European Stars and Stripes (Newspaper) - February 6, 1993, Darmstadt, Hesse                                Page 16 b the stars and stripes Money matters saturday february 6,1993 re today s rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to  for personal use German Mark 1.62 British Pound. 1.48 dutch guilder.1.82 greek drachma a a a a a a a a a 214.0318 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 Curran cies italian lira 1,532.22 turkish lira. 9,016.10 Spanish peseta a a a a a a a a a a a a a a a a tee 117.78 portuguese escudo a a a a a a a a a a a a 149.85 austrian Schilling a a a a a a a a a a a a a a so 11.675 saudi rial. 3.7501 Bahrain dinar.0.37675 Kuwait Dinar 0.309 norwegian Krone a a a a a a a a a a a a a a a a a a a a 7.01 danish Krone 6.34 British Pound 1.4507 German Mark 1.652 Swiss franc. 1.5305 French franc. 5.59 dutch guilder1.8524 belgian franc. 34.11 Canadian Dollar. 1.2615 note figures Are expressed in Dot tars to the British Pound other currencies to the Dollar Gold quote $328.00 an ounce Svor quote $3.68 an ounce new York Exchange j new York up a the 15 most Active stocks in new York Stock Exchange composite trading on thursday. Stock. Sale last Nat chg. Chrysler corp 7,593.800 39v up it general motors 7,178,700 37% Oft 1ft waste mgt inc a 5,217.100 37v on Ift Ford motor co 4,899,500 50ft up 2ft Glaxo holdings. 4,850,500 18ft on it Mattel inc a 4,483,800 23ft on 4ft Merck amp co inc 4,001,100 38 on Ift Citicorp 3,836,500 26ft up it called inc 3,728,600 4ft up it Amsco inti inc 2,781,000 23ft Oft 6ft Amer express co Bristol Myersq Tel Tonos de my 2,687,100 24ft unch 2,576,400 58 on 1 2,561,800 53ft up 1ft Rwjr Nabisco hid 2,458,300 8v unch Kmart corp 2,409,600 24ft. Up it american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading thursday. Stock sales Lait net chg. Wang labs inc b. 1,879,000 1ft up 1-16 non communicate 822,8007ft up it expo rate co la 798,100 Ivy. Up i Tec Ogen inc 796,800 9vi up it Lii Haven corp 656,700 3 13-16 off 1-16 Harken Energy 600,000 1ft off i Cheyenne sorter 539,800 29v o 11vi Chambers Dev a 531,900 4 13-16 out i citizens St be 510,900 6 i Oil i Hasbro inc 453,200 32v Ollivi Dow Jones 1 new York up a Dow Jones closing Range of averages thursday 30 industrials 20 transport 15 utilities 65 stocks High 3441.33 1591.43 23529 1280.83 Low 3367.03 1544.69 231.41 1250.95 nos 3416.74 up 42.95 1579.54 up 37.06 234.16 up 2.12 1272.01 up 19.80 january jobless rate Down As economic news brightens Washington a the nations unemployment rate fell to 7.1 percent in january the lowest level in a year the labor department reported Friday As part of surprisingly Good economic news in recent Days. The 0.2 percentage Point decline in the rate which had stood at 7.3 percent since november stemmed from employment gains in manufacturing and retail Trade. In All payroll employment Rose by 106.000 last month the biggest increase in six months the labor department said. The figure was also More than double the 50,000-per-month average for All of last year it said. Still the increase was far below the 200.000 to 300,000 new jobs normally produced monthly in the Early stages of an economic recovery. This was the last major economic report scheduled to be released before president Clinton makes final decisions on his economic stimulus package. Some analysts said the january jobs gain was not Likely to dissuade the administration from putting Forward the modest stimulus package it Nas been discussing a $16 billion in increased Public works spending and $15 billion in tax Breaks for businesses. Clinton is to unveil the program in a feb. 17 address to Congress. The recent economic Good news helped lift the Dow Jones Industrial average on thursday to a record High of 3,416.74. Investors were buoyed by news of foreign interest rate cuts the Best gains in . Productivity in two decades and to where the amp . Works total work Force 1980 = 104,449,8171 1990 = 123.473,450 millions of americans percent change 1980 to1990 executive professional technicians safes administrative support private household protective service other service farming precision production machine operators transportation handlers 40.9 35.1 43.3 40.7 12.2 -10.1 35.2 21.7 2.4 3.5 -14.3 5.7 3.1 source census Bureau bust retail sales in january. Clinton cautioned thursday that the Economy still was not producing jobs at rates of past recoveries and he noted that massive layoffs continue at some of americans biggest corporations. A a in a still not convinced that the country is set on the right course in terms of generating jobs. And that a the key thing a jobs a he said. A the 7.1 percent unemployment for january was the lowest since an equal rate in january 1992. Aps amps the recession is officially considered to have ended in March 1991. But the recovery since then has been the weakest on record and until recently business activity was not Strong enough to keep the unemployment rate from rising. It hit an eight year High of 7.7 percent last june and Nas fallen slowly since then. William Barron Deputy commissioner of the Bureau of labor statistics said in a statement Friday that