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Publication: European Stars and Stripes Wednesday, January 18, 1995

You are currently viewing page 14 of: European Stars and Stripes Wednesday, January 18, 1995

     European Stars and Stripes (Newspaper) - January 18, 1995, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters wednesday january 18 1995 to pats rates following Are fixed rates at which Community banking and credit Union facilities will sell foreign currencies to . Personnel for personal use British Pound 1.61 dutch Guilder 1.67 German Mark 1.49 note the rate above apply within the Host country figures Are expressed in dollars to the. British Pound  the Dollar. Following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign currencies a a a a. A a a. By austrian Schilling 10.775 Bahrain Dinar 0.37675 belgian franc British Pound 1.5656 Canadian Dollar 1.4163 danish Krone 6,0335 dutch Guilder 1.7226 French franc. 5.3085 German Mark. 1.5306 greek drachma .239.00 italian lira 1,602.00 Kuwait Dinar .0,29885 norwegian Krone 6.6911 portuguese escudo 158.17 saudi Ulyat a a a a a a a a a a a lift 3.7506 Spanish peseta. 133,20 Swiss franc 1.295 turkish lira 40,050.00 note figures Are expressed in dollars to the British Pound other currencies to the Dollar Gold quote $377.90 an ounce a. Silver quote $4.bo an ounce a a a a. A a sources merchants National Bank amp Trust co. And the associated press c new York Exchange new York apr sales closing proc and n1 change i the 15 Nasi Active new York Stock Exchange issues trading nationally on monday. A Nam Velum. List eng. Team exams 5.987.900 35vi a. Rwjr Nab 4.640.000 544 14 Wes ghei a a a. Get up a 4,592,900 1314 4 4.026.000 3144 1yi Gla Palmar 3,619,000 4 4 Honeywell a a a 2.960,600 3444 4 Citicorp. A 2,856.200 41 i ?4 Walmart a a 2.841,900 .214 Yff scads 2,738,500 20v -1 ism a. 2.716,000 7714 11 Merck. 2,552.500 38�?T/ or Compaq j. 2,457,600 43 4 .14 Geneles s a a. 2,243,000 524 44 Merrl Llynch ,.2,163.200 374 1 Ford motor a 2,090,400 29 h american Exchange. New York apr sales closing Price and ret change of the 10 inst Active american Slock Exchange issues trading nationally on monday. A a a name Velum tall chg. Viacom a Quot 790,900 444 a Amdahl 657,600 Quot 11w w Forest labs a 308.800 43v 4 chess its. 350.500 144 unti resort sent a 347,000 1 3/16 1/16 Ivan up a. 334.900 19v. Unch Interpol gym a 308,200 8v a. Echo Bay a a 253,500 10 a a Alp hand a. 250,700 9. V. Royal Oak a 247,400. 314-1/16 c Dow Jones new York Dpi a Dew Jones closing Range of averages on monday a. A High Law clot change 30 industrials 3955.56 3389.95 3932.34 23.88 20 transports 1561.46 1526.06 1549.81 21.19 15 utilities. 187.25 183.96 .186.00 2.04 65 stocks 1330.88 1306.08 1322.26 12.06 gop s plans May tarnish Golden years for by Mike Causey Washington. Post Washington the typical Federal worker a 44-Ycar-Oid with 15 years Iri government is at least 19 years away from retirement. But the bipartisan congressional Effort to Cut Federal costs programs and bodies has shoved nearly every civil servant into midlife crisis. Younger employees who should be focusing on marriage Day care buying a House or making car payments wonder whether they will have a paycheck this time next year. Older feds who should be designing their retirement cottages or looking for second careers worry about being forced to work until they drop and then some. Granted Washington is the fabled Marble City of the worrying Well where in november and january especially after political shifts pundits produce overkill predictions of gloom and doom but this year even some of the Rock solid seen it All pros say things could get hairy. Many believe Congress and the White House will whack the civil service retirement program to Cut costs and drive some employees out. Generally speaking workers can retire at 55 with 30 years of service at 60 with 20 years of service or 62 with five years of service on pensions that keep Pace with inflation. The 55-30 Retiree under the civil service retirement system gets a starting annuity equal to about 55 percent of final salary. But Many employees As Well As leaders of unions and Retiree groups worry that president Clinton a order to Cut 272,900 jobs a figure that could be doubled by the Republican run Congress could produce a climate in which the pension program might be used to Force workers to retire Early or when they Are first eligible. Early retirees those age 50 with at least 20 years of service or anyone with 25 years of service take a 2 percent reduction in their pension for each year they Are. Younger than 55, although that is mild compared with the penalties in some private pension plans which impose a 5 percent reduction for  