Word: salomon
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Finally I slipped into Salomon's TR8s ($330). They were so soft and comfortable I feared I would lose all sense of reason. So I had my co-worker Mac, a serious skater and tough critic, test them out too. "It feels like your foot is wrapped in a pillow," he said. After a couple of loops around the park, Mac decided that they felt a little "loosey-goosey" on the top of his foot. He also was worried that their flashy design would ruin his East Village hipster reputation. But my goose wasn't loose, and I like attention...
...shift, which for more than a week had investors rotating into the stocks of chemicals, machinery and paper companies, which stand to benefit as the world economy recovers from the Asian flu. "What started two weeks ago started too fast and was too extreme," says Jeffrey Warantz, strategist at Salomon Smith Barney. "But it's not over." Warantz's research shows that it isn't just tech stocks or large consumer stocks like Merck and Wal-Mart that are rising now. Several weeks ago, 81% of the stocks that he tracks were lagging the gains in Standard & Poor...
...advisers for takeovers in Europe in terms of the value of deals they helped bring about, according to Securities Data/Thomson Financial. "I believe there's going to be a lot more hostile activity," predicts Wilder Fulford, a managing director for mergers and acquisitions at U.S. investment bank Salomon Smith Barney in London. "You have a fair number of corporate cowboys out there in the European landscape, and I think there is going to be quite a roundup...
...called swap funds, also known as exchange funds, Wall Street has divined a way for some overly concentrated investors to trade one stock that has risen for a basket of stocks of equal value--avoiding any immediate capital-gains tax. A crush of financial firms, including Banker's Trust, Salomon Smith Barney, J.P. Morgan and Donaldson Lufkin Jenrette, are launching swap funds right now. They aren't entirely new. But Congress took a whack at limiting them two years ago, and they're resurfacing with a new look...
...such as K2's Verts ($159), to ascend steep mountains. Buggy-whip companies such as Tubbs, around since 1906, have a spring in their step. Last season more than $13.2 million worth of snowshoes were sold, an increase of 236% over the previous year. Sales in skis like the Salomon Super Mountain, Volkl Cross Ranger and K2 X-15 ($675-$729), which suit all terrains and conditions, are up too. So are sales of avalanche probes, shovels and beacons--signaling devices that help rescuers locate a buried skier. Time is crucial--an avalanche victim has an 86% chance of survival...