Word: salomons
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Such attempts at fine-tuning worry many economists, who fear the Fed may ignore weakening conditions and spoil the four-year-old recovery. "We are right now at the inflection point in the economy," says William Spears, managing director of Spears, Benzak, Salomon & Farrell, a New York City investment firm. "Most of the growth in this business cycle is behind us. Fed policy will have an important bearing on how the economy pans out the rest of the year." Concurs Robert Brusca, chief economist for Nikko Securities: "It looks, smells and tastes like a slowdown. Common sense should reinforce this...
Several states, in their homegrown securities offices, have been teaching consumers how to decipher what mutual funds are saying. These education projects are funded with fines and settlements paid by Wall Street firms that on occasion landed on the wrong side of the law: Prudential, Salomon Brothers and the old Drexel Burnham Lambert. Getting hoodwinkers to bankroll a program to train investors to avoid being hoodwinked has a nice symmetry to it. Levitt, meanwhile, is taking consumer education to the national level. The sec has recently published a useful pamphlet, Invest Wisely, that demystifies the mutual fund, but Levitt...
...Yeees, I've been around since Microsoft was just a gleam in Bill Gates's eye. But theengs have changed around here. Those Deesney guys look more sleeck than Salomon, and they have better beenefits, too. I heard the CIA has a booth, but nobody can find yet. But they're here alright--I saw two people deesappear into that wall over there...
During fiscal 1994 the Standard and Poor's 500, an index of domestic stocks, returned only 1.4 percent and the Salomon Broad Investment Grade Bond Index, an index of domestic bonds, declined 1.2 percent...
...believe we had an extremely serious problem but not a pervasive one," said Warren Buffett, the country's richest man and a great stock picker, brought in by Salomon to handle its damage control. The Sears version went as follows: "We strongly believe that these instances were isolated and there has been no pattern of this conduct." Sears also said, "In the automotive business, mistakes can and will occur...