Word: salomons
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Sprint isn't alone on the welfare-to-work bandwagon. Of the top 100 U.S. companies, 34 have programs, and 13 more are planning them. Executives of such blue chips as United Airlines and Salomon Smith Barney were at the White House this spring toasting President Clinton's one-year-old Welfare to Work Partnership and saying their welfare hires had better retention rates than workers found from other sources. Why the sudden success? There's the economy, which has made employers so desperate that some are hiring convicts to work in prison. And there's welfare reform, which...
...brown-shoe momentum is so significant that some observers wonder whether Nike has lost its relevance to young stylemeisters. "Coolness. That is the issue; that's something that I worry about constantly," notes Faye Landes, an analyst for Salomon Smith Barney. Not Clarke. He calls the shift a predictable phase that will fade, just...
Just last week the American Stock Exchange and NASDAQ Stock Market confirmed that they are exploring a merger, likely to cost several hundred jobs. For different reasons, recently merged Salomon Smith Barney is cutting as many as 1,500 positions. Chase Manhattan, after combining with Chemical Bank in 1996, is laying off about 3,000. The Swiss Bank Corp. merger with Union Bank of Switzerland has prompted a flood of pink slips in New York City. There's been selective pruning at the merged Morgan Stanley Dean Witter Discover. And since Asia tanked, international firms, including NatWest Securities, J.P. Morgan...
...years. Clifford Fox, managing director at Columbus Circle Investors, keeps track of the revisions stock analysts make in their earnings forecasts. In the 10 days ending last Thursday, only 33% of the revisions made were upward ones--a two-year low for that reading. John Manley, analyst at Salomon Smith Barney, notes that December was the first time since 1992 when there were fewer upward revisions in the month than the average for that month over the five previous years...
...keep up, ski makers must constantly improve their wares. Salomon recently launched its SnowBlade, creating a hybrid that captures the thrills of skiing, in-line skating and snowboarding. As Carl Helmetag, CEO of Head USA observes, "Snowboarding opened a whole new image of fun, of carving through powder and trees, and these new skis answer that need in skiing. You can hear people on these skis whoop and holler. It's an incredible thing...