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Publication: European Stars and Stripes Wednesday, February 10, 1993

You are currently viewing page 13 of: European Stars and Stripes Wednesday, February 10, 1993

   European Stars and Stripes (Newspaper) - February 10, 1993, Darmstadt, Hesse                                Wednesday february 10,1993 Money matters the stars and stripes b Page 13 today s rates following arc fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use German Mark. 1.62 British Pound 1.46 dutch Guilder 1.82 greek drachma. 215.6300 note the rates above apply within the hos 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 us. Dollar to foreign Curren cies italian lira 1,530.27 turkish lira 9,043.80 Spanish peseta. 117.85 portuguese escudo 150.12 austrian Schilling. 11.6610 saudi rial 3.7495 Bahrain Dinar 0.37675 Kuwait Dinar 0.3090 norwegian Krone 7.0260 danish Krone 6.35 British Pound 1.433 German Mark 1.652 Swiss franc 1.5275 French franc. 5.595 dutch Guilder 1.859 belgian franc. 34.08 Canadian Dollar. 1.2675 note figures Are expressed in dollars to the British Pound other currencies to the Dohar Gold quote $328.50 an ounce. Silver quote $3.69 an ounce. New York Exchange new York up the 15 most Active stocks in Newyork Stock Exchange composite trading on monday. Stocks in not Chi  5,240,900 54. Up a general motors 3,59.8,600 38%. Up Leastman Kodak 3,419,700 53 is up2w Merck i co inc 3,042,200 38tt up Kim corp 2,579,400 52tt up i Chrysler corp to  2,477,000 4w Offutt Glaxo holdings 2,102,300 19 pv4pfizer inc 1,991,100 62 Oft Chicorp i943,9qo 26 Ort Philip Torris 1,800,900 74$. Off bus. � s3 is Isas american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading monday. Stock Silei us ?. 3 a  fibreboard  m330,100 311,500293,000 272,200 / 1va 6v pv4up2v unch Dow Jones new York up Dow Jones closing Range of averages monday High Low clot or pinot 30 industrials 3472.94 3408.91 3437.54 off 4.6020 transport 1609.76 1570.68 158961 up 4.03 23460 232,04 233.29 off 0.44 129 17 1266,39 1277.94 Oil 0.21 general motors executive vice president Harry scarce Points to a Chevrolet pickup used in a crash test broadcast by Abc. Pm sues Abc says crash tests were rigged to ensure flames by Alan l. Adler the associated press general motors corp. Sued Abc on monday alleging that a dateline Abc program rigged two car truck crashes to show that 1973-87 pm pickups were prone to fires in Side Impact crashes. Pm said it was the first time it had Ever sued to protect its reputation. The 11 million households that viewed the program were never told that Abc used incendiary devices to try and ensure that a fire would erupt seemingly due to the collision pm executive Vic president Harry Pearce said. Abc acknowledged on its nightly news program monday that it used the incendiary devices in the test crash. The network did t disclose that fact on the nov. 17 show because another Factor a spark from a broken headlight caused the fire Abc news president Michael g. Gartner said. The lawsuit was filed in an Indiana state court. Pm asked for a jury trial. The offensive by the world s largest automaker came four Days after a jury i Atlanta found pm negligent Over the sidesaddle fuel tank design of its older pickup models. The jury awarded $105.2 million to the family of a teen Ager killed when the 1985 Csc truck he was driving was smashed in the Side and exploded in 1989. Pm is appealing the verdict. Using videotape obtained from a fire chief and pictures from other witnesses Pearce said the Institute for safety anal Ysis which conducted the oct. 24 Simula Tion used in the Abc show attached Model rockets to the Bottom of a truck that was smashed by a Chevrolet Cita Tion. Just before Impact there were two plumes of smoke beneath the truck which he said were the rockets being started by a Remote transmitter. Gartner said that while a particular crash might not produce Sparks needed to ignite a fire Abc wanted to illustrate the dancer that a Gas tank rupture poses if there is some other heat source and soit attached the rockets. But he said a Bro Ken Headlamp wound up starting the fire. We emphasize that pm does not claim that the sparking devices caused the fire Gartner said in a statement. Nothing pm said challenged the conclusion of the experts advising Abc that the fire was caused by the Headlamp Bro Ken in the collision. Had the fire been caused by the sparking devices or any thing else Abc would have disclosed that fact in its broadcast. We remain convinced that taken in its entirety and in its detail the segment that was broadcast on Dot finc Abc was fair and  Gartner accused pm of trying to divert attention from the Large jury award in at Lanta. But in a news conference monday at pm s Detroit Headquarters Pearce said the automaker filed its declaration of intent to sue Abc before thursday s  alleged that the dateline Ndoc program was part of  to Poi son Public opinion against pm Ana to give other product liability lawsuits against the automaker a greater Chance  contend that the automaker knowingly endangered lives by putting the gasoline tanks on the outside of the truck Frame rather than inside where the heavy Metal channels of the Frame would serve As a protective steel Barrier. Judge blocks pm plan to close Plant Ann Arbor Mich. A a Cir Cuit court judge tuesday ordered Gener Al motors corp. To keep open its Willow run Assembly Plant halting the Auto maker s plans to move operations to Arlington Texas. Officials of Ypsilanti township where the Plant is located argued that pm Vio lated provisions of tax Breaks that the local government granted the company in the 1980s in Hopes of keeping the Plant open. Pm has been enjoined from Transfer ring production of the Caprice station Wagon to the Arlington Plant. It s an unprecedented ruling said Lee Schutz Man a pm attorney. He said pm would Appeal. Pm already had started transferring some workers in Advance of the closing planned for this summer. The courtroom erupted in cheers from United Auto workers members when judge Donald Shelton made his ruling in a lawsuit by the township. Pm for years has asked for a level playing Field in terms of global Competition and All we Ever asked for was a level playing Field to present our Case said Doug Winters an attorney for Ypsilanti township. Fortunately we had a judge with enough courage to give us that Shelton s ruling followed a nine Day trial that ended Jan. 22. If the township had failed to win an order for pm to keep the Plant open and protect its 4,000 jobs it would have sought $27 million. The tax abatement granted in 1984 and 1988 were Worth $13.5 million Ypsilanti township said. Women underrepresented by unions study reports Washington a unions need to organize female workers who now Are underrepresented underpaid and May soon be a majority of the workers in America a study  on whether to form a Union Are won More often at companies where women and minority workers Are in the majority than at traditionally male or White dominated workplaces the study said monday. Thus attention to organizing Ana mobilizing women members will be critical to the future of the . Labor move ment. The report was written for the International labor organization a  sorted Agency headquartered in Geneva. The report said there were 48.9 million women employees in 1990, representing 47 percent the . Work Force. It projects that by the end of the decade women will represent a majority of the work Force. Susan i Aton author of the report explained in an interview that men Are Leav ing the work Force earlier than they use to in part because of layoffs and Early re , male dominated employment centers such As the automobile and steel industries Are shrinking while female workers Are increasing in the fast grow ing service and retail industries she said. Still the study shows Only 14 percent of women workers Are unionized roughly the same percentage As 30 years ago. Hut because male membership has slipped from 35 percent to just above 20 percent women s percentage of membership has risen by default to 3.7 percent. Despite the growing importance of women in the labor movement the report contended that relatively few unions have undertaken new campaigns to recruit women. There is a tremendous Opportunity fur unions to organize women and for women to get the kind of benefits and protections that unions can offer Luton said  
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