European Stars and Stripes (Newspaper) - January 6, 1994, Darmstadt, Hesse                                Thursday january 6, 1994 Money matters the stars and stripes Page 15today�?Ts rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use German Mark .1.69 British Pound 1.52 dutch Guilder 1.88 greek drachma .238.0998 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 currencies -. Italian lira 1,694.25 turkish lira. 14,570.20 Spanish peseta 143.88 portuguese escudo 175.86 austrian Schilling. 12.187 saudi Royal 3.75 bahraini Dinar 0.3767 kuwaiti Dinar 0.2984 norwegian Krone .7.4872 of Nash Krone 6.754 British Pound. 1.4865 German Mark 1.734 Swiss franc 1.479 French franc a a a a a a a a a a a a a a a a a a a a a a a a a 5.891 dutch Guilder 1.9423 belgian franc. 36.15 Canadian Dollar 1.318 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $394.00 an ounce Silver quote $5.20 an ounce. L new York Exchange new York up a the 15 most Active stocks in new Yov Stock Exchange composite trading on tuesday. Stock safes last Nat cd. Re Soisa 13,121,600 30 34 unch cml group inc 7,084,300 18 on 4 Tete foods be my 6,742,500 66 % up 1 i Merck amp co inc 3,696,800 36 up % Timera Merlc 3,157,600 41 i. At amp to company 3,143.100 52 0�% it corp 2,636,200 34 % och general motors.2,413,300 56 % up1% Rwjr Nabisco hid. 2,408.500 6% unch Eastman Kodak 2,375,700 a 45 3v up 1 a a. Pm corp 2,268.700 17% up i m Chrysler corp 2,268,000 56 up 2% Home St mining 2,225,800 23 i a pvt Chicora 2.210,100 37% up Wal Mart stores 2,201,300 25% up a american Exchange new York up a the 10 most Active stocks in american Stock Exchange composite trading tuesday. Stock Sale last net Chol. A Echo Bay mines 2,198.100 14% up % Royal Oak mines 969,800 5 % off a Cheyenne softer 895.700 25% Pegasus Gow 619.000 24% up Amdahl corp. 521.500 6 % up a atari Coro 514,800 69/ Chambers Oev a 474,100. 4 % Hasbro inc 409.800 35% of a Energy service 355,800 3% up 1-16 Weatherford inc 206.900 10% up i l Dow Jones new York up a Dow Jones closing Range of averages on tuesday _ High Low close change 30 industrials 3798.25 3718.89 3783.90 up 27.30 transport 1763.17 1737,65 1254.59 15 utilities 227.92 225.42 226.60 off 0.46 65 stocks 1388.77 1364.55 1382.64 up 5.73 buyout plan backers face Tough going in Congress by Mike Causey the Washington Post Washington a proponents of a program that would permit All Federal agencies to offer selected workers up to $25,000 to quit or retire face a Rocky Road when Congress returns Jan. 25. Budget cutters will insist that offsetting savings a perhaps in the form of a higher retirement age or changes in the governments in House savings plan a be instituted before agencies offer buyouts and Early retirement to employees. If opponents hang Tough the buyout package could be killed or delayed until it is of Little Benefit to Federal agencies. To get the most bang for the Buck agencies need to have employees off the payroll As Early As possible in this fiscal year which started oct. 1. If buyout authority is delayed or denied agencies that have been told to Cut 252,000 civilian jobs Over the next five years will have to Start layoffs. While most defense department layoffs hit men in Blue Collar jobs at depots and shipyards any  layoffs would have the greatest Imp act on women minorities and younger workers lacking seniority or veterans preference. The House Post office civil set a vice. Committee has approved a buyout package and the Senate governmental affairs committee has prepared its own version. Last year the House narrowly Defeated an amendment to the Clinton administrations a reinventing government package that would have gradually raised the Federal retirement age and reduced the 5 percent contribution the government makes to savings plan accounts of workers under the Federal employees retire ment system. The Senate will vote on the package when it returns and the retirement system changes could resurface. Politicians who see buyouts As the Cost effective humane Way to reduce staffs paying willing old timers rather than fir ing unwilling new employees a have several options a a push a Bill that deals Only with extending buyout and Carly retirement authority to non defense Federal agencies. The Bill would not have any other features to protect it or make it unattractive. A stick the buyout plan in a supplemental appropriation Bill providing for emergency spending authority. Such a package could have All sorts of unrelated items near and dear to the hearts of enough politicians to enable it to  a abandon the idea of a buyout authority throughout the government and instead approve buyouts Agency by Agency if agencies could make the Case. Under current Law the defense department Cia and government printing office Library of Congress and general accounting office have buyout authority. Congress has tentatively approved buyouts for Nasa which was ordered to reduce programs and employment. With sex insurance Leader japanese executives by the new York times trans world airlines which is struggling to find a stable flight path after emerging from bankruptcy Protection in november on tuesday replaced its chairman who had been appointed Only seven months ago. It replaced William