European Stars and Stripes (Newspaper) - July 27, 1993, Darmstadt, Hesse Page 16 the stars and stripes Money matters tuesday july 27,1993 today s rate following arc fixed rates at which Community banking and credit Union facilities will sell for. Eign currencies to . Personnel for personal use German Mark 1.68 British Pound .1.54 dutch Guilder 1.89 greek drachma 227.6428 note. The Rales a boys no pay within the Host. Country figures �9 expressed for dollars to Jyh British Pound other currencies to the Dollar following arc Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies italian lira 1,604.45 turkish lira .11,362.00 Spanish peseta. 138.25 portuguese escudo. 172.52 austrian Schilling 12.144 saudi rial 3.75 Bahrain Dinar 0.3768 Kuwait Dinar 0.3015 norwegian Krone. 7.3615 danish Krone 6.703 British Pound 1.4995 German Mark 1.7262 Swiss franc 1.5205 French franc 5.898 dutch Guilder 1.942 belgian franc 35.18 Canadian Dollar. 1.2811 note figures Are expressed in collars to the British Pound other currencies to the Dollar Gold quote $389.75 an Wico Silver quote $4.96 an Otyce. . Gasoline prices Are still declining los Angeles a gasoline prices at the nation s pumps dropped an other Penny in the past two weeks an Industry Survey reported. The. National average Price including All grades and taxes was $1.1549 a gallon Down 1.09 cents according to the july 23 Lundburg Survey of 10,000 gasoline stations nationwide. The slide is result of continued weak crude Oil prices and plentiful supplies of finished gasoline analyst Trilby Lund Borg said sunday. Average prices at self serve pumps were regular unleaded $1.0863 a gallon mid Grade unleaded $1.1973 Premium unleaded $1.2764 Reg ular leaded $1.1076. At full serve pumps averages were Reg ular unleaded $1.4572 mid Grade unleaded $1.5455 Premium unleaded $1.6145 regular leaded $1.3842. China airline bolstering Fleet of Airbus planes Beijing a China Eastern air lines will buy nine Airbus passenger planes Over the next four years a govern ment run news service reported. The airline has signed a contract to buy five a340s and four a300s, the Xin Hua news Agency reported Over the weekend. It already has two a310s and three a300-600rs. Online computer service to feature time Magazine new York a time Magazine the nation s oldest news Wackly will be available electronically soon. Each sunday time said stories from the week s Issue will be available to customers of America online which pro Vides news sports weather and financial information and other services via per Sonal computer in addition to the Opportunity to read the Magazine a Day before it hits the Newsstands America online customers will be Able to Converse with time editors and reporters and other online subscribers by using the service s computer Bulle tin boards. In the future time said new makers will be available for online question and answer sessions with readers. The service is expected to begin in september. Walter Isaacson time s assistant Man aging editor said the Magazine does t expect to lose any readers to the service which will even give people a Quick Way to subscribe to the Magazine. Time s weekly circulation is about 4.2 million while America online has about 300,000 customers across the country. Financial details of the Deal were not disclosed. Isaacson said time will share Revenue depending on How Many people look at its Magazine on the computer system while America online greatly expands Rall you wanted to Dowas read the Magazine and did t care about getting it sunday night it would be better to get Iton paper Walter Isaacson time s assistant managing editor the information available to its custom cars. R America online based in Vienna va., competes with other online computer network operators such As Prodigy serv ices co., which is owned by International business machines corp. And Sears to Beuck co. Time decided to team up with America online because the service is very livery and easy to use Isaacson said. He said the time service would come at no extra charge to America online subscribers who pay a Basic monthly fee for several hours of Access to the system and extra for additional time. Isaacson said the real draw of time s electronic edition will be that readers can interact with one another and com ment on subjects covered in the mag Azine. If All you wanted to do was read the Magazine