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Publication: European Stars and Stripes Wednesday, November 23, 1994

You are currently viewing page 18 of: European Stars and Stripes Wednesday, November 23, 1994

   European Stars and Stripes (Newspaper) - November 23, 1994, Darmstadt, Hesse                                Page 18 the stars and stripes Money matters wednesday november 23.1994 today s rates following Are fixed rates a which Community banking and credit Union facilities will sell for eign currencies to . Personnel for personal use British pound1.61dutch Guilder. 1.691.51 not the rates above App within the Hof country. Flu pm a exposed in Dollar 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. 10.9225bahrain Dinar. 0.37675 big in franc. A 1 .92british Pound. 1.5696 Canadian Dollar. 1.3707danish Krons. 6.072 dutch Guilder. 1.7399 r is non Risno. 5.329. German Mirk. 1.5527 a risk drachma. 239.01 Halls Lars. 1,596.50 Kuwait Dinar. 0.29885norwegian Krone. 6.7934 portuguese escudo. 1 38.20 Suoi Psi �. 3.7500spanish peseta. 129.29 Swiss . 1.3158turkish lira. 36,000.00 Mot Algura a apr based in do bars to the British Pound other currencies to the Dohar now quote 1383.70 an ounce quote $5.18 Ari ounce sources merchants National Bank & Trust co. And the associated press Dow Jones new York Dpi Dow Jones closing Range of averages on monday High Low clots cfcmm30industrials. 3845.20 3758.74 3769.51 -45.75 20transports15 utilities 85 stocks 1482.74 1454.56 1459.45 -9.09 176.18 173.15 174.47 1278.78 1252.29 1256.85 -10.93 new network to show film listings previews by the new York times new York the new York times go and to Star corp., Parent company of the Toronto Star said monday that they Are developing a Cable network called the Popcorn Channel. The companies said the network which is scheduled to Start at the end of March next year will show previews of new motion pictures. In addition it will use the Bottom por Tion of television screens for local movie theater listings showing when and where movies Are playing near subscribers Homes. The companies have not yet decided How local the listings will be said a spokeswoman for the times co. The Channel will also sell movie and entertainment related products and offer ticketing services. The companies declined to say How much they were investing in the network. Mcdonald s shoved aside to make room in Beijing Beijing a the City govern ment breaking a Promise to allow Mcdonald s 20 years on Beijing s choices Street Corner said monday that the fast food giant must take Down its Golden Arches to make Way for a huge Commer Cial Complex. The City s decision is Likely to shake the Confidence of other foreign companies that have invested heavily in shops an factories in the same area. They now May doubt whether their land use contracts will remain valid for several decades. Mcdonald s says it does t want to leave its Choice location on the Corner of Beijing s Wang using Street and the ave nue of eternal peace. The outlet just two blocks from Tiana men Square opened Only two years ago and it has proved to be one of the most profitable Mcdonald s in China. But the 1.2 million Square foot site sur rounding the Mcdonald s is destined to be come the  a commercial of fice and residential Complex planned by Hong Kong Developer i Kashing. Warig Fujihi Mcdonald s belongs tothe expansion plan in Wang using Street. It needs to be dismantled and moved said an official in Beijing City s foreign Liaison office speaking on condition of anonymity. The official said Mcdonald s Wouldhave a site within the new Complex once it is completed in about three years. De tails of its location within the  and of the compensation to be  be negotiated Between the land Developer and Mcdonald she said. Mcdonald s representatives in Beijing and Hong Kong said they had not been officially notified about the City s Deci Sion. They also said they had not been approached by the  s developers. Since there has been no formal notification at this Point Mcdonald s has t decided on a reaction company spokeswoman Lianne no said. Mcdonald s earlier said it had no in stocks Sci new York a Stock Price dropped sharply tuesday As investors purged equities from their portfolios i favor of Cash or higher yielding Bonds. The Dow Jones Industrial average Wasoff 91.52 Points falling for its fourth consecutive session. Several Waves of computerized sell programs intensified the move. But analysts said that unlike monday session when the Dow dropped nearly 46 Points on technically driven Selling tues Day s Market fell under widespread port Folio liquidations. Behind the