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Publication: European Stars and Stripes Friday, May 20, 1994

You are currently viewing page 18 of: European Stars and Stripes Friday, May 20, 1994

     European Stars and Stripes (Newspaper) - May 20, 1994, Darmstadt, Hesse                                Page 18 the stars and stripes Money matters Friday May 20, 1994 Nodars rates following arc fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound. 1.55 dutch Guilder. 1.80 German Mark. 1.61 greek drachma 240.5567 note the rates Aboyo. Apply within the Host country. Figures Are expressed in dollars to the British Pound other currencies to the Dollar  arc Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies. Austrian Schilling. 11.653 Bahrain Dinar. 0.37675 belgian franc 34.10 British Pound 1.5075 Canadian Dollar 1.3751 danish Krone 6.483 dutch Guilder 1.8597 French franc 5.669 German Mark. 1.6552 italian lira 1,583.00 Kuwait Dinar 0.2975 norwegian Krone. 7.1725 portuguese escudo. 170.75 saudi rial a. 3.7501 Spanish peseta .136.47 Swiss franc 1.41 turkish lira. 33,000.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar a a Gold quote $383.00 an ounce a a. Silver quote $5,55 an ounce. A sources merchants National Bank amp Trust co.,1 the associated press United press International c new York Exchange new York up a the 15 Mast Active stocks in new York Stock Exchange composite trading on wednesday. Quot Stock tet Tonos. De my ism corp a Wal Mart stores. At amp to company Etc corp. Citicorp Quot Home depot inc Chrysler corp Bank America. Raft. Nabisco hid general motors. Ford motor co computer Assoc Motorola inc gent electric. Sales 4,559,300 4.784.600 3,953,700 3,61 b,900 3.395.600 3.316.900 3,277,700- 3,099,100 3.091.900 2.908.900 2.509.100 2,-156,300 2.413.100 2,296,000 2,141,500 last 58% 60% 24% 55% �16% 39% 44% 46% 40% e 54% 58% 35% 46% 47% net ctrg., a a up 1% a. Off %. Up % a up 1%. Up 1% up up 1%. Off w up 1 unch att a Oft up 2% up 1% up i l american Exchange new y0rk8 lip a the 10 most Active stocks to. American Stock Exchange composite trading wednesday. A Stock sales last net chg. Exp Lorath co la 839,000 1 5-16 a unch Ivan corp -.534,600 18. Unch Cheyenne Sotter 522.600 19% up1% Royal Oak mines 506,700 4 a up 3-16tubes do Acero. 501,000 4%. Up % Viacom Nib 494,60028% up 1 vhf Elan corp pc .442,700 33%. Up 1% Energy service 356,100 3 15-16 up % Alc comm n corp a 337,300 .30% up %. Forest labs inc 3qb.300. 41% up r Dow Jones j new York up1 a do Jones closing Range d averages on wednesday. A a a a a a High Low close change 30 industrials 3761.74 3683,16 3732,69 up 12.28 20 transport 1603.19 1558 82 1594.36 up 36.66. 15 utilities 135,31 ,180.46 104.02, up 3.09 65 stocks. 1304.35 t273,33 1295.35 up 14,64 Market in . By news Day the food and drug administration on wednesday gave final approval to a California biotechnology company to sell genetically engineered tomatoes declaring the fruit to be Quot As Safe As tomatoes bred by Convent ional  officials of Caigen inc. Said their Macgregor a tomatoes which contain a Gene allowing them to Ripen longer in the Vine and withstand rotting longer will go on Sale in a Day or two in California and the Midwest. The tomatoes could arrive in East coast supermarkets sometime this year or next Caigen officials said. Cal genes tomatoes wont require any special Label identifying them As Gene altered products. But the company says it will voluntarily distribute Point of Purchase identifiers in stores some of the tomatoes May carry Little individual labels identifying them As a Mac Gregory a grown from flavor savr  the Broad significance of the Fra action both advocates and critics said is to open the Way for a Cornucopia of Bio Engi necked foods / grains crops an Ima 1 a fish and plants these new products Are already being tested. A wednesdays announcement Means that Caigen is free to sell its Gene manipulated Cotton for use in cooking As cottonseed Oil As Well As in clothing fabric. A Quot. The company also cart Market its Gene alleged canola Oil seeds with less saturated fat for cooking and As spreads. It also Means another company Dan Plant technology can Start making to engineered versions of its �?oveggiesnack�?T7 carrots celery and peppers awaiting approval by the . Agriculture depart ment Are a grow seed  virus resist a .1 i. I1 a a a a Quot a j 1�?T 1�?