European Stars and Stripes (Newspaper) - January 14, 1995, Darmstadt, Hesse                                Pago 14 the stars and stripes Money matters saturday january 14, 1995 i l today s rates following Are fixed rates at which Community banking and credit Union facilities will sell for a sign currencies tolls. Personnel for personal use British pound1.61 dutch Guilder 1.67 German Mark 1.49 Noto the rates above apply within the Host country. Figures Are expressed in Dollar to the British Pound other currencies to the Dollar a following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies it a austrian Schilling 10.758 Bahrain Dinar 0.37675 of Floc <51 British Pound y<5725 Canadian Dollar m1b2 danish Krone 6.031 dutch Guilder 1.7151 French franc 5.29 German Mark 1.5292 greek drachma 237.89 italian lira 1,624.50 Kuwait Dinar. 0.2986 norwegian Krone. 6.6975 portuguese escudo .158.10 saudi Royal. 3,7507 Spanish peseta. 133.50 Swiss franc. 1.2825 turkish lira. 39,900.00note figures Are expressed in dollars to the British Pound other currencies to the Dollar a Gold quote $379.60 an ounce Quot. Silver quote $4.05 an ounces a a sources merchants National Bank amp Trust co. And the associated press new York Exchange a few York apr sales 4 . Or Liq and not Chango of she 15 Moat Active now York Slock Exchange Jig uni trading thursday. ,. Him a a a a. A Velum Tut Chiq Tel Van aos16,434 000 35m a i Citicorp. A a. 7,765,700 381 a Hon ka6. A a. 6714.700. ,5v w and v. 5.653.500 31h 3 Compaq s. 4,560,100 "4214 Yff Sockos a. 4,519,300 2141 a heft got Clovis 3.692.300 25 v w is digital Quot 3,363,700 161y a 2m Fedna Tolg \ a a3.003.700 7dv a 4 i adar Rock Quot a a quot2781,100. 22 4 w stat corp a a a .2,469.200 47w _ a a  \. A a 2.450.300 2014 a it Emp Colca 2,370.000. Tow a sep acc i. .2.309,600 .�174k a 44 ism 2,210,500 7514 a 14 american Exchange hew York Ftp Al the to Mast Active trading thursday. Heme. A  g.  Echo Bay Quot a Chari mod a Viacom a. Quot Pugas Usalj a Chi Ysol s  Mcsorl sent -. To Bud Simca. A a sales closing Price and net change american stack Exchange Lapuos. Values 976.300 -968,600. A b9b.0oo 869.300 754.000515,000 a 457,400 a 332,200 a 324,200 313.900 lilt 3 5/10 9 ton 1614 43vt Chi. A it Kuncir 141vunch 2-9/10 9/16 Iw-t/18 34k w w m 14 a w r Dow Jones new York Dpi a Dow Janes closing tangs of averages on thursday a. High Tow clots Chang 30 industrials 3836 59 3031.41 3859.00 Oft 3.03. "20-tf Asp but 153072 1499.98 1519.07 up v1.41 15 utilities 184 22 181.72 483.56 up 0.33 a 55 stocks a. 1306,95 1286.09 1298.08 up 2.81 superstar studio creams up name Pasadena Calif. A the Young studio created by Hollywood hotshots Steven Spielberg Jeffrey Kat Zenberg and David Geffen finally has a name a dream works ski. The three Hollywood superstars Are shopping now for a site that will feature Grassy tree dotted areas to work in Spielberg told reporters thursday. Their vision outlined by Spielberg and Katzin Borg a Geffen was unable to attend a is a Cam up Slick setting that Fosters creativity. An and in Friday s Hollywood reporter announcing the name a dream works ski a shows a logo of a Crescent Moon holding a tiny Fisherman and the slogan a a future of opportunities Quot. Ailing Orange county sues Merrill Lynch for $2 billions Nta Ana Calif. A the supervisors of Orange county battered by crippling losses in an investment fund sued Merrill Lynch amp co. On thursday for More than $2 billion in damages. Merrill Lynch Quot abused the Trust and Confidence of the people by permitting and encouraging investments by the county fund that were Quot neither authorized by Law or suitable for taxpayers a said Gaddi Vasquez. Chairman of the Board of supervisors. The brokerage firm replied that the investment risks were fully disclosed to the county by former treasurer Robert Cit Ron a and that the Board of supervisors applauded his efforts which had for years brought High returns Quot for the Board of supervisors to now accuse Merrill Lynch is disingenuous at Best a Merrill Lynch said. Last month Orange county sought bankruptcy Protection from its creditors after its Multi billion do Lar investment fund suffered severe losses. The county a lawsuit filed in Federal bankruptcy court is the latest of More than a dozen already filed against Merrill Lynch the county a Lead broker and underwriter of municipal Bonds. The suits say Merrill Lynch devised an investment program under which the county investment Pool borrowed More than $13 billion while knowing the state Constitution set a $1.6 billion limit. Some of the litigation says Merrill Lynch earned More than $100 million doing business with Orange county pro Viding it a motive for supplying the county with investments it knew were unsuitable for tax dollars. The lawsuit also accuses the brokerage of violating a state constitutional provision requiring counties and other local entities to get two thirds approval from voters before borrowing More than their annual Revenue. It alleges too that state Law bans the extreme combination of borrowing and investing in risky derivative securities which the county investment Pool used. Derivatives Are financial contracts intended to minimize a company a financial risk in the Bond or currency markets. Used conservatively