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Publication: European Stars and Stripes Friday, September 8, 1995

You are currently viewing page 14 of: European Stars and Stripes Friday, September 8, 1995

   European Stars and Stripes (Newspaper) - September 08, 1995, Darmstadt, Hesse                                Page 14 the stars and stripes Money matters Friday september 8,1995 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 Pound. 1.59 dutch Guilder. 1.61 German Mark. 1.44 note Tho rates above apply within the Host country. Figures Are expressed in dollars to Trie British Pound other currencies t o the Dollar following Are Interbank rates that fluctuate and should be regarded As the approximate value of the . Dollar to foreign Curren cies. Austrian Schilling. 10.3805 Bahrain Dinar. 0.37696 belgian franc 30.39 British Pound. 1.5506 Canadian Dollar. 1.3353 danish Krone. 5.7160 dutch Guilder. 1.6559 French franc. 5.0880 German Mark 1,47.69 greek drachma. 236.84 italian lira. 1,617.50 Kuwait Dinar. 0.30145 norwegian Krone. 6.4450 portuguese escudo. 153.27 saudi Royal i 3.7502 Spanish peseta 126.57 Swiss franc. 1.2147 turkish lira. 47,420.00 Noto figures Are expressed in dollars to the British Pound other currencies to the Dollar. Gold quote $380.55 an ounce ,. Silver quote $5.36 an ounce _ sources merchants National Bank & Trust co. -. And the associated press new York Exchange new York a sales the 15 most Active new Yor wednesday. Name. Hanson ads Micro techs pc Bank usal rep. Gio  Walmart.  Mot Chrysler zen Cha Texas lists. Go motors Compaq Tel Meaos. 4 . Price and net change  Exchange issues trading volume 14,858,500 7.965,100 5.321,300 5,257,800 4,479.400 4,142.700 4,112,400 4,026,500 3.903.900 3,833,400 -3,404,700 3,364,700 3,150,000 3.043,000 2,724,300 last chg. 17 v 87 /4 5 to .10v4 h 100h i 24 a 32 a 2h 31% % 53 to 78vi 1v 49h" soy in .33vv / american Exchange. New York a sales she 10 most Calivo american wednesday. _. �. Name Viacom  " Viacom Amdahl Colo Ialota -.--. Echo Bay Forestal Bensco therr Holaset s. A Borsand Viacom wic 4 . Price and net change of lock Exchange "issues,.trading volume 7.832.200 3,120,300 1,067,500 725,600707,900 611.100452,200 428.400402.000 398,700 last chg. W-3/1650 a 9 i .-4 i 10h w 44% 18 i w 23v4 1v4 99/16 w 51/16 % Dow Jones new York a Dow Jones dosing Range of aver Ages wednesday High Low Cross change 30 industrials 4716.21 4648.95 4683.81 up 13.73 20 transport 1985.32 194u5 1975.81 up 30.62 utilities 204.72 201.75 202.94 otfl.25 65 stocks 1602.90 1577.06 1592.67 up 9.73 Sony stops Selling Small satellite dishes new York a Sony corp. Has stopped Selling its 18-Inch digital satellite system because of Consumers complaints about poor to reception the Wall Street journal reported thursday. A spokesman for Sony electronics  Park Ridge n.j., told the newspaper that the company stopped shipments in late August. Complaints included horizontal Green lines and images freezing on the screen. ".  estimate that Only 2.5 percent four Consumers have experienced the prob lems but we re taking this matter seriously the spokesman whose name was no Given told the journal. Sony s Basic satellite system sold for $750. Time Warner Stis seeking to buy Turner broadcasting new York a a week after announcing they were talking takeover negotiators for time Warner inc. Still Are looking for a Deal to acquire Turner broadcasting system inc. The negotiations lately have focus Don satisfying a key Turner shareholder Tele communications inc. Boss John Malone sources said. The sources said wednesday that chances Are the talks could continue Over the weekend. The companies declined to comment. \ -.-. Turner broadcasting had hoped but later decided against convening a boar meeting thursday in new York to discuss Progress in the talks said one of the sources speaking on condition of anonymity.  the source said it was Felt there were too Many unsettled issues remaining to justify such a meeting. The companies first confirmed on aug 30 that they were discussing a time Warner takeover of Atlanta based turn or broadcasting. Sources have said time Warner is of Fering about $8 billion in Stock for the Cable to and entertainment company. Malone is one of the most powerful figures in the Cable to Industry. Sci owns the nation s biggest collection of Cable to systems and plays an often Crit ical role in the Success or failure of Cable networks. Sci has three seats on the Turne broadcasting Board and owns a 21 per cent Turner stake through its Liberty Media corp subsidiary. Malone the president and chief executive of Sci and a Turner Board Mem Ber is said to be seeking Long Ter agreements that would ensure that Sci systems can carry Turner and time Warner Cable networks at favourable  -. ". He is also said to want a combination of time Warner common Stock and