Three Men Guilty Of Botched Bomb Plot Three men convicted of plotting to bomb London’s transport system on July 21, 2005.... Read Full Article Scramble For Digital Home There is debate over how the digital dwelling will function.... Read Full Article Britney Regains Visiting Rights Spears can see kids, but only with parenting coach present, court rules.... Read Full Article Penney Fires Top Executive Six Months After Hiring J. C. Penney fired its chief operating officer, Catherine G. West, but did not give a reason for the firing and would not provide details.... Read Full Article New French Museum Embraces Architecture At a low-key ceremony on Monday, President Nicolas Sarkozy of France inaugurated La Cité de l?Architecture et du Patrimoine, (the City of Architecture and Heritage) in Paris, which reopened aft... Read Full Article |
Remington Arms Is SoldRemington Arms, the gun maker that has equipped American soldiers for 150 years, has agreed to be acquired by a private equity firm, Cerberus Capital Management, for $118 million, a statement by Remington said yesterday. The company, based in Madison, N.C., reported its first profit in three years in 2006. Remington is the countrys largest and oldest maker of rifles and shotguns. Founded in 1816 by Eliphalet Remington II, it was bought during the Depression by DuPont. Over the years, Remington branched out to produce typewriters, sewing machines and cash registers, businesses it later shed. In 1993, another equity firm, Clayton, Dubilier & Rice bought Remingtons assets from DuPont for $300 million. The deal announced yesterday includes $252 million of debt. Tag CloudExternal InformationAdditional InformationChina and U.S. in Food Safety Accord...Advertising: A Promotion to Sell Cars by ?Losing? the Keys... Further Decline Seen in U.S. Home Sales... Bendigo blunders prompt rethink... Where Am I?News Main Page - Business - Remington Arms Is Sold |
i8news.com |