Word: salomon
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...Carborundum stockholders and some arbitragers like Goldman, Sachs and Salomon Bros., it was a satisfying deal, to say the least. It was also a notable coup for the patrician Mellon family of Pittsburgh, which has for decades owned a large block of Carborundum stock...
...stock in a company that might be subject to takeover, in the hope of selling at a profit to the firm that eventually acquires the target company. The principal practitioners, all based in New York City, number no more than 20. They include such well-known investment houses as Salomon Brothers; Bache Halsey Stuart; Goldman, Sachs; and Lehman Brothers, which make arbitrage purchases for their own accounts, on behalf of wealthy clients, or both. There are also a few individual operators, ike Ivan Boesky, a lawyer, accountant, and security analyst. He set up his own firm two years...
What nags institutional investors most of all is the realization that common stocks are no longer a safe hedge against inflation. Robert Salomon Jr., of Salomon Brothers, the New York investment banking house, has measured the compound growth of nine assorted investments from 1968 to June 1977, a period in which the consumer price index increased at an annual rate of 6.2%. His findings...
That happened during the 1974-75 recession. But since then economic recovery has prompted a renewed willingness to incur debt-or perhaps the real sequence went the other way around. In any case, installment debt rose 10% in 1976, and Salomon Brothers, a leading Wall Street investment house, predicts that it will shoot up 12% this year. Says Lacy Hunt, a vice president at Phila delphia's Fidelity Bank: "The ability of the consumer to take on more debt will be the underpinning of the economy, in 1977. This year is the year of consumer credit...
...Daniel Salomon...