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Publication: European Stars and Stripes Thursday, April 21, 1994

You are currently viewing page 14 of: European Stars and Stripes Thursday, April 21, 1994

   European Stars and Stripes (Newspaper) - April 21, 1994, Darmstadt, Hesse                                "if.1 Page 14 the stars and stripes Money matters thursday april 21,1994 today rates following Are fied rates a which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal uset British Pound. 1.52 dutch Guilder. 1.85german Mark. 1.65 greek drachma. 243.5297 note the rates above apply within the Hosto Bunfry figures Are expressed in dollars to the British Pound other currencies to the Dollar following Are Interbank rate that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies  ,. Austrian Schilling �., 11.9385 Bahrain Dinar. Q.37675 belgian franc. 34.97 British Pound 1.4825 Canadian Dollar. 1,3837 danish Krone 6.6674 dutch Guilder. 1.9098 French franc �,.i 5. 83.is".german Mark. 1.6973 italian lira. 1,629.25 Kuwait Dinar. 0.29745 norwegian Krone. 7.371 portuguese escudo i.173.70 saudi Riali. 3.7498 Spanish peseta 139.03 Swiss franc i. 1.4415 turkish lira i. 29,500.00 n note figures Are expressed in dollars to the British Pound other currencies to the Dollar void quote $372.40 an ounce Silver quote $5,22 an ounce sources merchants National Bank & Trust co the associated press United press International new York Exchange new York up York Stock Exchange Stock Chrysler corp Tel Fonos de a Merck & co in general motor Motorola inc Philip Morris Placer dome inc Wal Mart store Sam Barrack rest Ford motor  Dupont co Citicorp at to company digital equip my the 15 most Active stocks in new composite trading tuesday sales last net chg. 8,421,700 48 v4 " 5,438,300 53 i 4,640,300 28 w4,099.900 55 a 3.480,500 43 it 3,263.700 51 i 2,892,500 19 a 2,781,500 24 2,591,700 21 vi2,504,700 56% 2,407,600 2,199,800 2,176,300 2.141,600 off 2%otmw off off 1 i off 1 vtup1 v 4offtt 2,124,900 56% 38 a 50 i 21 w off Oft in up 1 i ofp/4offw up up american Exchange new York Upo the 10 most Active stocks i american Stock Exchange composite trading tuesday.  last net  1,264,400 10vi off troyal Oak mines 739,000 4 unch Cheyenne softer 699,300 24 a upv4am exploration 470,800 1 a off i new Yort Tamesa 379,100 26 i off v4exploratncou 360,700 1 unch Pegasus Gold 324,600 15 h off 1 a cite pharm inc 320,200 9w of Citadel holding 298,000 6h unc Weatherford inc 287,200 9 a up i Dow Jones new York Opi. Dow Jones closing Range of averages on tuesday Only High Low Clou change 30 industrials 3670.39 3567.18 3619.82 off 060 20 transport 1587,74 1546.24 1556.84 off 28.47 15 utilities 197.21 193.12 195.56 up 1.45 65 stocks 1293.00 1258.74 1273.78 off 6.25 Burger King cuts corporate staff Miami a Burger King corp. On tuesday eliminated 455 of its 1,430 corporate staff positions As part of a restructuring that the fast food company announced last month. Most of the cuts were at company Headquarters in Miami where 253 of 635workers lost their jobs. In corporate offices outside Miami 57 workers were Laid off immediately while an additional 15 jobs will be phased out. Some 130 employees were reassigned. The cuts Are meant to eliminate corporate Middle management jobs. Friends of u.5. Workers push to restore dual raises for 95 by Mike Causey Washington Post \ Washington with the Faith of a Man propping his used Yugo to compete in the indy 500, friends of Federal work ers Hope to scare up $3 billion to $4 Bil lion from a tight listed election year Congress to give Federal workers a Dou ble barrelled raise in january. By Law White Collar Federal workers Are due a National across the Board no crease of 2.6 percent plus a City by City locality adjustment that would Range from 1 percent to 2 percent. That same Law was in effect this year but the White House killed off the National adjustment. President Clinton no says Federal workers can have a 1.6 per cent raise in 1995, and Congress can Cal lit local National or both provided it re Mains a 1.6 percent raise. Backers of the full dual raises for 1995 face even greater hurdles this session. They must face an election year Congress that wants to convince voters that it is saving not spending Money. They must also Deal with Clinton appointees most of whom question conclusions that Federal workers Are paid 30 percent less than private employees. Federal unions say that if Uncle Sam Cut payments to contractors 1.5 percent that Money could be used to pay for full local and National pay raises. While the office of management and budget has been less than enthusiastic to the idea such a Deal is possible As the election draws near. Perhaps the greater problem facing the dual pay raises which were promised Federal workers by the Bush administration and Congress is that few people in the Clinton administration believe there is a significant pay Gap. Out of kindness John Brien vice president for technology at general electric co. Lehtine Divi Sion shows off an a lamp tuesday. 