jiuu it Leph to the Trade ministry. The indictment resulted front a by. Mouth investigation during which  raided Tom of Trees of dozens o Hin Csc owned textile companies in the United slates. L i sail he told . Customs Deputy commissioner Michael  that China will Coupe ate with the United Stales to end the illegal i a Tiu the Otticia China  reported. Ilowe Vei  did not mention Ilia any agreement had been reached when he met with reporters during his visit to Beijing in Early january. The Issue is just one of several plaguing .-China relations. Others include China s growing Trade surplus with the United states which last year topped $18 billion its alleged arms sales to the Miu die Bast and its human rights record. The China daily reported that authorities have investigated cases of wrongdoing charged by the United slates and punished those companies found to be involved in the illegal practice. They were mainly in South China s Huangdong province East China s i angst province and North China a a Libei province As Well As in Kong Kong. The paper did not give other details about the companies or say How they were punished