they can offset the risk of rising interest rates by rewarding the investor when rates fall. Super bowl is also a super sell companies Ante up for audience new York a super bowl fans arc you ready for sonic commercials. A a Quot More than two dozen advertisers a who Industry sources say have paid a re Cord average of $1 million per 30-Sccond commercial a Hope you arc. By tuesday the Abc television network had sold 58 of the 60 commercial spaces for the National football league championship game on Jan. 29. Its the first time any to program has commanded More than $1 million for a half minute of commercial time. The average Price is about triple the fare for ads on the highest rated prime time shows and 11 percent More than the $900,000 Abc got for ads in last years super bowl. Many advertisers and Media buyers said the Price is justified because the and Market is Strong and the super bowl draws the years biggest to audience. Last year a record 134.8 million people in the United states watched at least part of the telecast. The super bowl has become a showcase for advertising creativity a some viewers watch it for the ads alone moreover it could draw an especially big audience because Large scale to sports events Are scarce with no olympics this year or world series last fall. But Richard Kostyra president of the Media buying service Media first International said the Price still is too Steep for some companies Quot a lot of advertisers i have talked to have blinked at the rate Quot he said Anheuser Busch inc. Has used the Tele super and the average Cost of a 30-second to spot from 1967 to 1995 for the super bowl $1,000,000 Mutton of dollars \ / sources nil. A cast for the past six years to. Run ads keyed to its Hud bowl Matching animated bottles of Budweiser and Bud Light. For the first time this year the Brewer began running Bud bowl commercials a month before the game to give merchants an even greater reason to showcase buds promotional displays. Previously the Bud bowl was played in four 60-Sccund ads running during the super bowl telecast. This year Only the finale will air and the Brewer will use its other commercial time for Brand ads. Advertisers often have used the telecast to introduce products or new campaigns. Apple computer inc set the Standard in 1984 with an arresting commercial that introduced the macintosh computer. Nike inc., Pepsi cola co., Mcdonald a corp., Chrysler corp. And Goodyear tire amp rubber co. Are expected to introduce products this year. Nike Pepsi and Mcdonald a declined to discuss their super bowl plans. But Chrysler Hopes this years ads for the Dodge stratus will boost awareness of the new compact car As much As its Neon ads did for its new subcompact on Iasi years game. Goodyear is introducing new tires for Light trucks. Some one time super Bow advertisers arc sitting this one out. Gillette wont advertise Lor the second consecutive year. A we save it for product launches Quot spokesman Eric Kraus said. Reebok International the shoe marketer has a new and featuring Orlando magic Star Shaquille of Neal but will launch it on the Orlando Phoenix Aba game telecast a week earlier spokesman Dave Fogelson said. Englewood Colo. A a faulty heart pacemaker wire has been blamed for two deaths prompting a meeting today Between Federal regulators and the manufacturer concerning 40,500 other people who have the Dejee. Food and drug administration officials and executives from to electronics pacing systems inc. In Englewood will try to determine How serious the problem is. Quot we re concerned a a Bruce Burlington a director of Fra regulation of devices implanted in humans said thursday. Quot the really hard question is do you Lei pc pie to undergo the surgery to have triese wires replaced mow do you figure out which ones a the to electronics pacemaker is implanted in the Chest ant sends electronic pulses through a wire to the heart to keep it beating properly. To electronics got wind of a problem in october when a woman who had received the pacemaker died after the connecting wire poked through its insulation upon investigation the company discovered a similar death two years earlier and 11 other incidents in which patients had similar problems but recovered. The wire a known As a a Clatl because of its shape a has been used since 1987. In november to electronics sent a warning letter to 7,000 doctors known to have patients with the wire and set up a toll free number for anyone with questions. The number is 800-349-9t16. Such numbers Are not loll Iree from overseas phones. The company also recalled 1,500 unsold a leads but it made no announcement of the situation. Of the 11 other patients who reported failures of the a Lead two underwent sur Lccy successfully and five were determined to be without risk the company said. In four others the problem was no tic cd in unrelated surgery and resolved without injury. If it is determined the wires should be removed major surgery would be required Burlington said a the wire is scarred Down into the heart muscle and there is a potential problem with  however he added that it is unlikely More than a few percent of the Lead wires have broken since they were implanted and that Only a tiny portion of those patients would he at risk