News Record from North Hills, Pennsylvania • Page 43

Money Desk, 1-800-874-9994 North Hills News Record Money En- Sunday, Aug. At a glance Americans want new face on money If you're pawing funny money, it might be comforting to know that only 6 percent of all Americans know who is on a $5, $10 and $20 bill So says a poll by Plus System a leading network of automated teller machines. Hie poll also shows that nearly seven out of 10 Americans wouldn't mind seeing a new face on their bills, and not necessarily a human face, The top picks, in order an eagle, the Statue of Lib- American erty, John President Clinton, the Rev. Martin Luther King Jr, Elvis Presley and Ronald Reagan. Firms subsidizing employee dining Austerity-minded corporate executives, hungry to eliminate unnecessary operations at every turn, have spared one area dear to employees' hearts, or at least stomachs: the dinlflgroom.

A study by the Coopers Lybrand accounting firm shows 71 percent of U.S. companies and 55 percent of Canadian companies still subsidize employee dining. They recognize its value In enhancing productivity and It Lybrand says. French wine sales soar In liquor shops U.S. wine shops bought so much French wine last year, they reversed five years of shrinking shipments of all kinds of wine.

Jobson's-Wine Handbook, an pnpiiai rcpnr wine trends, says the increase in imports more than compensated for a drop in domestic shipments. U.S. wine merchants were hoarding the French stuff to beat a proposed lax, which never took effect. Survey: of firms aware of fraud More than three-quarters of the companies responding to a recent survey said they were aware of frauds committed wihin their organizations in the past year Misappropriation of funds, followed closely by check forgery, were the top two types of fraud, says the survey by KPMG Peal Marwick. U.S.

lowers opinion of Japanese firms The awe that many Americans once held for Japanese businesses is slipping Consumers surveyed by Broul- hard Communications, a public relations firm, lowered their opinion of Japanese companies in 16 areas such as quality service, productivity and management The ratings for financial stabili ty, management competence and quality products dropped the sharpest among consumers A similar poll of executives found that businessmen are more confident competing with Japan than they were a year earlier Small businesses cautious on economy Small businesses continue to Lake a wait-and-see attitude about the economy Fewer than one in five small companies expects to raise prices this year and only 29 percent arc planning additional capital spend ing. the National Federation of Independent Business says The VTTB PUI icjrd 2f)00 wintt com panics in Jul On the agenda Allegheny Eatt chapter of Nttwortc at 5 a Tuesdays Eat Vi 0l j'e 9 a-d Sa 835- '33C Tht 1W3 tron and 2C 28' wvrj Firm built on Stanley name By Andrew Juan Ramirez machinery In trw measure manufacturing it the Stanley Works In New Britain, Conn. NEW BRITAIN, Conn. What's in a name? For the Stanley Works, the nation's most venerable toolmaker, it's been nothing less than the key to success. Executives say the name, coveted by competitors, has kept the firm thriving for ISO years.

To protect its trademark and cherished independence, Stanley spent more than 910 million to fend off a hostile takeover in 1991-92. "I think we have built a very strong, recognizable, popular brand name that ng meaning to the mar- "This generation from its first breath has never been a high priority." William Strauss, author SAEO HINOASH, photographer John Rlcharda graduated from law school and works as a "temp" at a major Pittsburgh law firm. and othtrs of hla generation arc finding It difficult to find rewarding Jobs. Economy a bust for busters America's 13th generation faces grim future By Tim Coulter John Richards did everything right Summa cum laude from Bethany College in West Virginia On to the Dickinson School of Law. where he earned a degree Later, he breezed the a i a Bar exam on his first try But instead of becoming a Mas ler of the i as schooled lawyers did in the 1980s at highjlying law orVivesiment bank ing firms, he i Recruiters "only wanted the review students he said 'Now I'm an employed attorney" he said Richards 26.

makes $7 an hour and gets no benefits, a i about 120 other "temps" at a prcs tigious Pittsburgh law firm where they help research i cases He lives in Castle Shannon with his mother and much of his pav goes to his more than S3S 000 of Slightly more than one in 10 of the 1992 graduating class of Carnegie Mellon Uni- versrty still were looking for work six months after graduation. outstanding student loans 'It's damn near impossible to get a job in this town." he said his frus a i reflecting a widely held view among people of his genera lion There i comfort in the fact that he is not alone Of the college a a from 1W to 1990 almost 20 percent hold jobs a dnn i a collegi 1 degree according to the Bureau of Labor Statistics And as i i for jobs increases almost in percent of college grads i he unemployed or under emploved the bureau estimates According to William Strauss co author of 'Generations The Histo of America's Future" and "The 13th Gen Abort Delete Rein Fail" 1 senior i arc i i well relative to previous generations and baby boomers are stav ing afloat through dual incomes But the generation of voung Americans defined as lho.se born between I'lfil and 1981 is sinking Real incomes are 20 per cent below their boomer counter a at the early stages of a career For the first lime a generation won match its parents standard of living. Strauss said This a i from its first breath has never been a high prior itv Strauss said Boomers have pk-ntv of mah cious moniken for the current gen a i of i Babv Busters Slackers Thirteen ers for the counln I Hh genera i or Xers a a a i a a Douglas Coupland novel CFontT.ition It the Generation Fill in the blank call it a i vou want Slightlv more than one in 10 the class of from Cameeie Mellon i i i i work six months after graduation But Ran director of the Turn to ECONOMY PugeE12 ketplace, and not just because we advertised It," says Richard Ayers, Stanley's chairman and chief executive. Some of the company's tools have become antique collectibles. In the last 30 years, New Britain-based Stanley has sold 250 million retractable powerlock'tape measures.

