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Publication: European Stars and Stripes Saturday, September 3, 1994

You are currently viewing page 14 of: European Stars and Stripes Saturday, September 3, 1994

   European Stars and Stripes (Newspaper) - September 03, 1994, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters saturday september 3,1994 today s rates following Are fixed rates a which Community banking arid credit Union facilities will sell for eign currencies to . Personnel for personal use British Pound. 1.58 dutch guilder1.72 German Mark. 1.54 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 rate that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren  Schilling. 11.09 Bahrain Dinar. 0.3767 belgian franc .32.45british Pound 1.5435 Canadian Dollar. 1.366danish Krone. 6.2145 dutch Guilder. 1.767 French franc. 5.3945 German Mark. 1.5757 greek drachma. 240.40 italian lira. 1,581.50 Kuwait Dinar. 0.2979 norwegian Krone. 6.904 portuguese escudo. 160.65 saudi rial 3.75 Spanish peseta. 130.71 Swiss franc. 1.3241 turkish lira. 32,827.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $387.10 an ounce Silver quote $5.43 an ounce sources merchants National Bank a Trust co. And the associated press new York Exchange new York a sales 4 . Price and net change of the 15 most Active new York Slock Exchange issues trading nationally thursday. Volu hit 8,340,500 " 8,265.300 7,102,300 nit Compaq a 1 re Nab Phllip morals Ford motors Flag Krhut. Gap. Nat sell fed Erdst Telmo ads ism Merck Flag pow Hanson ads Motorola Mcdonalds s Tail chq.34 /4 -2h 4,345,900 61 i 4,089,800 ?3v-5 37/64 4,036,300 4,000,000 3,479.100 2.918.400 2,733,400 2,584,400 -2,347,900 2,306,500 2,238,400 2,226joo 38v4 17v 22v� 62% 67w 34 13h 19v4 52vi -4�t -1h 1h Vuk v4 a -1w 28% 1 a american Exchange new York a sales closing Price and net change of Tho 10 most Active american Stock Exchange issues trading nationally thursday. Name Triton up Amdahl a Borsand Royal Oak Echo Bay chess its Ivan up. Lacomb Twa voting volume 1,544,700 -1,205,700 560,500 549,200 540,800 534,900 505.900 471,100 445,300 387,500 lilt chg. 2 i 9v4 unch 6h unch 4h 1/16. 12h a 12 i 20h Var 33 unch 37/18 7/16 1 3/18 unch Dow Jones new York a Dow Jones closing Range of aver Ages on thursday _ _. _ High Low Clou Chin 3927.99 3871.66 3901,44 Oft 11.98 off 8 74 off 3.49 30 industrials -20 transport 15 utilities 65 stocks. 164567- 188,31 1349.59. 1626.13-184.42 1330.21 1633.48 185.67 1338.93 off 7.80 $4.2 billion award called "  �  Too Small in implant Case Birmingham Ala judge questioned the adequacy of a $4.25 billion settlement of breast implant claims even As he made it the largest sin Gle product liability agreement in . History. -.,-.- critics have been warning for month that there won t be enough Money to  the tens of thousands of women in the first round of payments. . District judge Sam Pointer agreed thursday saying it was the court s guess that More Money would be needed. But those doubts Aren t enough to torpedo the Deal he wrote in an order approving the settlement. Ralph Knowles a lawyer who negotiated for the plaintiffs agreed with Pointer. I Don t think that anyone at this Point thinks the $4.25 billion is going to be enough me  Knowles said. Some critics contend that As much As$200 billion is needed to adequately compensate implant recipients. But Knowles said that was  court appointed administrators no will determine whether there is enough Money to  the claims. If there in to payments could be reduced and women Couff be Given the Chance to pursue individual lawsuits. Women have claimed that silicone gel from the implants leaked into their bodies causing chronic pain scleroderma hardening of the ski such immune system diseases As Lupus and other disorders the agreement involves nearly 60 companies that manufactured implants or their components. Dow Corning corp. Of Midland mich., agreed to  $2 billion the largest share. The companies did not admit wrong doing in the settlement. Joyce Attis of Toronto who had he implants removed in 1992 after 20 years and blames a number of ailments on them called the settlement disgusting and  it s like taking a toothpick from a tree said Attis 43. That Little amount Means nothing by the time it s divided up among All the  implant recipient Barbara Herzog of Lakeview pa., wanted More than Money. They have made nothing remotely resembling an apology she said women would still like that very  under the settlement american women will get Lump sum payments rang ing from $105,000 to $1.4 million de pending on their age and health foreign women will get 40 percent to 90 percent of the amounts granted . Women de pending on where they live. If no appeals Are filed