Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Saturday, May 7, 1994

You are currently viewing page 16 of: European Stars and Stripes Saturday, May 7, 1994

     European Stars and Stripes (Newspaper) - May 7, 1994, Darmstadt, Hesse                                Page 16 the stabs and stripes Money matters saturday May 7,1994 today a rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal us British Pound .1.53 dutch Guilder. 1.82 German Mark 1.63 greek drachma. 236.3507 note the rate above apply within the Host Cour try. Of urea Are expressed  to the British Pound other currencies to the Dollar a following arc Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign a Tirreno cies a a a a a a austrian Schilling. 11.7345 Bahrain Dinar 0.37675 belgian franc 34.35 British Pound 1.4953 Canadian Dollar 1.3824 danish Krone 6.5346 dutch Guilder 1.8772 French franc 5.7222 German Mark 1.6701 italian lira 1,602.00 Kuwait Dinar 0.2971 norwegian Krone 7.245 portuguese escudo 171.60 saudi rial 3.7498 Spanish peseta 137.00 Swiss franc 1.4206 turkish lira 32,000.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $372.80 an ounce Silver quote $5.to an ounce. Quot sources merchants National Bank amp Trust co., the associated press  International c new York Exchange 3. New York up a the 15 most Active stacks in new York Stock Exchange composite trading on thursday a. Stock sales Tail net chg. K Mart corp 4,360,700 15 Oft i Westinghouse Al 3.891,200 13 up a Chrysler corp 3.682,300 45v of a sit Iasi airlines 3,546,800 28v4 a of few Hecla mining co. 3,050,800 9hup a Fps group inc 2,688,600 3w 1 0n2k syn Lex corp a a a. 2,637.100 a a 23w a unch time Warner no. 2,500,300 40v4 up 14 fre Epil mcmoran 2,326,000 .1714 Oft a Mitel Corn 2,169,100 3h up h Rwjr Nabisco hid 2,104,800 6�?Ta Oft i Motorola inc. A 2,166.900 44 a off nine West group 1.984,600. 26 a of Vav Continental up. 1,941.000 19w off a Wal Mart stores 1,848,100. 25v� up. American Exchange 1 a new Yorku american Stock sleek explore by co la Nax corp Echo Bay mines Nabors Industry Energy service Viacom inc b. Enzo Blocher Hasbro inc inter Ditl comm new a the 10 most Active stocks in change composite trading thursday. Silei Ute net chg. Lett comm York times a ,1,105,800 861.600 590.000 573,200 478.000 425.500 347.400 308.500 306.000 218.300 m 19. 1qv. 6ft-315-16 28v4 10 3414 5w 2514 Wincn off on v4 on i unch up i up a up 14 up a up a Dow Jones 1 a. New York up a Dow Jones closing Range of averages an thursday a High Lew Clou change 30 industrials a 3731.07 3675.45 3695.97 on 1.76 20 transport 1649.75 1623.71 1632.76 off 9.27 15 utilities a a 195.76 191,93 192.79 off 2.11 65 stocks 1319.50 1208.74 1305.80 off 4.60 currency traders sceptical of . Backing for Dollar Flo. Counties say hello to 3-digit phone numbers Miami apr Southern Bell is offering easy to remember three digit phone numbers in South Florida. But convenience conies at a heavy Price. Each phone number costs $25,000. And a Mere 10 of the three digit phone numbers Are for Sale in Dade and Broward counties. A we re having to come up with All sorts of ways to accommodate people in the information age a Southern Bell spokeswoman Wendie Fienberg said. By the Washington Post new York a Ray Dalio treats the platoon of worried governments trying to Stop him from Selling dollars As if they were so Many Snake Oil merchants. A a they May Tell Hibi the . Economy is Strong and All the rules of comi Perce favor a Strong Dollar but he secs hints of inflation an erratic. Administration in Washington and to real passion for keeping growth it Check. That his own government and a dozen others Are willing to buy dollars to prop up the . Currency does not impress him. A like Pavlov a dogs a said Dalio president of Bridgewater associates inc. Of Wilton conn., a traders have Learned to Trade against interventions like  several currency traders said Little Short of an unusually Strong move by the Federal Reserve to raise interest rates will kill lingering fears of inflation and persuade investors that Stock and Bond markets Are on solid ground. Some traders also said the Clinton administration was going to have to show a More measured predictable approach to its Many Pouti Carand financial problems before they will accept it As a reliable guide for where they should put their Money. A you have a weak presidency that is increasingly inclined to focus of its political problems. And a weak fed a said Ian Spence a managing director of foreign Exchange at chemical Bank. A we Are not worried so much about inflation As we Are worried about inflation not being  administration officials have called such concerns nonsense and pointed to several signs of solid growth and rising interest rates that should raise the value of the Dollar. Privately though some officials express concern that the dollars de cliche indicates a broader sense of unease about their policies. On thursday currency markets responded As the Arnim Stratios hoped to its intervention plan As the Dollar Rose slightly. The Dollar stood at 1.6670 German Marks in late new York trading up from 1.6535 on wednesday against the japanese yen the Dollar was quoted at 102.85 yen up from 101.85 yen Widnes Day. The Stock and Bond markets whose weakness has led Many traders to. Sell dollars were virtually unchanged ,. Since the beginning of the year the Dollar has dropped 10 percent against the yen and 5 percent against the Mark. Administration officials and their allies in Europe and Japan have