Selling was a growing con the wrecking sledgehammer is moving Ever closer to Mcdonald s prime location in Bey ing a spot that ciry Otti vials Are making the fast food restaurant give up. Ten ton of vacating the site which already is engulfed by the rubble of other build Ings razed to make Way for the . ,. It issued a statement last week saying that it believed it had a Legal right to re main at the Wang using location and that it did not want to move. The previous statement still  do riot want to move no said. Staffers in charge of the  development declined to comment say ing the Issue was fully confidential Beijing City officials granted Mcdon Ald s the right to use the Wang using sit during the aftermath of the army s crack Down on Tiana men pro democracy pro tests in 1989. Then most foreigners were suspending or backing away from their Beijing invest ments. When Mcdonald s said it wanted that Corner the City was glad to oblige. Five years later Competition for spaces much More intense. A construction Boom has made All of Central Beijing prime property and practically All of Wang using has been committed to projects financed by Hong Kong developers. Among several Hong Kong financier with Strong ties to the Mainland i is one of the most influential. He is Hong Kong s richest Man and appears to have Good connections with chinese officials. The Beijing govern ment has made him one of its advisers on Hong Kong affairs. Census that rising rates on fixed income investments Are too Good to pass up. There is concern on the part of som institutions that the interest rate Rise is not yet Over and that rates Are at level which Are increasingly attractive alternatives to equities said Eric Miller chief strategist at Donaldson Lufkin & Len Rette securities. Analysts also pointed to mounting con Cern that interest rates May continue to Rise choke off economic growth arid eventually Cut into corporate earnings. The issues of economically sensitive stocks took the Brunt of the Selling. At some Point in time they re going to slow this Economy Down Hildegard Zagorski Market analyst at Prudential securities said of the six interest rate in creases by the Federal Reserve so far this year. There s a sense that earnings of these companies have reached a Peak and peo ple Are Selling the stocks As a  the Selling was widespread sending Road Market indexes lower As Well. Technology stocks which had been Good performers in recent sessions moved lower after Motorola sold 18 million com Mon shares at a discount. Lew s fakes fitting step custom made Edns m a � a a of. A. I a a. 1. _. San Francisco a for Many people searching for the perfect pair of jeans can be a lifelong quest. Now Levi Strauss & co. Is offering a solution that combines computer technology with express mail and Good old fashioned measuring tape made to measure jeans. The custom fit process available at some original Levi s outlets begins with a customer trying on a pair of prototype pants. Then a salesperson is told where they should be nipped and tucked. The information is entered into a computer program that sends it to a factory in Mountain City tenn., where a personal pattern is printed and fabric is Cut. Arid sewn according to the customer s  three weeks the completed jeans Are sent to the store or the buyer s Home. Levi s custom jeans come in a variety of colors but Are available in Only the tapered leg zip Fly style. Prices vary by store but generally Are about $15 More expensive than the $48 retail Price of regular jeans said Levi s spokesman Sean Fitzgerald. The san Francisco based company said it designed the service for women who Are More inclined to com Plain about the fit. Men also will be Able to order Cus Tom jeans. The service is aimed at two types of women those who have body types that Don t fit into the 170 existing styles and sizes and those whom Fitzgerald Calls jeans connoisseurs looking for the ultimate pair of pants. The custom fit jeans Are available in new York City Columbus and Cincinnati Ohio Peabody mass. And Toronto. Within about a year Levi s Hopes to offer them at dozens of outlets across the country Fitzgerald said. He said women have flown to Cincinnati just to take advantage of the service. One retail analyst predicted that custom jeans will become a trend. Not every woman is shaped the Way Levi s makes pants traditionally said Walter Loeb of Loeb associates in new York. By custom fitting pants it has Asefi Cutlo Arm do to Man. .,._ til  my Vij Viii Iii Iii specific Appeal to Many women. This is and a very exciting development in my Ozimy opinion  
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