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:
October 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 October 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 October 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: October 6, 1994 By: /s/ David C.Fisher
Controller
Press Contact: Robert F. Baker, Jr.
(212) 783-6299
For immediate release:
SALOMON INC TO REPORT A NET LOSS FOR THE 1994 THIRD QUARTER
New York, October 6, 1994 - Salomon Inc today announced that
it will report an aftertax loss of approximately $100
million for the 1994 third quarter. Final quarterly results
will be released on or about October 20. The majority of
the loss was attributable to adverse results for Salomon
Brothers' Proprietary Trading Businesses which historically
have tended to be volatile. Salomon Brothers' Client-Driven
Businesses which continued to be affected by weakness in
underwriting volume and customer trading activity will also
report a loss, although results improved significantly from
the second quarter. The Phibro Division, the Company's
commodities trading business, will also report a modest
pretax loss this quarter.
Given the difficult market environment for its Client-Driven
Businesses, Salomon Brothers is closely reviewing the pace
of new initiatives.
