1(7.N CID MORE FOR YOUR MONEY 9 Month CD Minimum $1,0 0 0 5.80% Annual PercentageYield (APY) effective 1/2/96. Rates are available for personal CDs only and are subject to change. Maximum amount $90,000. Substantial penalty for early withdrawal. Earn Today's Higher Interest on D&N Certificates of Deposit. crsi Call or visit your nearest D&N office today! Earning Your Business Every Day. MEMBER FDIC BANK 363 W. Big Beaver, Suite 1 50, Troy, MI 48084, 1 305 W. 14 Mile Rd., Clawson, MI 4801 7, of Troy (810) 528-1223 (810) 280-0565 • Internet http://www.idn.portup.com aintte Oultured Vearb. Now On Sale For Mother's Day 18" Strand. ..Now $99.00 16" and 20" Lengths Also Available At Similar Savings Trade Deficit Hits $3 Billion Jerusalem (JPFS) - The na- tional trade deficit during the first quarter reached $3 billion, after March imports exceeded exports by $920 million, the Central Bu- reau of Statistics said. During the first three months of the year, imports totaled $7.7 billion while exports were $4.7 bil- lion. Last month, imports reached $2.62 billion and imports $1.7 bil- lion. Last year's record-setting trade deficit was just higher than $11 billion, which means that judg- ing by the first quarter, the econ- omy has yet to stem the accelerated pace of imports. However, while monthly growth between June and Sep- tember 1995 was between 3 per- cent and 5 percent, the trade deficit expanded on average by 2 percent every month since last year's fourth quarter. Particularly notable among the components of imports over the second half of 1995 and this year were investment assets, which grew monthly by 1.5 percent-2.6 percent. Imports of consumer goods grew on average by 2 percent a month, and raw materials by 1 percent. Recanati Buys Scitex Shares Jerusalem (JPFS) - High-tech entrepreneur Davidi Gilo does not plan to purchase Scitex shares on the open market, despite the re- cent purchase of an additional $4.2 million worth of the belea- guered company's stock by the Recanati group, one of Scitex's three major shareholders, sources close to the California-based Is- raeli entrepreneur said. The Recanati family, in part- nership with IDB Development and PEC Israel Economic Group, increased its holdings in Scitex to 24.53 percent, representing 10.41 million shares, on April 9-10, in what seems to be the first actu- al move against Gilo's hostile takeover bid for Scitex. The remaining major share- holders in Scitex, Clal Electron- ics Industries and International Paper Company, have not yet taken any actual measures to avoid a takeover besides the re- lease of an announcement to say they are not interested in Gilo's proposal to negotiate an acqui- sition of Scitex at $20 per share. An associate of Gilo's said Gilo is working on the legalities need- ed to go ahead with the hostile takeover. He refused to reveal the mea- sures which have to be taken, ex- plaining that Gilo is very well-prepared for the lengthy process ahead of him. In the meantime, Scitex's ex- isting shareholders have been the main beneficiaries of the takeover attempt. Following Gilo's proposal to ac- quire Scitex for $20 per share, about 44 percent over the price of the company's stock on March 29, the last day of trading before the proposal was publicly announced, the shares immediately_rose to $17.5. Since then, the share has shot up to $19. FDA Approval For Laser Industries Jerusalem (JPFS) - Laser In- dustries, a leader in surgical laser applications, announced it has re- ceived marketing clearance from the U.S. Food and Drug Admin- istration for its FeatherTouch SilkLaser System. The company said the new product is a breakthrough in the growing laser skin-resurfacing market, adding that it allows physicians to treat the full spec- trum of skin resurfacing cases in significantly reduced procedure time. The FeatherTouch Laser is op- timized to treat fine lines and del- icate areas on the face such as eyelids, wrinkles and scars. Benjamin Givli, chairman and CEO of Laser Industries, said his LEADING ISRAELI STOCKS TRADED ON U.S. EXCHANGES Discover the Difference Harvard Row Mall 21750 West 11 Mile Road Southfield, MI (810) 358-5540 Monday - Wednesday 10 a.m. - 6 p.m., Thursday 10 a.m. - 8 p.m., Friday 10 a.m. - 3 p.m. Symbol Name SCIXF ECILF TEVIY IEC ELBTF ELT ELRNF TAD CMVT ISL Scitex ECI Telecom Teva Pharm PEC Israel Elbit Computers Elscint LTD Elron Electronics Tadiran Exchange Apr. 12 Aor. 19 Change 5 0.18 NASDAQ `18.93 5 18.75 5 2.51 5 22.11 5 24.62 NASDAQ 44.87 5 4.12 5 40.75 5 NASDAQ 5 21.25 5 0.50 NYSE 5 21.75 5 16.87 5 0.75 NASDAQ 5 16.12 NYSE 5 13.50 5 13.87 5 0.37 10.25 5 10.12 5 0.13 NASDAQ 5 NYSE 5 21.37 5 20.50 5 0.87 5 24.12 5 23.87 5 0.25 Comverse NASDAQ 5 11.25 5 11.75 5 0.50 First Israel Fund NYSE Source: Allen Olender, Prudential Securities, West Bloomfield.