preferred Stock with a dividend in Exchange for Sci s Turner Stock. Irman t i 11 a of us air work at this loading area of a Chrysler Complex in Warren mich., came to a standstill thursday As teamsters employees walked off the Job. 5,000 teamsters strike at top car hauling Detroit a a teamsters Union strike at the nation s largest car hauling company began thursday forc ing automakers to find new ways to get cars and trucks to dealers. About 5,000 teamsters Drivers and Dock workers went on strike at 6 . Thursday against Ryder system inc., operates from 80 locations around the country. The Miami based company Strucks transport about 6 million new vehicles a year. It does business with All the major automakers. Local 299 president Ron Owens on a picket line at a Ryder facility in dear born said he could t predict How Jong the strike might last. He said he believed teamsters Drivers for other car hauling companies would Honor picket lines at facilities they share with Ryder. The Union contends Ryder and other car haulers have violated Federal labor Laws by refusing to share economic and operations information in negotiations for a new National contract. Bar gainers for 12,000teamsters employees of the car haulers have been meeting on and off since january with representatives of the companies. For months we be tried to reach an agreement that protects Good jobs pen Sions and health benefits in the car haul Industry but Ryder and several other Compa Nies continue to violate the Law Union president Ron Carey said. _ the talks broke off last Friday and no meetings Between the sides Are scheduled. Our Side Felt that we were very close to reaching an agreement. We re very ,. Discouraged that we were unable to get one said Sam Wang a spokesman in Washington for the National automobile transporters labor division. New York a a Day after us air said it would return to profitability this year the airline on wednesday announced the Surprise departure of its chairman. Us air group inc. Did to give any Rea son for Seth Schofield s retirement. But analysts said his departure might restart key talks with the airline s unions. The company which has t posted a profit since 989, is seeking $500 million in labor concessions and $4,00 million another savings. He understands How far we be command what s Best to take it to the next step said us air spokesman Rick Wein Traub. He also knows that there Are still things that need to be  just a year ago Many Industry observers thought the company based  ton va., was headed for bankruptcy. The airline has been plagued by five crashes in As Many years $3 billion in losses since 1988, High costs and Contin Ual fare discounting. Schofield s departure announced after the markets closed came a Day after the Carrier predicted it would report a pretax profit for the third Quarter and the full year. That news surprised analysts who had not been expecting the airline to turn a profit for the rest of the year. But the airline the nation s sixth larg est has  of a turnaround during the Spring and summer helped by the resurgence in the . Economy. However key labor negotiations col lapsed in july when flight attendants voted Down a package negotiated with management and talks with pilots stalled. Schofield 56, was not immediately available for comment. Schofield started at us air As a bag Gage handler and worked his Way up Dur ing a 38-year career. He was named chairman and chief executive in 1992. Shutdown would t affect congressional pay by Mike Causey Washington Post Washington will the poli. Ticiano who would be responsible for any government wide shutdown lose any Money if millions of their fellow Federal workers Are furloughed without pay believe it or not will the pols get paid is one of the most asked questions by Federal workers who Are understand ably eager for details about the potential train wreck now just three weeks away. The question shows that govern ment workers Are very innocent have a keen sense of irony or have found the perfect rhetorical question. The fact is even if they cause the biggest lockout in american history and double the nation s unemployment figures overnight the engineers of the train wreck won t lose any Money. Members of Congress will get paid even if they fail to approve a Federal budget by oct. 1. The president will be paid even if he vetoes the budget thereby Trig Gering a shutdown. Congressional staff members got some bad news tuesday when Doug obey re ported in the Hill newspaper that House and Senate members salaries like those of the president and supreme court justices Are mandatory spending unlike funds for congressional  that Means the politicians and judges will get paid but Capitol Hill staff members like most other Federal employees Are unpaid furlough bait  
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