and did t care about getting it sunday night it would be better to get it on paper he said. Initially Only the text of stories in time will be available online. Photos and graphics will probably be come available later Isaacson said add ing that there Are no plans to include advertising in the service. Time is owned by Media entertainment company time Warner inc., which is pre paring to offer interactive services to its Cable to subscribers. The first demonstration of the new sys tem is planned in the Orlando fla., area Early next year. Longtime film executive joins Mem Culver City Calif. A the French Bank that became the unlikely owner of Mem replaced Alan w. Ladd or. On sunday with Veteran Hollywood executive Frank g. Mancuso As the studio Boss. Bank officials also said credit Lyonnais will spend More than $1 billion to re Duce the studio s debt and make at least $210 million available to jump Start Mem s United artists operations. Credit Lyonnais owned largely by the French government bankrolled Giancarlo Parrotti s 1990 takeover of what was then Mem a communications co. For nearly $1.4 billion. It had to pour hundreds of millions More into the nearly dormant studio after Parrotti defaulted on his Loans and the Bank foreclosed. Recently it gave Mem $190 million in movie production funds. The virtual collapse of what once was a leading Hollywood studio has spawned fraud and racketeering lawsuits Between credit Lyonnais and former owner Kirk Kerkorian. The Fri is conducting a criminal probe. The embarrassed Bank one of the world s 10 largest is seeking to sell Mem and Retreat from direct participation in Hollywood. Credit Lyonnais must re establish the studio As a credible producer of entertainment. The Bank has enlisted Michael Ovitz a Frank g. Mancuso apr top Hollywood agent and head of Crea Tive artists Agency to help turn Mem around. Mancuso 60, has spent More than three decades in the entertainment Industry most recently serving As chairman and chief executive of Paramount Pic Tures corp. Ovitz suggested bring ing Mancuso into the Effort to Rescue Mem. Ladd a popular Hollywood figure who Alan w. Ladd or. Worked for Kerkorian and whom credit Lyonnais had retained to jump Start Mem walked at an arrangement in which he would have had to share Power with Mancuso said sources who spoke on condition of anonymity. Ladd s plans were not immediately known. Mem a s past productions include rain Mao. A fish called Wanda and the Rocky films. Poetic Justice finishes first despite protest los Angeles a at least one theater com Wai plex walked at showing the inner City love Story poetic Justice but moviegoers made it the top grossing weekend film anyway. Jurassic Park meanwhile continued to accrue monster returns while the to inspired boneheads concluded its premiere weekend in sixth place Industry sources said sunday. Final Box office figures were to be released monday. Poetic Justice director John Singleton s follow up to his critically acclaimed Boyz n the Hood took in projected receipts of $12.1 million. The film starring Janet Jackson As a struggling hair Dresser who writes poetry opened in 1,270 Heaters but Cine Lex Odeon kept it out of its flashy 18-screen Complex adjacent to Universal studios. Theater officials said they feared it would attract the wrong crowd a los Angeles City councilwoman decried the move As racist. Another Columbia pictures release Clint Eastwood s in the line of fire was projected to Gross $11.4 million Friday through sunday to secure the weekend s no. 2 Slot. The firm starring Tom cruise As a lawyer caught Between the mob and the Fri slipped from no. 1 Tono. 3 with $10.2 million in receipts followed by the killer whale tale free Willy in fourth with $8.6 million. Steven Spielberg s Jurassic Park was headed for an $8.2 million weekend Good for fifth place and boosting its total to $270.7 million after seven weeks. That sur passes jaws $260 million and the return of the Jedi $263 million to make Jurassic the fourth largest Box office hit. Boneheads the spinoff of the old saturday night live skit finished the weekend with an estimated take of $7.4 million followed by sleepless in Seattle with$5.7 million. Another stakeout and hocus pocus were projected to tie for eighth place at $5.5 million. Son in Law and Snow White and the seven dwarfs were expected to tie for 10th place at $2.3 million
