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BUSINESS
July 7, 1998 | Bloomberg News
Thousand Oaks-based Amgen Inc. is among 15 stocks Salomon Smith Barney Inc. is betting on to be attractive investments in the coming year. The latest edition of Salomon's "Ten+ Exceptional Names," an annually revised portfolio of stocks, is based on the recommendations of the firm's industry analysts. Last year's list gained 31% through the 12 months ended June 30, beating the 28% price gain for the Standard & Poor's 500-stock index over the same period.
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BUSINESS
August 29, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
Shares of Westlake Village-based Homestore.com Inc. sank by more than 12% and hit a 52-week low Tuesday amid investor concerns over consumer confidence. The sharp drop in the shares of Homestore.com, the largest source of home-sale listings on the Internet, took place during a broad market sell-off that hammered many already-depressed technology and Internet stocks. Homestore.com shares fell $2.30 to $16.30 on Nasdaq.
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BUSINESS
August 29, 2001 | JESUS SANCHEZ, TIMES STAFF WRITER
Shares of Westlake Village-based Homestore.com Inc. sank by more than 12% and hit a 52-week low Tuesday amid investor concerns over consumer confidence. The sharp drop in the shares of Homestore.com, the largest source of home-sale listings on the Internet, took place during a broad market sell-off that hammered many already-depressed technology and Internet stocks. Homestore.com shares fell $2.30 to $16.30 on Nasdaq.
BUSINESS
July 7, 1998 | Bloomberg News
Thousand Oaks-based Amgen Inc. is among 15 stocks Salomon Smith Barney Inc. is betting on to be attractive investments in the coming year. The latest edition of Salomon's "Ten+ Exceptional Names," an annually revised portfolio of stocks, is based on the recommendations of the firm's industry analysts. Last year's list gained 31% through the 12 months ended June 30, beating the 28% price gain for the Standard & Poor's 500-stock index over the same period.
BUSINESS
August 14, 2002 | Bloomberg News
Citigroup Inc. received a congressional subpoena demanding documents on any role stock analyst Jack Grubman played in allocating initial public offering shares to WorldCom Inc. executives. The House Financial Services Committee, which issued the subpoena, is investigating whether Grubman helped favored executives obtain IPO shares in return for their giving investment banking business to Citigroup's Salomon Smith Barney Inc. unit.
BUSINESS
May 4, 2001
* Unilab Corp., based in Tarzana, said it had filed with the Securities and Exchange Commission for an initial public offering of common stock. Unilab is an independent provider of clinical laboratory testing services, with its main testing facilities in Los Angeles, San Jose and Sacramento and 350 satellite facilities throughout the state. The company said it plans to seek a listing on the New York Stock Exchange under the ticker symbol ULB. Salomon Smith Barney Inc.
BUSINESS
August 25, 2000 | Bloomberg News
Honeywell International Inc. said it plans to sell its consumer automotive products businesses, including Prestone antifreeze and Autolite spark plugs, to focus on sales of aerospace parts and automated controls. Honeywell, based in Morris Township, N.J., said it hired Salomon Smith Barney Inc. to help it find a buyer for the businesses, which also include Fram oil and air filters for cars and trucks and Holts car-care products. The businesses had $1.1 billion in sales last year.
BUSINESS
December 14, 2002 | From Bloomberg News
Salomon Smith Barney Inc., a unit of Citigroup Inc., was ordered to pay almost $3.2 million to a female employee for sexual discrimination. An arbitration panel ruled that the securities firm must pay Tameron Keyes about $1.5 million in punitive damages and about $1.5 million in compensatory damages as well as $150,000 for emotional distress, said Marvin Krakow, Keyes' lawyer. Keyes, who could not be reached for comment, works as a stockbroker in Salomon's Beverly Hills office, Krakow said.
BUSINESS
February 12, 2002 | Bloomberg News
MetLife Inc., the biggest U.S. life insurer, may be facing more than $625 million in costs related to lawsuits over its alleged failure to disclose research from the 1920s to 1950s on the health risks of asbestos, said Colin Devine, a Salomon Smith Barney Inc. analyst. The New York-based company said in its third-quarter filing with the Securities and Exchange Commission it is the defendant in numerous lawsuits seeking compensatory and punitive damages.
BUSINESS
May 7, 1998 | Bloomberg News
Citicorp and Travelers Group Inc. named James Dimon president of the planned $70-billion merger of the bank and insurer, putting him on track to lead the world's biggest financial services company. Dimon, 42, will be president of the combined company, Citigroup, which will be based in New York. He will remain chairman and chief executive of Salomon Smith Barney Inc., the company's securities unit.
BUSINESS
August 10, 2002 | Bloomberg News
Conseco Inc., saying Chairman Gary Wendt's turnaround effort has failed, won't make some bond interest payments as the insurance and finance company asks lenders to restructure its $6.5 billion in debt. The value of Conseco's common stock probably will be wiped out, said Colin Devine, an analyst for Salomon Smith Barney Inc.
BUSINESS
November 10, 1998 | Bloomberg News
Citigroup Inc. said Steven Black, global head of equities at its Salomon Smith Barney Inc. securities unit, resigned in an ongoing reshuffle at the top of the world's biggest financial services company. Separately, Citigroup, whose stock has been hampered recently by concerns about the integration of Citicorp and Travelers Group into Citigroup, said it was buying back $2 billion of its own stock.
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