Word: donaldson
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...Galvin, chief strategist at Donaldson Lufkin & Jenrette, notes that in September companies and analysts tend to get real about earnings projections for the year, revising their optimistic views lower to suit reality. These problems pass year after year...
...company is not without options. Firestone could launch an all-out price war, which analysts fear would hurt an industry saddled with rising commodity costs and little pricing power. Points out Wendy Beale Needham, auto analyst at Donaldson, Lufkin & Jenrette: "[Firestone] does have a parent with resources and a different brand name...
...competitors, as well as some huge European financial service companies, scrambled to catch up. Credit Suisse First Boston, which already had a major U.S. presence, earlier this month announced it would buy Donaldson, Lufkin & Jenrette. And the Union Bank of Switzerland is trying to acquire Paine Webber. Deutsche Bank, Germany's largest private financial institution, not long ago purchased Bankers Trust in New York and the Baltimore-based Alex. Brown investment bank, but failed to pull off a merger with its longtime domestic rival, Dresdner Bank. Still intent on growth, Dresdner is set to buy Wasserstein Perella, another U.S. deal...
...After the Fed stopped tightening rates in February 1995, stocks quickly bolted and kept rising--up 19% in the first six months and 36% for the full year. "The key was getting the Fed off the brakes as inflation expectations went south," says Thomas Galvin, chief investment officer at Donaldson, Lufkin & Jenrette. Galvin is counting on stocks to replay their 1995-96 scenario. So he figures investors should put their money in the same sectors that did best then: health care and technology...
...billion purchase of U.S. investment bank Donaldson, Lufkin & Jenrette by Credit Suisse Group bumps the Swiss bank up to the broker-dealer heavyweight division that includes industry leaders Goldman Sachs, Merrill Lynch and Morgan Stanley. It also keeps CS in step with its main Swiss rival, United Bank of Switzerland, who announced two months ago it was buying PaineWebber...