the Retiree is younger than 65the reduction is a major reason More workers done to retire before 55. Do or Dye recycling chairman a Jan Armgardt of Ludwigshafen Germany shows off designer furniture made from recycled products during mondays preview for the International furniture exposition at Cologne. The scat portion of Armgardt a chairs is made of recycled paper stretched Over wooden frames constructed from salvaged materials. A Newark . A Pink a amp mrs anyone How about purple or Blue Sweet toothed Consumers Are now voting for the newest color to be added to the bags of coated chocolate drops. A amp a Mars based in Hackettstown ., is looking to spice up its 55-year-old Candy to reflect the changing color preferences of the 1990s. This is serious stuff in the Candy business. A colors add fun and enjoyment to everybody a chocolate experience a said Pat do Amato Public relations manager form amp a Mars. Voters have until March 17 to pick up a ballot at any place they can buy the Candy and Register their preference a Pink purple or Blue. For traditionalists there is a fourth Choice on the ballot leave the colors alone. The company will announce the Winner april 18, and the new a amp mrs should be in stores by september do Amato said. A i think its just a great marketing gimmick a said Marvin Roffman a food entertain mint Industry analyst. A a a you want gimmick people dressed in a amp a costumes will travel the United states Over the next two months to promote the balloting. The Pink purple and Bluem amp mrs will watch the super bowl dance at Mardi gras and Chocron runners at the los Angeles Marathon. I he traditional a amp a mix of Brown yellow Orange red Green and Tan candies has remained unchanged since 1949 a except for a decade Long leave of absence by the red drop removed in 1976 because of what the company says was a misplaced concern Over the food Dye. Red returned in 1987. A amp a Mars does make special different Huck mixes four times a year Christmas Valentine s Day halloween and easter. Roffman said a amp a Mars is using the new color Campaign to try to recapture the confectionary Market from the powerful Hershey foods corp. Riding the popularity of new candies like hugs and Reese s nut raucous bar harsh Cyl a has grabbed control of 35 percent of the Candy Market. A amp a Mars controls 26 percent. A Coors sets sales Mark for 1 oth straight year Golden Colo. Apr the Coors brewing co. Said monday that it achieved record sales volume for the 10th straight year in 1994. The brewery the principal subsidiary of Adolph Coors co., said it sold 20.3 million barrels of malt beverages in the year ending dec. 25, up 2.7 percent from 1993. There was Strong demand for Coors Premium malt beverages including Coors Light Zima Clear malt and Coors Arctic ice said Peter Coors the company a vice chairman and chief executive officer. Shoney s to refocus on Nashville Tenn apr the restaurant group Shoneye a inc. On monday announced plans to sell three eatery chains As part of a plan to refocus its energies on the kid Friendly dining it helped Pioneer. The restructuring which also involves executive changes will result in the Sale of the company a 310 Pargos fifth Quarter and Leeds famous recipe eateries along with its institutional supplier Mike Rose foods. The company will keep Only its Shoneye a and Captain Dos restaurants. Money from the Sale w ill be used to reduce company debt and improve Shoneye a restaurants a company statement said. Company spokesman Hank Dye said the plan will allow Shoneye a to refocus on family dining the business that made it successful. Family dining a is a segment we expect to grow. Its a segment where Shoneye a is really Strong. On top of that Shoneye a has Loyal customers a he said. As part of the restructuring three top executives were or will be replaced including the chairman and chief executive Taylor Henry who will retire by the end of 1995. A search for a successor is under Way. A Charlese Porter who led the growth of Captain Dos was named president. He replaces Jim Arnett who resigned. Jim dining Grout president of the Shoneye a restaurant division also resigned. Under the plan Shoneye a will keep 922 Shoneye a and 643 Captain Dos in 36 states plus three Barbwire steakhouses in Tennessee. It also keeps commissary an institutional supplier. Analyst Mark Miller said returning to the Core business is an Issue for much of the restaurant Industry. A the question is whether diversifying your portfolio will give you economies of scale in advertising and management Quot said Miller of. First Boston. A the other question is whether diversifying causes you to lose focus and diminishes your   
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