Word: barney
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Dates: during 1990-1999
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...coup not only creates a global financial supermarket, but it will also impel a consolidation in which Wall Street investment companies will either get big or get run over. The merger unites Salomon, a power in bonds and a player in investment banking, with the Travelers-owned Smith Barney brokerage, which is stronger in stocks. The Travelers umbrella also includes companies that sell life insurance, property and casualty insurance, annuities, mutual funds and credit cards. Travelers Group's stock market value of $55 billion will now dwarf such giants as Merrill Lynch ($24 billion) and the newly formed Morgan Stanley...
...Data. It was not the job he wanted--Weill had been given the bum's rush when he offered himself as CEO of BankAmerica--but a spruced-up Commercial Credit gave Weill a springboard. And he sprang: he merged Commercial Credit with struggling Primerica in 1988, getting the Smith Barney brokerage with it. He bought Travelers insurance in two stages when that company was reeling from bad real estate investments. In 1993 Weill achieved a measure of sweet revenge over his old employer--buying back Shearson, the retail brokerage he had sold to American Express in 1981 at the time...
...Research puts the amount of assets invested online in 1997 at $120 billion and projects that by 2002 the number will rise to $688 billion. Already, cyberspace brokerages like E*TRADE and e.Schwab are filching millions of dollars in business from land-based icons like Merrill Lynch and Smith Barney by using the Web's data-processing efficiencies to cut pricing to the bone. E*TRADE charges a commission as low as $14.95 for a 100-share trade. e.Schwab's online fees are $29.95. A trade by phone through Fidelity costs $48. E*TRADE CEO Christos Cotsakos says...
...lead to yet another conclusion. The Dow rose or fell at least 1% on seven of 10 consecutive trading days at the end of August. Such strings of volatile trading days have been rare, occurring roughly 20 times since 1950, says Alan Shaw, chief technical analyst at Smith Barney. The clusters have overwhelmingly been closer to the start than the end of long rallies. "It's a wives' tale that this volatility is a precursor of some negative move," Shaw says. A streak of volatile prices last occurred late in 1990, which was the start of the current bull market...
...mostly sports, though occasionally we'll catch them munching on Nickelodeon. (We discourage them from Rugrats, which is admittedly funny but alarmingly disrespectful of adults.) Our three-year-old twin girls are generally too busy playing with each other to watch TV, but they can sometimes be corralled by Barney & Friends or Sesame Street...