the companies must make initial payments of More than $900 million in mid october. After attorneys for women in other countries said the settlement left them too Little Pointer increased the amount of Money set aside for foreign women from about $81 million to $96,6 million. The body shop whole Lotta memorizing an employee of South Korea s Samsung electronics co. Shows a 256 megabit dynamic random Access memory Chip for photographers in Seoul this week. Samsung the world s largest memory Chip producer announced that it has developed the first 256-megabit dram semiconductor with its own patented technology. _. Minneapolis a in an article that has caused a juror Long before its publication a Magazine has accused the body shop of trying to sell moldy Eye gel fabricating the exotic origins of some toiletries another lapses an Early draft of the article recently led a us. Ethical investment fund to unload 50,000 shares the British based company. Speculation about the accusations has led company Stock to plunge in Britain. The article by free Lance journalist Jon Entine was published thursday in business ethics Magazine. I quotes cosmetologist Mark Constantine the first Busi Ness partner of company founder Anita Roddick an Janis Raven a Public relations expert. The two Are quoted As saying that the company makeup stories about its products Cocoa butter inspired by hawaiian natives and Peppermint foot lotion mixed on request of the London Marathon among others. The article also claimed that franchisees around the world had problems getting the body shop to take Back spoiled products such As the moldy Elderflower Eye gel that was reported by former asian head franchise Eanne Downer. A company official wrote Downer that the product though moldy was unaffected and still Safe for use according to the Magazine. The body shop issued a statement thursday calling the piece recycled rubbish and a Mish Mash of defamatory and actionable false  the company said it will defend its reputation and is reviewing its Legal position. The body shop has jihad its defenders including con Sumer advocate Ralph Nader and Ben Cohen of the ice Cream maker Ben & Jerry s homemade inc. Nader said Entine has inclinations toward  Cohen re signed from business ethics editorial advisory Board after threatening to do so if the article was published. Chinese cheerios Don t say cheese but Steak and Cream new York a a cheetos in t ache Eto in China. Pepsico inc. On thursday introduced Aline of snack foods in China under the cheetos name but it s not the cheese Fla voted puffed snack popular in America. Because consumer tests found cheese lacks Appeal with the chinese Pepsico developed two new flavors Savory Amer ican Cream and Zesty japanese Steak. The big purveyor of snacks and Bever Ages Savici the debut of the cheese less cheetos in China Marks the first Tim that an International snack food Brand has been produced in China specifically geared to the chinese palate. It also reflects the increased affluence of Chines Consumers. With the chinese Economy gaining momentum and work hours increasing Between meal snacking is rising As rapidly As disposable income said Jeffrey Goh general manager of China operations for Pepsico subsidiary Pepsico foods International. The snacks will be produced by Guangzhou frito Lay ltd., a joint Ven Ture formed in 1993 by Pepsico foods International and the Xin Jiao agriculture co. Pepsico said it undertook extensive consumer testing in chinese cities before going with the Cream and Steak flavor cheetos which were the most popular choices out of More than 600 flavors. The product s introduction in the world s single biggest consumer Market is to be accompanied by an extensive marketing Campaign featuring television ads of cheetos Mascot Chester cheetah rid ing a Harley Davidson motorcycle. Later this month Pepsico will promote the cheese less cheetos by giving away 250,000 bags to schoolchildren in the Southern City of Guangzhou More commonly known As Canton. It is China most affluent consumer Market. In addition Pepsico said it is Fine Tun ing other snacks for Sale in China including prawn Flavoured crackers Sweet and sour Watermelon seeds and cuttlefish Fla voted peanuts. Pepsico announced the snack Blitz to coincide with a High profile visit to China by Commerce Secretary Ronald Brown the most senior ranking american offi Cial to visit China since president Clinton renewed the country s most favored Trad nation status in May. Pepsico based in Purchase n.y., is a leading soft drink and food purveyor with products that Range from mainstay Pepsi cola and Ocean Spray juices to food chains pfc pizza hut and Taco Bell  
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