Word: salomons
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This fund could include Sears, whose zealous auto mechanics performed extra work on cars that didn't need it. Sears settled with the State of California and offered $50 rebate coupons. Then there's Salomon Brothers, whose enthusiastic bond department hoodwinked Uncle Sam by buying more government bonds than it was entitled to. Salomon settled with the SEC for $290 million. Finally, there's Prudential Securities, the brokerage arm of the Rock of Gibraltar, which paid $370 million to settle a multitude of claims from investors who were coaxed into buying some trendy limited partnerships, which limited them...
...most popular industries, however, are consulting and investment banking, he said. The Wall Street powers-that-be were out in force: Merrill Lynch, Salomon Brothers and Goldman, Sachs and Co., among others...
...wave continues to roll forward, so I ask the clerk to sell my holdings at 53, netting me a fast -- if meager -- $2.50 gain. The purchaser at the other end was Salomon Brothers. Of course, if I had been a regular customer at All-Tech, I would have bought 1,000 shares and earned $250 (minus an $80 commission) on the transaction. Not bad for a few minutes' work...
...slow the economy, squeeze corporate profits and thereby bring stock prices down. At the same time, critics charge that Clinton's often wishy-washy style has helped chill business and consumer confidence. "A weak presidency always makes markets very nervous," says Stephen Bell, the Washington-based managing director of Salomon Brothers. "We saw that late in the Bush Administration, and we're seeing it now under Clinton. People are having doubts that Clinton is up to the task...
...proof of these dour bromides is found in five new movies about kids. Two are from abroad: Gianni Amelio's Italian drama Il Ladro di Bambini (Stolen Children) and Jean-Claude Lauzon's Leolo, from Quebec. Three are from Disney: Duwayne Dunham's Homeward Bound: The Incredible Journey, Mikael Salomon's A Far Off Place and Stephen Sommers' The Adventures of Huck Finn...