Salomon Inc.: The parent of the investment...
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From Times Staff and Wire Reports
Salomon Inc.: The parent of the investment banking firm of Salomon Bros. reported first-quarter earnings of $119 million, contrasted with a $28-million loss in the same period a year ago. Revenue increased 53% to $2.4 billion. The New York company credited the turnaround to solid performances in trading, particularly in equities, government bonds and derivative products.
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