Howard with Donald Craib jr., a Twa Board member and former chairman of the Allstate insurance group who has no airline operating experience. The Carrier also said Glenn Zander vice chairman had resigned for personal reasons. The airline offered few insights into the circumstances that prompted the changes. A company statement suggested that Howard was stepping Down after accomplishing his goal of shepherding the Carrier out of bankruptcy. However during an interview last summer the 72-year-old Howard said he planned to stay As Long As he was having fun or until he was asked to leave. When pressed he figured he would stay for a few years but Howard the former chief executive of Piedmont airlines is a Man of Many hobbies including his car and motorcycle collections As Well As several boats at one of his Homes in key Largo Fla. Indeed his eyes brightened and his impatient manner softened when talk turned to his hobbies during the interview. Zander a Twa Veteran who had hoped to run the airline had clashed often with Howard. At one Point last fall Howard Craib he submitted his resignation but was persuaded to stay. The changes add to the Stream of mixed news from the airline in recent months. Although its service was Long believed to be among the worst in the business it recently won top honors on inter a National flights for customer satisfaction in a . Power amp associates Survey of business travellers. The turnaround was attributed in part by Industry analysts to employees gaining in the reorganization a 45 percent stake in Exchange for $660 million Worth of concessions Over three years. The airlines creditors own the remaining share. Although Twa has defied widely held predictions of its demise some Industry analysts have raised concerns about the airlines thin Cash Cushion. A we believe the Carrier could run out of Cash Over the next few months unless it can raise additional funds a Paul Karos an Industry analyst wrote last  Sale new York a major airlines countered a fare Sale started by Northwest airlines with offers tuesday of up to 45 percent off and Vance Purchase tickets. The biggest discounts of 40 to 45 percent apply Between monday and thursday whereas weekend travellers were offered savings of 30 to 35 percent. For Many cities the discounts get smaller for trips that Start after feb. 16. Northwest announced its cuts late monday. Rather than match the Sale on routes where they compete with Northwest some airlines applied their discounts nationwide. Some airlines held Back on applying the Sale to All of their warm weather destinations. Us air matched the Northwest fares except to Florida. American the largest . Carrier to the Caribbean limited the Sale to the few routes in the Region where it competes with Northwest. Steep fare sales Are common in the Winter when travel drops off and airlines seek ways to fill uncooked seats. Tickets must be purchased by tuesday for trips Between Jan. 18 and april 15. They must be bought. At least two weeks ahead of time and include a saturday night Stopover. Express  three automakers had Best year since 90 Tokyo Fuji a More than half of a a a w. Non. Tokyo up a More than half of Japan Stop 100 corp a presidents have no Hope of any economic recovery before 1995 at the earliest a newspaper poll said wednesday. The Manichi Shimun poll found 48 of the presidents expect Japan a slump the most prolonged since world War ii to deepen Between now and september. Most of the business leaders predicted real economic growth of less than 1 percent in fiscal 1994 beginning april 1. Twenty forecast Zero or minus growth. Another report said Only 10 percent of major companies expect to Post higher profits. Detroit apr the nations big three automakers racked up their Best sales in three years during 1993, shrinking Japan a Market share and propping up the . Economy. Ford motor co., general motors corp. And Chrysler corp. Sold 10.36 million vehicles in recording their Best performance since 1990, when they sold 10.7 million  years sales Boom was boosted by new car lines Low monthly leasing of Lions for buyers and higher priced japanese Competition. The Ford Taurus Sedan was the nation a Best Selling car for the second straight year and the of series pickup was the Best Selling truck for the 17th year. Ford had five of the 10 Best Selling vehicles. Final Auto sales figures were not to be available until wednesday when some european makers were to release their numbers. But makers responsible for More than 90 percent of the Industry reported 1993 totals tuesday. Chrysler finished with 14.5 percent of the . Market a us Best showing in 23 years. Its new car lineup helped Chrysler sell about 2 million vehicles for the first time since 1989. For general motors growing demand for trucks was a Blessing and a curse it ran out of trucks to sell because of insufficient factory space. The Success of new models and the strength of the yen were expected to steal about 1 percentage Point from the 24.3 percent . Market share that japanese automakers held in 1992. The Industry proved to be the engine of the Economy a recovery. Factory orders and Industrial production grew and consumer spending Rose through new lease and Purchase contracts