December 7, 2012 |
Gun maker Smith & Wesson had a strong second quarter as the consumer firearms market continues to grow, the company said this week. The Springfield, Mass., manufacturer said Thursday afternoon that it earned $21.2 million in profit, or 31 cents a share during the quarter ended Oct. 31. In the same period a year earlier, the company reported a loss of $1.6 million, or 2 cents a share. Revenue soared 48% to $136.6 million, from $92.3 million. The company's stock fluctuated in morning trading, swinging up to $11.25 a share -- a 3.7% surge -- before slumping down 7.7% to $10.01 a share.
March 12, 2013 |
WASHINGTON - A bill to expand background check requirements for gun sales cleared its first Senate hurdle Tuesday, even though a compromise measure that would attract sufficient bipartisan support in the full chamber remains elusive. The Senate Judiciary Committee approved a proposal by Sen. Charles E. Schumer (D-N.Y.) by a 10-8 vote Tuesday, with the backing solely of the Democrats on the committee. Schumer said the bill, a variation of a broad background checks measure he introduced in 2011, represented his “ideal approach” to extending background checks to nearly all gun sales; currently, only sales by licensed dealers are subject to checks.
November 7, 2012 |
While investors moping over President Barack Obama 's reelection sent the Dow spiraling down more than 300 points Wednesday morning, one sector is seeing a surge: gun manufacturing. Firearms maker Smith & Wesson Holding Corp. surged 10.8% to $10.48 a share in morning trading, more than double its price at the beginning of the year. Sturm , Ruger & Co. Inc. got a 6.4% boost to $47.48 a share, a 39% increase from early January The impetus? Gun sales are expected to boom now that Obama , who said during one presidential debate that he's open to reintroducing an expired ban on civilian purchases of assault weapons, is returning to office.
CALIFORNIA | LOCAL
February 4, 2001
Re "City Sets Sights on Gun Sales," Jan 23. The Cindy Miscikowskis and Mike Feuers of this world just do not get it. The addition of more restrictions on the legal purchase of firearms will do nothing to deter violent crime. . . . We do not have the resources to adequately enforce all gun legislation currently in place. To add another layer of "protection" (i.e. another bureaucratic impediment to the legal purchase of firearms) is ludicrous. The only thing that fingerprinting will accomplish is soiling the fingers of potential purchasers.
CALIFORNIA | LOCAL
January 19, 1999
Re "Council Panel Supports Limits on Gun Purchases," Jan. 14: So no one testified against L.A. City Council member Mike Feuer's plan to implement yet one more of Sarah Brady's acts of harassment against law-abiding gun owners. Could this be because his committee is a cozy, self-absorbed cabal of 2nd Amendment foes? One more reason to work for secession from Los Angeles. MARSHALL BUCK West Los Angeles Your story regarding the proposed one-gun-per-month sales restriction now being considered by the L.A. City Council was most interesting.
December 24, 2012 |
Calls for stricter weapons laws after the massacre at a Connecticut elementary school have gun enthusiasts scrambling to buy firearms before they're potentially restricted or banned outright. Brownells Inc., which claims to be the world's largest supplier of firearms accessories and gunsmithing tools, said it has sold 3 1/2 years worth of ammunition magazines in three days. Consumer demand has been “unprecedented” recently, according to a statement attributed to company President Pete Brownell on gun owner forum AR15.com . Police say Adam Lanza used a Bushmaster AR-15 semi-automatic rifle on Dec. 14, when he went on a shooting rampage in Newtown, Conn.