SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report:
July 6, 1994
Salomon Inc
(Exact name of registrant as specified in its charter)
Delaware 1-4346 22-1660266
(State of Incorporation) (Commission File No.) (IRS Employer
Identification No.)
Seven World Trade Center, New York, New York 10048
(Address of Principal Executive Offices) (Zip Code)
(212) 783-7000
(Registrant's Telephone No.)
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Item 5. Other Events
On July 6, 1994, the Registrant issued a press release, a
copy of which is filed herewith as Exhibit 99 and
incorporated herein by reference in its entirety.
Exhibits:
(99) Press release dated July 6, 1994
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
SALOMON INC
(Registrant)
Date: July 11, 1994 By: /s/ David C.Fisher
Controller
Contact: Robert F. Baker, Jr.
212-783-6299
For Immediate Release:
SALOMON INC TO REPORT A NET LOSS FOR THE 1994 SECOND QUARTER
New York, July 6, 1994 - Although its results are not yet
final, Salomon Inc today announced that it will report a net
loss for the 1994 second quarter. The Company expects to
release final quarterly results on or about July 21. The
aftertax loss, currently estimated at approximately $200
million, is attributable to poor results for Salomon
Brothers, the Company's global investment banking and
securities business.
Salomon Brothers will report a loss, attributable primarily
to its Client-Driven Businesses. Such businesses were
adversely affected by inventory related losses, particularly
in fixed income markets, and declines in underwriting
activity and customer trading volume. Losses were also
recorded in proprietary trading businesses. Salomon
Brothers' loss will be partly offset by good results at the
Phibro Division, the Company's commodities trading business.
