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Publication: European Stars and Stripes Thursday, August 12, 1993

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   European Stars and Stripes (Newspaper) - August 12, 1993, Darmstadt, Hesse                                Page 12 the stars and stripes Money matters thursday August 12.1993 today s rates following Are fixed rates at which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use German Mark 1.67 British Pound. 1.51 dutch Guilder 1.88 greek drachma. 231.6-19 note the rates above apply within tit 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 . Dollar to foreign Curren cies italian lira. 1,616.00 turkish lira 11,547.50 Spanish peseta .142.25 portuguese escudo 176.15 austrian Schilling 12.0725 saudi rial 3.75 Bahrain Dinar 0.3768 Kuwait Dinar 0.3012 norwegian Krone. 7.465 danish Krone 6.995 British Pound 1.4705 German Mark. 1.7153 Swiss franc 1.524 French franc. 6.0235 dutch Guilder 1.9295 belgian franc � 36.61 Canadian Dollar 1.295 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $381.35 an ounce Silver quote .$4.77 an ounce new York Exchange new York up the is most Active stocks in Newyork Stock Exchange composite trading on tuesday. Stocks Tun Pac rail Maxis Energy Eastman Kodak Wal Mart stores Merck Coin crr Nabisco hid Philip Morri Sipf Sociedade Procter & Gambl Dillard opt str Bristol Myersq. Adt limited Mart corp blockbuster ent Sara Lee corp Silt 8,570,000 7,251.8004,325,100 3,602.100 3,525.600 3,200,000 2,304,0002,129,200 2,110,2002,096,400 2,028,000 1,932,500 1,876,0001.786,500 1,678,900 lilt 15v 25 304v4 46 35 51h.10 2225v4 22vt  up /tupv4 Otto off Tunch or�1 up of Vic off2hoff up up in Chiph american Exchange new York up the 10 most Active stocks in american Stock Exchange composite trading on tuesday. Slock Energy service Royal Oak mines Echo Bay min Sturner by dust b Turner by dust a Struthers Indus Horn & hardart Interne comm charter med cup Hasbro inc sum11,890,700 656,400 638.700 532,900 486.400481.700 462,200442.300 363,300 352,900 lift nil Chi 215-16 off 5 /412v4 21v421v4 43-1611h 22v36v unc Hunch Oft 4 of a up off i Oil Vipul Offut Dow Jones new York up Dow Jones closing Range of averages on tuesday High Lew Clou in ant 359983 3547.02 3572.73 off 3.35 1636 25 1611.25 1630.27 up 12.61251.45 249.01 30 industrials 20 transport15 utilities 65 stocks 250.00 1336.78 1317.95 1328.71 Orf 1.12up 1.65 wiring flaw prompts pm to recall nearly All sat urns no. Firm develops blood cell substitute Trenton . A a Bio phar Mac cubical company gained a Patent tuesday for a red blood cell substitute a substance that eventually could help save lives of people and animals bleeding from accidents or surgery. Enron inc. Of Piscataway said it plans to begin clinical trials for a human blood substitute next year and for synthetic Ani Mal blood later this year. Both products could open up huge markets eliminating problems of blood Type compatibility possible contamination from disease Short shelf life and the limited blood Bank Supply for people and none for pets. Detroit a Saturn corp., de troit s acclaimed answer to japanese Auto Quality is recalling nearly All its cars to fix an electrical problem that could ignite fires under the Hood even if the engine in t running. The general motors corp. Subsidiary confirmed tuesday that it has been notifying owners of More than 380,000 Saturn vehicles about the problem which Deal ers Are fixing for free. Saturn portrayed the recall As an example of How it goes to extraordinary lengths to please customers who generally have been Happy with their cars. Sat urn officials said they knew of 34 fires but no injuries. Still it is the eighth and by far the big Gest recall in the Young history of Saturn conceived More than a decade ago by pm to help arrest Japan s growing share of the . Car Market. Other problems in Saturn cars have ranged from fault Windshield wipers to improper Radiator coolant. The latest recall also had the potential jury backs american s air fare cuts Galveston Texas a airlines got the go ahead for another bruising Price War if they dare after a jury cleared american airlines of illegally try ing to drive its competitors out of Busi Ness with Cut rate fares. The Federal jury deliberated fewer1 than three hours tuesday before reject ing claims by Continental and Northwest that american had Cut fares below Cost in what is known As predatory pricing. American the nation s largest airline had said it merely tried to simplify fares and generate profits. Obviously the jury appreciates com petition in the airline Industry said Bob Cooper an attorney for american. In april 1992, american Cut fares 40 percent and simplified its fare Structure shunning