Daily News from New York, New York • 35

IWSJ t. AMERICAN EXCHANGE 381.84 (Matronal Index) OVER TKE COUNTER 7.18 564.75 (NASDAQ Indexes) INDUSTRIAL 500 30.00 3.95 3324.08 414.23 (Average of 30 stocks) (Index of aB exchanges) Friday, July 1992 I 35 lJ- wl ffr S. j. REUTERS Food with a guarantee I mcionaia saia is lniroaucmg today the McDonald's Guarantee, a nauonwine nrnmisc to np nwr hnt food, fast and friendly service, and to aouDie-cneck drive-thru order accuracy. If that's not the case.

McDonald's said it will make it right, or the customer next meal is free. McDonald's operates 8,800 restaurants throughout the U.S. Broken brokerage as possible by early September, when the project is scheduled to be launched, and to build and expand as many child and elderly care facilities across the country as the money will allow. One source said the current goal was to build 30 facilities. Among the cities targeted are New York, Chicago, Boston, Los Angeles, San Francisco, Washington, Atlanta, Dallas, Seattle and Denver.

Employes may have to pay Under the plan, companies will fund construction and expansion of facilities and the establishment of services and programs, but employes may have to pay for the care. Individual companies may subsidize the cost of the child and elderly care services for their employes, the sources said. A working paper on the project obtained by Reuters said the facilities "must be financially self-sufficient after the initial investment." 12 firms join to start system of child care Estimates on the amount of money committed so far by the project leaders range from just under $20 million to about $40 million. Asked about the plan, IBM spokesman John Boudreaux said: "IBM and many companies across the country have been meeting and discussing such a partnership idea since last year. The plan has not fully been determined, it has not been fine-tuned, but we are well on our way to doing something very significant here." Boudreaux declined to comment on the specifics of the project.

The goal is to raise as much money In an unprecedented collaboration, 12 giant corporations plan to establish a nationwide network of programs and facilities to care for their employes' children and elderly relatives, sources involved in the project say. The effort to tackle one of the nation's biggest work-place problems ultimately may be joined by as many as 80 companies, the sources said. In what could signal a major shift in corporate America's handling of the problem faced largely by working women, the 12 companies have committed millions of dollars to build and expand current facilities for child and elderly care, the sources said. Initiated by IBM, the project has enlisted the human and financial resources of American Express, Xerox, Exxon, Eastman Kodak, Travelers, Johnson Johnson, Amoco, the Allstate unit of Sears, Roebuck and Motorola and NationsBank Corp. Manhattan Federal Court Judge Shirley Wohl Kram ordered the liquidation of the New York brokerage firm of W.H.

Farr to protect its customers accounts, securities regulators said. The firm allegedly owed customers about $280,000, and did not appear to have the means to pay them, officials said. Without admitting or denying wrongdoing. W.H. Farr, run by 24- year-old Willoughby Farr, consented to Kram's order, the SEC said.

Saudi bank shut Regulators ordered the National -flDffff OB fflSDSDU Commercial Bank of Saudi Arabia to shut its New York office and cease all U.S. operations in 30 days By JOYCE YOUNG because of links by Sheik Khalid bin Daily News Business Wnter Mahfouz, ex-chief operating officer, to the BCCI banking scandal. The Chanting "If we don't controller's office, which supervises work, they don't work," sev national banks, said the New York branch did not provide current or complete financial information on its operations. eral hundred Chinatown workers, businessmen and supporters marched to Foley Square yesterday, demanding jobs and contracts had jobs and only three of 107 construction subcontracts awarded so far have gone to Asian-American businesses. At the new federal building, 290 Broadway, leaders said two of 35 subcontracts awarded went to Asian-owned firms.

And no Asian-Americans have worked on the project. "We are insulted," said Yvonne Louie, co-chairwoman of the Campaign for Economic Justice, a coalition of more than 100 groups. "We are the largest Chi Kiwi near liftoff nese community in the United States and yet we get nothing for our hard work and contribution to the economy of this city." The two projects will cost $517 million. Developers for the courthouse, BPT Properties Foley Square, said that $43.7 million, or 18, of its subcontracts would go to small and small disadvantaged businesses. Linpro New York Reality Inc.

said $66.6 million, or 24, of its subcontracts for the office building would go to those groups. at two nearby federal build Kiwi International Air Lines, ings under construction. formed by veterans of other carriers, Demonstration leaders Said it has gained preliminary approval from the federal Department of Transportation to said that since work began last January on the new U.S. Courthouse at Worth St, on begin service linking Newark to Orlando, Atlanta and Chicago's Midway Airport A DOT spokesman the edge of Chinatown, only nine Asian-Americans have said there will be a 10-day period for comment before a final decision is made. Kiwi said it expects to begin flying later this month.

Bell tolls for 3,450 Bell Atlantic notified the Communications Workers of America and the International Brotherhood of Electrical Workers, The General Services Administration said developers were exceeding stated goals. James Kocsi of SBA said though the agency felt the subcontracting goals should have been higher, the two developers were "doing their best to improve on the opportunities for small and small disadvantaged businesses." Demonstration leaders said repeated meetings with GSA and developers had failed to produce adequate numbers of jobs or subcontracts. They want 30. 'Our community' "They are building in our community, but they don't want our participation," said Wing Lam of the Chinese Staff and Workers' Association. The federal government prohibits set-asides for specific minority groups or communities, said Harold Busch of the Labor Department Robert Meinert of BPT said: "Recognizing the community spirit in Chinatown, we are making extra efforts." Chris Woods of Linpro said the firm was making a "zealous effort" and that opportunities would improve as the project got going.

Speakers yesterday were not persuaded. "The name of what we are fighting is racism," said Jim Haughton of the Coalition to End Racism in the Construction Industry. He and Lucky Rivera of Positive Workforce led a group of black and Latino construction workers at the rally. Louie called for a bonding assistance program to help Chinese contractors a training so that join construction unions. that its planned downsizing will include the elimination of 3,450 from it work force by the end of the year.

An original estimate ranged from 4,000 to 6,000 in April when the company first announced that cuts were being considered. They'd be accountable The House Energy and Commerce subcommittee on telecommunications and finance unanimously approved legislation that would force accountants to blow the whistle if they detected fraud on the books of a company or financial institution. The failure of accounting firms in the '80s to find or report wrongdoing, experts say, contributed to the collapse of thrifts, banks and other companies. Gold silver Gold rose $1.10 cents on the New York Commodity Exchange, closing ft $348 70 a tmy ounce I.Silvej-ned I filng on ga26 oTaTDOTice ctTice'r." rigaAATOWttwarkers and sup; WILLIAM L. LFCRC JR.

DAILY NEWS.