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Keyword: remington

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  • It begins: Conn. Supreme Court rules gunmaker Remington can be sued over Newtown shooting

    03/15/2019 6:37:38 AM PDT · by SleeperCatcher · 51 replies
    The National Sentinel ^ | 3/15/19 | Jon Dougherty
    One legal strategy the #neverguns Left has been pursuing in recent years in their attempt to neuter the Second Amendment and chill gun rights is to sue weapons makers in an attempt to hold them responsible for mass shootings. Thanks to a decision Thursday by the Connecticut Supreme Court, Leftist anti-gunners are now one step closer to their objective. As The Associated Press reported, a divided court ruled that a lawsuit against gunmaker Remington can proceed over the way the company marketed the rifle that was used to kill 20 children and six school officials at the Sandy Hook Elementary...
  • Court rules AR-15 gun maker can be sued over Sandy Hook shooting

    03/14/2019 11:21:30 AM PDT · by bgill · 53 replies
    kvue ^ | Mar. 14, 2019 | Dave Collins
    HARTFORD, Conn. — Gun maker Remington can be sued over how it marketed the Bushmaster rifle used to kill 20 children and six educators at Sandy Hook Elementary School in 2012, a divided Connecticut Supreme Court ruled Thursday. Justices issued a 4-3 decision that reinstated a wrongful death lawsuit and overturned a lower court ruling that the lawsuit was prohibited by a 2005 federal law that shields gun manufacturers from liability in most cases when their products are used in crimes. The plaintiffs include a survivor and relatives of nine people killed in the massacre. They argue the AR-15-style rifle...
  • Sandy Hook lawsuit against gun maker Remington can proceed: Court

    03/14/2019 11:00:34 AM PDT · by jazusamo · 43 replies
    The Washington Times ^ | March 14, 2019 | David Sherfinski
    The Connecticut Supreme Court on Thursday said a lawsuit challenging how Remington marketed the rifle used in the December 2012 Newtown school shooting can proceed, overturning a lower court’s outright dismissal of the case. In a 4-3 opinion, the court narrowly ruled that families of victims of the Newtown school shooting can challenge whether Remington violated trade practices in how it marketed the AR-15-style rifle used in the shooting. “The regulation of advertising that threatens the public’s health, safety, and morals has long been considered a core exercise of the states’ police powers,” Justice Richard Palmer wrote for the majority....
  • Remington Arms History

    01/30/2019 4:54:45 AM PST · by w1n1 · 9 replies
    Am Shooting Journal ^ | 1/30/2019 | J Hines
    Eliphalet Remington II founded Remington in 1816. His decision had been made that year when his homemade gun was so highly admired at a shooting contest. After forging it himself, he had taken it to a gunsmith in Utica, New York to finish making it into an actual gun. The company actually started that very day with all the admirers placing orders with him to make their guns. Up to that time the available guns on the market were so bad that most people just made their own. They fashioned homemade rifle barrels by simply heating and hammering iron strips...
  • Remington Model 10 - Trench Gun

    01/28/2019 4:54:19 AM PST · by w1n1 · 9 replies
    Am Shooting Journal ^ | 1/28/2019 | M Fuest
    The "trench gun" may be one of the most interesting gun of World War I. When one hears the word most think of the Winchester Model 1897 fitted with a metal handguard and bayonet adapter assembly. What some people don't know is the other shotgun that was issued to the doughboys was the Remington Model 10 pump-action shotgun. Winchester was at the peak of its production during WWI. This is where Remington made its way in with the Model 10 to fill the demands. The term "trench gun" was never an official designation but was widely used to denote a...
  • Three companies to hold upcoming job fairs (Alabama and elsewhere)

    06/19/2018 3:39:50 PM PDT · by 2ndDivisionVet · 10 replies
    WHNT-TV ^ | June 19, 2018 | Noel Geiger and Christine Mitchell
    HUNTSVILLE, Ala. — Three Huntsville companies are searching for people with different skill sets this summer. Remington Arms Company, Mesker Doors and Torch Technologies will host their own job fairs in June and July. Below are the following details: JUNE: Who: Remington When: Thursday, June 21, 9 a.m. – 12 p.m. Where: 1816 Remington Trail SW (follow the signs on Wall Triana Highway) Why: Hiring for CNC Mill & Lathe Operators _____________________________________ Who: Torch Technologies When: Thursday, June 28, 3:30 p.m. to 7:30 p.m. Where: The Freedom Center, 4090 South Memorial Parkway, Huntsville, AL Why: Seeking individuals with technical degrees...
  • U.S. gunmaker Remington exits bankruptcy in tough gun climate