~ 1 Locri pc v. By a  no r 1, a a it a a. J 1 in pm r l c. A 5. P. V h t a map Roger Sale twist chairman of Caigen inc., in Davis cat if., displays two genetically altered a of savr Savry tomatoes in this file photo. Tant. Squash Zucchini and watermelons and Monsanto a soybeans. A grow seed is a subsidiary of Upjohn. A a the burgeoning list of hundreds of Bio engineered foods being developed in elude sweeter High nutrient Corn naturally decaffeinated Coffee Beans fruits vegetables breads and pastries and. Ice Cream that wont develop Freezer Burn. According to the agriculture departs ment the crops will be grown with fewer applications of herbicides less irrigation and less toxic pesticides now. In widespread use. A a a. A a under Fra policy genetically engineered foods do not have to be reviewed and approved manufacturers done to even have to notify the Fra that they intend to sell such products. But Caigen voluntarily submitted its a a flavor saves a to the Fra for review As a food additive. Passengers vent anger air that they breathe by the new York times Washington a members of Congress said wednesday that they Are besieged by complaints from passengers about the air Quality in airline  your mail questions we receive from our constituents and. My conversations with colleagues., Are. A Catalon of com plaints of headache ear discomfort sinus and bronchial ailments viral infections respiratory illness nose and Throat irritation and other ailments following flights a said rep James a Oberstar d-minn., who is chairman of the aviation subcommittee of the Public works and transportation committee. Although healthy passengers May not be affected by the reduction of fresh air in airline Cabins that began in the late 1980s, people with respiratory infections and other diseases arc More vulnerable Quot air Quality must not Only protect healthy passengers but those who Are sensitive to chemicals  immune systems May be compromised Quot he said. Rep. Jerrold Nadler d-n.y., said he has been notified by passengers a who Haye reported a variety of ailments during and after their flights Quot. A Nadler is a co sponsor of a Bill that would require airlines to provide 20 cubic feet of fresh air per minute per passenger twice what is sometimes received. Experts. Estimate that reducing the amount of fresh air in the Cabin to 50 percent from 100 percent saves an aver age of $60,000 in fuel per plane per year. Because fresh air is mixed with recirculated air Cabin air is exchanged Only every seven or More minutes Dee Maki president of the association of flight at ten darts told the subcommittee. Before 1980/ fresh air was changed in Cabin every three minutes. Clinton administration officials and airline executives said the air Quality in airline Cabins was no worse than that in Heaters and other densely populated pm closed areas a research indicates that commercial air travel poses no unique or significant risk to the health of passengers or Crew a said or Jon l. Jordan a Federal air surgeon with the Federal aviation administration. Bankrupt Eastern May take off As limited air Carrier Las vegas of a a resurrected Eastern airlines could be flying again by october using planes still in the grounded airlines Fleet to provide Lovy Cost service to eight cities. The plans were unveiled wednesday by Eastern a court appointed trustee Martin r. Shugrue who said the new Carrier could grow to 200 daily departures in 13 cities within two years. The airline to be called new Eastern airlines would operate out of the Core cities of Atlanta Philadelphia and Indianapolis. It would offer Low fares made popular by Southwest airlines along with less expensive first class rates to lure business travellers. Shugrue said the plan was born from discussions with creditors during Eastern a liquidation and the belief that secured creditors could get More of the Money they Are owed if Eastern sold planes were flying again. A this thing will work Quot Shugrue said during a speech to air cargo operators in Las vegas a a it a shockingly True. The Market is there the need is there. In a absolutely convinced this wild thing can Fly.�?�. Before it can Fly however the new airline must raise �100 million to fund the two year plan and overcome other Obsta cles. The preliminary plan has already been approved by a bankruptcy court judge Shugrue who was appointed trustee for Eastern after it dec arc bankruptcy in 1989, said he will know within 30.to 45 Days whether the Money can be obtained. If. We can put the financing together we wih be flying by october Quot he said the critical part of All this is the  Eastern which filed for bankruptcy five Days into a machinists strike supported by pilots and flight attendants stopped flying in january 1991. B owed unsecured creditors is billion. Since then Shugrue has been liquidating the airlines assets. A. A the new Carrier w Ould target Cit it dominated by major airlines that a Little if any Low Cost Carrier presence i said. A a a a your concept is to create a define Market Niche and to remain focused o serving that specific Niche Quot he  _ initially he said Eastern would Fly / daily flights. The flights would be a from Atlanta to Boston Orlandi Miami and Tampa. A from Philadelphia to Atlanta to ton and Detroit. A and from Indianapolis to Allan and Philadelphia  
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