Word: salomons
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...baseball fans, while Adidas' strength has traditionally been in Europe. Adidas chief executive Herbert Hainer says the two brands will remain separate, and cost savings are expected to be modest. So why join up? After all, Adidas has a mixed record with acquisitions; earlier this year, it sold its Salomon winter-sport division for about half the amount it paid to acquire it eight years ago. But investors applauded the Reebok deal. Adidas and Reebok together will control about 21% of the U.S. athletic-shoe market, which accounts for about half the $33 billion spent worldwide, compared with Nike...
What touched off last week's weakness was a new forecast issued the previous Friday by Salomon Brothers' Henry Kaufman, one of Wall Street's most respected prognosticators. He said that U.S. interest rates, which have been falling for five months, could continue to ease because of sluggishness in the economy. The prospect of lower interest rates drives down the value of the American currency because it makes foreigners less eager to convert their money into dollars for investment...
...What's New? Makers like Salomon and K2 are out with bigger, faster wheels and interchangeable parts to customize the look and feel of your skates, while Rollerblade is celebrating its 25th anniversary this year with a streamlined new model featuring a single cord that pulls tight without the need for lacing (see inset). Aero 90s ($289) also have more shock-absorbent soles, an antibacterial foot bed and a formfitting lining so your feet don't sweat so much. Tip: If you're a beginner, stick to smaller wheels for safer skating...
...stock-market gain has been caused by the boom in mergers and leveraged buyouts. The massive stock purchases involved in those deals push up prices in general, but the buying is financed by huge loans that could shake the banking system if they go sour. Says Robert Salomon, director of stock research at the Salomon Bros, investment firm: "All this takeover activity is fine and dandy, but let's not forget that we are swapping equity for massive amounts of debt. Some of these highly leveraged companies could find it difficult somewhere down the line." A few analysts think they...
...that placed top priority on the deficit danger. Yet despite his intense zeal on the subject, he was able to discuss it with a sense of humor last week. "I would like to take the deficit with me," cracked Stockman at one of the White House meetings, "but at Salomon Brothers we finance half of it anyway." --By Jacob V. Lamar Jr. Reported by Sam Allis and Christopher Redman/Washington...