Gunmakers shares fall after NRA presser

Heading into the National Rifle Association press conference Friday, shares in the two publicly traded gunmakers, Sturm Ruger and Smith and Wesson, began to rally. As the conference went on, the recovery in share prices faltered and then fell, as the NRA’s Wayne LaPierre blamed the massacre in Newtown and other places on an irresponsible […] [Read More]
Categories: Wall Street
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GE buying Italian jet-engine component maker for $4.3 billion

Fairfield-based GE announced the acquisition from Cinven today, Friday. Founded in 1908 and headquartered in Turin, Italy, Avio operates in four continents and employs about 5,300 people, 4,500 of whom are in Italy, including approximately 800 in the space unit. In the jet propulsion industry, Avio is a provider of low-pressure turbine systems, accessory gearboxes, […] [Read More]
Categories: Defense, GE
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