a the Pace of Job growth has been quite slow compared with previous  British airways chief quits in scandal London a the British airways chairman who turned a bloated slate bureaucracy into a successful private airlines retired Friday following a scandal Over an underhanded Campaign to lure passengers from rival Virgin Atlantic airways. Fridays shakeup included the departure of chairman lord King As Well As David Burnside the company a Public affairs director whose role in the affair had also been criticized. King 75, had been scheduled to retire in july but stepped Down Early apparently to ensure that his protege sir Colin Marshall succeeded him. Virgin had no immediate comment on the shakeup announced in a statement issued at the British airways monthly Board meeting. Marshall 59, former head of the a is car leasing company in new York has served As British airways chief executive a position that for now will not be filled. No re placement for Burnside has been chosen. British airways has aggressive global a amp a plans to make diapers in Poland Cincinnati a Procter amp crumble co. Said thursday it has bought 40 acres in Warsaw Poland for a Plant to manufacture pampers diapers. A amp a said it initially will invest about $60 million to buy and develop the site and to install manufacturing equipment. The company said it expects to spend More later on the anticipated growth of what will be a amp Gas first manufacturing Plant in Poland. The Plant will begin production in 1994, company spokesman Terry Loftus said. A amp a began operations in Poland in 1991 through a joint venture to Market imported a amp a products. Expansion plans that include a recent at tempt to link its services with us air group inc. To gain a foothold in the lucrative . Market. But British airways ran into trouble in a dispute with Virgin and its founder entrepreneur Richard Branson. Branson uncovered evidence about two years ago that British airways was using underhanded tactics to take his passengers and planting negative news stories about Virgin in the British news Media. Some of the passenger poaching occurred after British Branson airways obtained computerized lists of Virgin passengers. British airways employees phoned the passengers at Home posing As Virgin employees who said flights were cancelled or delayed so the passengers should switch to British airways. British airways initially dismissed Branson a charges As an attempt to gain publicity for his upstart Carrier which flies from London to a handful of International destinations including new York and Tokyo. Branson responded by filing a libel suit against British airways and King. Last month British airways settled the suit with a payment of about $5.3 million and a Public apology. But Branson pressed ahead for More concessions saying British airways has thus far paid the Price Only for defaming him and not for the business it stole. After Calls from politicians newspapers and travellers for King and Marshall to resign King issued a second Public apology to Branson and Marshall went to Branson a West London Home to discuss the matter. Meanwhile the so called big three . Carriers american United and Delta have told . Transportation Secretary Federico Pena that he should conduct an investigation of the British air ways us air Deal before allowing it. In a letter to Pena this week they cited a Aba management a recent admissions of ant competitive behaviour against its largest . Competitor a the big three Are worried that British airways will gain Access to the . Market through us air. British airways is now Only allowed to Fly to so called a a Gateway cities in America. American airlines May Cut Fleet close 2 hubs Naples Fla. Apr american airlines is considering getting rid of some jets and closing two hubs moves that would Lead to significant layoffs executives said Friday. Chairman Robert Crandall said the nations largest airline would decide by Spring whether to return More than two dozen air planes. The company a chief financial officer Michael Durham said that if the airline exercises its option to return the wide body jets to Airbus industries major layoffs would follow. The airline is also considering closing Money losing hubs in san Jose calif., and Raleigh Durham n.c., Durha said. The two were attending a transportation Industry conference in Naples for Large clients of the brokerage firm Lehman Brothers. Last year american announced plans to Cut expenses by $300 million in 1993. The first part of that plan was the elimination of 600 management jobs which lowered costs by $50 million. Company officials have said an additional $100 million could be saved through productivity improvements am the rest from More efficient maintenance cuts in food and beverage service am closure of some hubs. Crandall denied a report in the for Worth Star Telegram that the compan was about to announce layoffs of 1,000 c its 98,000 employees. A a it a just wrong it simply wrong a he said. Crandall said the Carrier will not Rene any expiring Boeing 727 leases and i considering speeding up the Reti Remer of its labor intensive dc-10 Fleet an Selling some assets