The company was started by Frederick Stanley in 1843 as a bolt manufacturer. Today, Stanley is an international force in the tool and hardware industry with plants in Europe, Asia, Australia and Latin America. Sales hit billion in 1992, up from $1.96 billion a year earlier, with ''overseas revenue accounting for 30 percent The company has the longest streak of annual dividend payments 117 years of any industrial cnqj- pany listed on the New York Stoefc Exchange. It ranked 131st on tie Fortune 500 last year with profits 998.1 million. 2 in the past two decades, buying ff companies since 1980.

It spent million on acquisitions last year alone. Subsidiaries account for moae than 60 percent of annual Emerging markets in Europe hafe led Stanley to invest in Tona, a Cze tnoU Technology brings banking into the home Phone, computer can be to conduct financial business By Judith Messina CUnrxa A decade ago, home banking, hailed as the wave of the future in consumer banking, had 15 minutes of fame and then flared out when banks couldn't deliver the goods. The idea of paying bills, transferring money and performing other fllpncii flcts from thp thai technology tor projected from 1902 to 2001 Oy JipMr Communoaoni comfort of home appeals to many consumers, researchers said. But in the early 1980s most didn't own the personal computers needed to communicate with banks' systems, which often were cumbersome and inconvenient. But today -fueled by new.

cheaper devices and technology savvy customers home banking is making a comeback a could be perma nent "It was a dead issue for long time For years --there's been a demand from the consumer side but a a i to i said N'eil a i of Payment Svs tems I a tional. a Tampa Fla research a i firm There been a over the last two vears bv evervone who could possibh be a player Todav it not onlv the banks but third who are in the act fnmi me to capitalize on con a i a i and i In the not onlv personal computers but rwn equipped telephone 1 and i a i television will briny services such banking Chopping and i i into the home he said These services could suppiemc n' the standard telephone i UM to i bank ins transactions The consumer electronics i has reaped that r.fnm.itinn T' the home i- thr ba'Meer'turr! It come fo happe" i said f' dent of Checkfree Corp of Columbus, Ohio, which recently teamed with MasterCard to provide banks with a turn-key service for home bill -paying. Chemical Bank, which already offers its own remote banking service, has signed on with the new MasterCard program to enhance its program. NYNEX Corp and Philips Home Services, a subsidiary of the giant -Dutch-consumer electronics compa- Banking at home ny, have announced a partnership to develop technology and applications for Philips' screen phone that will include home banking electronic- white pages and electronic mail Equipped with a five inch screen and a keyboard. many phones puck more power than personal compul ers did 10 ago And tele phones unhlif personal ers a a a a i i a a i object in c-verv Cam.

do DeKoxe i of res-ean foi ornmu nirations a Man 38 2CXX a a a rest-arch i i i 2fl of I household- i home banking via phone In a 2 i mbank. i a i a hrt- tested an a i i of thi i si ret 'i phone is i i i ti 1 "mrr financial services said -Han dm Bert F.inmir new a i a i a 8 monev a nr a mon'-v a i for i a i i rvi tn offer such seniors in a 'o er'ice peoplt u-' hul ivt haiances Pu' (vfnrr or tos 1 if dev the Mellon Bank makes it easier to refinance a mortgage I wasn't into this whole refinancing craze But friends coming camcorders ndmg mowers and new of golf clubs paid for bv just their month wings People talked about a i Oh I refinanced rr.v morteage ias' We used in just squeak but now famih nf righ 1 car Duration fiOflftt in Malu this summrr Yrt I facr ihc Tk. the tr1p tn nnnltpr' tbf KflVlH app-aisrrs and i a a I msts a i a a 1 i i a i 1 v-" a. P-I Ir retrospor; '-fe and I -iimrd ir I a a 1 ('e-r "-a 1 namr- bp -ralp pmcrar" i- e-- dif a i pnttv a i war rrfinancins a i-d I i rirr.plex a home mortgaar jp a dr.ner partv p- 1 e-- 1 refinancing pr-i Herp pmKrarr i a-r i i "iC i a- a i and CM i a-. Mr i- r.

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