been concerned that a further drop would aggravate turmoil in world financial markets and Lead to further increases in Long term interest rates As Well As erode Stock and Bond. Prices. A Quot Burns some groups up by the los Angeles times the smirking face of Joe Camel has resurfaced on the last place that antismoking activists want to see him cigarette packs. The provocative cartoon Mascot for Camel cigarettes a denounced by critics for its Appeal to children a is being nationally distributed by tobacco giant , Reynolds on cardboard a a collector a packs Quot of Caincr lights As part of what the company is calling a temporary promotion. Just last month the surgeon general harshly criticized the cartoon Mascot for its Appeal to children. And earlier this year the company took heat after it added female Camel caricatures to its Admix. Marketing experts say the latest action by the tobacco company is a Clear attempt to boost sales by More closely connecting the product with its highly publicized and Campaign. Reynolds insists its motives arc pure. The new packaging a is just a fun thing for our franchise of smokers a said Maura Ellis a spokeswoman for Reynolds.  All along that if we Felt the cartoon character was causing kids to begin smoking we would Stop  but critics contend that Reynolds action is an attempt to get children to reach for the pack. A this is a new Low in advertising Quot fumed John f. Banzhaf Iii executive director of action on smoking amp children of course will now want to pick up the packs and collect them. This is the most despicable thing that . Reynolds has done.1 t a John  111 health. A children of course will now want to pick up the packs and collect them. This is the most despicable thing that . Reynolds has done a despite claims by Reynolds executives that the cartoon Camel has no special Appeal to children a it has become a status Symbol among Young kids a said David Altman president of the group Stop teen age addiction to tobacco a obviously the company plans on pushing the Camel cartoon just As far As it  the latest promotion features five different Camel characters a four of which Are members of the imaginary hard pack musical quartet Ellis said. All of them also appear in print ads. A placing pictures of the big nosed camels on the packs a is a Way to get Consumers to look twice a said Stephen a. Greyser marketing professor at Harvard University in Cambridge mass. It prompts Consumers to link the product with the ads he said. New York a the chairman of video rental company blockbuster entertainment corp. Has expressed his first Public doubts about whether a merger with Cable to network company Viacom inc. Will be completed. Chairman a Wayne Huizenga said in a wednesday letter to shareholders that he is unable to assure them the Board will recommend approval of the  gaps letter filed thursday with the securities and Exchange commission said that while the combination still offers a an excellent strategic opportune to a the Price has fallen 35 percent and May no longer be right. Since the Deal was negotiated in january its value has been severely eroded by a decline in Viacom Stock prices securities analysts have Long Felt the merger would have to be renegotiated to win blockbuster r s a Reh older approval. There was a published report thursday that Viacom and blockbuster Are already discussing alternatives to a merger. Calls on thursday to Viacom and blockbuster were not returned. Blockbuster based in fort Lauderdale fla., agreed in january to be bought by Viacom in a Stock Swap that was then valued at $8.4 Bill Jon. The Deal provided a boost to Viacom which owns the mtg Showtime and Nickelodeon Cable networks at a critical juncture in its ultimately successful takeover fight for Paramount communications inc., the entertainment and publishing concern. Moscow up a As most russians look Forward to the warm summer months workers in the urals town of Chelyabinsk were contemplating a different kind of future wednesday after Cash strapped factory Bosses offered them cof a fins in place of their wages. A never has the problem of debts amongst russians enterprises led to such a distortion of values a the russian itar Tass news Agency reported. The firm in question the Chelyabinsk acrylic plastics factory sees the grisly Benefit in kind As a Way to compensate its workers for the Back wages it owes restful future for Back pay them. Workers can opt for a personalized Tombstone instead. The newspaper vec Herniy Chelyabinsk pointed out however that these weren to the Only options available. Workers Are also allowed to select goods from the factory shop choose building materials from the warehouse and Exchange their transport tickets for food at the factory refectory. Chronic Cash flow problems currently affect the vast majority of russian Industry with workers in Many sectors owed several months of wages for work already completed. Y in recent weeks the problem has spilled onto the streets of Moscow with Coal miners nuclear Plant workers and defense Industry workers All protesting at unpaid wages outside the russian White House the government building. Meanwhile a Moscow based private funeral services firm announced a new a buy now die later discount offer for would be corpses. The Ritua i service firm offers clients an inflation proof charge of five minimum monthly salaries if they Book their funeral Nowr the russian daily Moskovskaya pravda reported wednesday. P  
Browse Articles by Decade:
  • Decade