special offers and other Gim micks. After a vicious fare War that saw each major airline Matching or undercut Ting the other s deep discounts Ameri can abandoned the setup last fall. Northwest and Continental had sought $1 billion in damages. With the potential for triple damages in antitrust cases american could have faced $3 billion in penalties. It sounds like the jury pretty much said we like lower prices aggressive fare cutting innovative fare structures because of the belief that the consumer benefits from it said Matthew Mitten who teaches antitrust Law at South Texas College of Law in Houston. Continental said it May Appeal. American heavily disguised its Preda tory pricing plan from its inception and obviously the jury had difficulty seeing through its mask the airline said. Some Industry observers predicted Continental and Northwest will now offer additional discounts on the theory that they delayed fare cuts this summer be cause of the trial. But american chief executive Robert Crandall was t saying whether hell bring Back the discount setup. The body can Only absorb so Many bruises he said. To blemish what has been one of the most notable modern Day Success stones for pm the world s leading automaker which has been beset by heavy financial losses and image problems in its other car making operations. Saturn is ranked Only behind japanese luxury brands lexus and infiniti in Cus Tomer satisfaction a recent Survey by the . Power and associates Market re search firm shows. It certainly does t help from an image perspective said Joseph Phillippi an automotive analyst at the Lehman Brothers investment firm in new York. But i Don t think it will prevent anyone from going into a Saturn showroom or strike it from their consideration  news of the repair ddn t appear to have any major Impact on pm Stock which closed Down 25 cents a share tuesday to $48.50 on the new York Stock Exchange. Although Saturn promptly notified vehicle owners the general Public heard of the recall by word of Mouth. Saturn dealers scrapped vacation plans extended service department hours and plied customers with snacks in what appeared to be an attempt to turn the re Call into a Campaign of reassurance that their service was Superior. Judging from How some Saturn owners described it the recall Effort simply re confirmed to them that they had made the right Choice. I have no problem with this car or Saturn said Gloria Brown of Bloom Field Hills mich., waiting for her car to be fixed at Saturn of Troy where dealers feted customers to hot dogs and burgers while they waited for the. 30-minute re pair. The next car i buy will be a Saturn  the problem centers on wiring in the alternator which could potentially ignite an engine fire in nearly 80 percent of the cars Saturn has manufactured at its Plant in Spring Hill tenn., Plant since 1990. The recall will Cost an estimated $25 per car to fix or about $8 million. It involves cars from Model years 1991, 1992 and those built through april 14,1993. Her shy foods corp. On wednesday unveiled a new treat the hug. The new kiss shaped item contains layers of White and milk chocolate. Hershey Hopes Consumers embrace new chocolate treat Hershey a. A chocolate lovers can now have a hug with a kiss. On wednesday Hershey foods corp. Affectionately unveiled its hug a sweeter version of its popular milk chocolate kiss. The bite size hug is in essence kiss with thin strips of White Choco late wrapped around it hugging its to speak. Of 0retaining the distinctive kiss shape of a Bell pinched at the top the new Candy Marks Only the second Altera Tion to the kiss in its 86-year history. It has the traditional recognizable shape of the Hershey kisses that con Sumers have recognized for years Hershey spokeswoman Bonnie g Hinkson said. One marketing strategist questioned whether the Public could Han dle hugs and kisses. If you introduce the hugs where is the business coming from said Jack Trout president of Trout & Riesop Greenwich Conn. I m afraid it May be coming from the  but John Maxwell jr., a food Indus try analyst at wheat first securities in Richmond va., said it was too soon to Tell How Consumers will react to hugs. The sweeter taste of hugs comes from White chocolate More accurately called Cocoa butter because it s the Yel Lowish White fat that remains once the Brown coloured chocolate is removed. The Cocoa butter is what gives the taste to chocolate said Ray Broekel a chocolate historian in Ipswich mass. It s much Richer in taste than the chocolate  hugs have 220 calories and 13 Grams of fat per serving of about eight pieces compared with the 200 calories and 12 Grams of fat for the same num i Ber of kisses  
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