6 Bright idea boosts bulbs life expectancy efficiency by the new York times a household Light bulb designed Toast about seven years in Normal use will soon reach the Market Genera electric co s lighting division said tuesday. The bulb known in the Industry As an a lamp because it uses electronic controls will go on Sale in Europe within weeks and in the United states before year s end be said. Producing the Light of a 75-Watt Reg ular incandescent bulb but consuming Only 23 Watts of Power the household version of be s Genera a lamp will probably be priced around $20 at re Tail in the United states the company said. The technology called a compact reflector lamp has been in development for decades and smaller companies have attempted to bring ver Sions to the. Market Over the years. Butge s introduction is the first by a company with mass Market reach. The concept has been around for along time said John Breen vice president for technology at be Light ing. The problem was to turn it into a reality. We have had a lot of breakthroughs in the past nine months to make this  although a lamps look similar to common incandescent bulbs they work much differently. An incandescent provides Light by forcing electric Power through a thin wire filament until it glows brightly. The a lamp has no filament. In Stead electronic components in the base convert Ordinary household cur rent into High frequency Power that is fed to an electrical Coil. The Coil excites a Gas in the bulb to make invisible ultraviolet Light Whicha coating inside the bulb similar to the inner coating of a fluorescent lamp converts into visible Light. The advantages of the a lamp presupposed to be its Low electricity con sn0? 3nd Iong he a&�ut10,000 hours m Ordinary use be said. That would be about 10 times the life of a Standard bulb. Be officials said that the a lamp technology was still evolving and that it might be pos sible to double or triple the bulbs of or atm lives. Unlike compact fluorescent Light that have been developed As an economical Low Energy alternative to incandescent bulbs the a lamp is about the same size and shape As a conventional bulb. This Means it will fit into to 0 sma11 for the 10nger Flores to unions that have gone along with re inventing government including the Cut Ting of 252,000 jobs the White House has t publicly talked about Federal work ers being overpaid compared with the private sector but that could happen if the signal to play hardball is Given. Last year just before congressional hearings aimed at saving both raises the White House leaked data to the Media casting doubts on the Federal pay Gap and citing flawed methodology used by government workers to provide data leading to Federal pay raises. R Don t lose sight of the fact that presi Dent Clinton made less than $50,000 year before coming Here an official said. Federal White Collar workers have a shot at getting full dual pay raises next year. But for budgeting purposes Federal workers should Pencil in 1,6 percent and Hope they get a Nappy Surprise. Trucking firms teamsters bid to end strike Washington a negotiators broke into Small groups to Settle key is sues in a nationwide trucking strike. Negotiators for the teamsters and trucking management inc., which rep resents 22 trucking companies arranged a third Day of meetings wednesday under the watchful Eye of Federal mediators. They said there remained wide gaps dividing the parties after tuesday s ses Sions. _ / " the Clinton administration has quietly been pressing for an agreement Between the teamsters and Tim and the Federal mediation and conciliation service is playing Host to the talks. However the Agency has not been otherwise involve Din the dispute. Negotiators divided into subcommittees to discuss the toughest issues including the greater use of trains by ship pers and the hiring of part time workers. Those issues created the impasse that led to a breakdown in earlier talks March 31 and the strike by 70,000 Union Drivers and Dock workers that began april 6. Full negotiating committees were to meet again wednesday Grumman n Leader gets figurehead Post new York a Renso Caporali the chief executive of Grumman corp. Who initially spurned Northrop corp s takeover efforts was Given the figurehead title of Grumman chairman emeritus by his new Boss. Caporali also will work As an adviser during the transition to Northrop Grum Man corp. And serve on the Board of the combined company Northrop said tues Day. Caporali had initially agreed to sell Grumman to Martin Marietta which would have left him in charge of the unit after the Deal closed. The head of Northrop s b-2 stealth bomber program Oliver Boileau will work As president and chief operating officer of Grumman during the transition Northrop said. Northop won the bidding for Grum Man with a $2.17 billion offer breaking up the Friendly $1.93 billion Deal be tween Grumman and Martin Marietta  
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