    05/18/2018 3:42:28 AM PDT · by Libloather · 28 replies
    Reuters ^ | 5/16/18 | Tracy Rucinski
    (Reuters) - U.S. weapons manufacturer Remington Outdoor Co Inc FREDM.UL said on Thursday it had emerged from Chapter 11 bankruptcy with less debt and more stable financing that may help it ride out a slowing market for firearms. **SNIP** Under the reorganization plan, inked two days before the Feb. 14 Parkland shooting, creditors including JPMorgan Chase & Co (JPM.N) and Franklin Advisors will take ownership stakes in the company in exchange for forgiving more than $775 million of debt. Remington also received a $193 million new lending package funded by seven banks, including Bank of America Corp (BAC.N).
  • Ashley Judd, Morgan Freeman Sign Letter Demanding Bank of America Revoke Loan to Remington Arms (tr)

    05/12/2018 6:51:16 PM PDT · by EdnaMode · 78 replies
    Breitbart ^ | May 11, 2018 | Aww Hawkins
    Hollywood stars Morgan Freeman, Ashley Judd, and others associated with the No Rifle Association initiative (#NoRA) have signed a letter demanding Bank of America revoke a loan made to Remington Arms. Alyssa Milano tweeted the list of signatories, which included Alec Baldwin, Michael Ian Black, Mia Farrow, Chelsea Handler, Debra Messing, Julianne Moore, Michael Moore, and Rosie O’Donnell, and a page full of others. Signatories also included Parkland gun control activist David Hogg.
  • Bank of America to supply Remington Outdoor Company with loan

    05/10/2018 12:06:39 PM PDT · by Simon Green · 21 replies
    Guns.com ^ | 05/10/18 | Daniel Terrill
    Bank of America will join half a dozen other banks in providing a lending package to Remington Outdoor Company as the gun maker prepares to emerge from bankruptcy proceedings. Although the bank announced last month that it would stop financing companies that make military-style guns for civilian use, the deal was made beforehand, Reuters reported. BoA is contributing $43.2 million to a $193 million lending package funded by seven banks. The loan will help put Remington back on a stable footing as it re-enters an uncertain environment for gun makers. BoA chairwoman Anne Finucane said in April that the bank...
  • Bank of America's loan to Remington tests its firearms pledge

    05/07/2018 6:28:46 AM PDT · by Oldeconomybuyer · 13 replies
    Reuters ^ | May 7, 2018 | by Tom Hals, Jessica DiNapoli
    Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said it would stop financing “military-style” firearms for civilians. The bank is contributing $43.2 million to a $193 million lending package funded by seven banks, according to court documents, which will help put Remington back on stable footing as it emerges from bankruptcy later this month into an uncertain environment for gun makers. The package replaces a similar credit facility the banks committed to providing Remington. Both were agreed in late March, before Bank of America,...
  • Bank of America will no longer lend to companies that make ‘military-style’ weapons

    04/11/2018 5:48:16 AM PDT · by ptsal · 39 replies
    The Washington Times ^ | 04-10-2018 | Victor Morton
    Bank of America officially took sides in America’s gun debate Tuesday, announcing it would no longer make loans to companies that make “military-style” weapons. The second-biggest U.S. bank announced Tuesday that it would drop current loan-customers Vista Outdoors, Remington and Sturm Ruger, and blackball any other manufacturer of assault weapons. Bank of America Vice Chairman Anne Finucanetold Bloomberg TV on Tuesday her bank has told those companies “it’s not our intent to underwrite or finance military-style firearms.” “We have had intense conversations over the last few months,” Ms. Finucane told Bloomberg, a network founded by tycoon and gun-control-financier Michael R....
  • U.S. gunmaker Remington files for bankruptcy

    03/25/2018 11:50:27 PM PDT · by sparklite2 · 58 replies
    Reuters | Mar 28, 2018 | Tom Hals, Jessica DiNapoli
    (Reuters) - Remington Outdoor Co Inc [FREDM.UL], one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control. The company’s chief financial officer, Stephen Jackson, said in court papers that Remington’s sales fell significantly in the year before its bankruptcy, and that the company was having difficulty meeting requirements from its lenders.
  • Gunmaker Remington to file for bankruptcy

    02/13/2018 4:31:05 AM PST · by servo1969 · 27 replies
    FOX Business ^ | 2-13-2018 | Barbara Kollmeyer
    U.S. firearm manufacturer, Remington Outdoor Company, said it will file for Chapter 11 bankruptcy protection, but stay in business throughout the process. "Difficult industry conditions make today's agreement prudent," said Jim Geisler, Remington's executive chairman, in a statement released by the company on Monday.
  • Gunmaker Remington filing for bankruptcy

    02/13/2018 2:39:52 AM PST · by Fai Mao · 53 replies
    NY Post ^ | 2/12/18 | Richard Morgan
    Remington Outdoor announced plans to file for bankruptcy on Monday, succumbing to a “Trump slump” that whacked sales by 30 percent in its most recent quarter. https://nypost.com/2018/02/12/gunmaker-remington-filing-for-bankruptcy/
  • U.S. gun maker Remington reportedly taking steps toward bankruptcy filing

    02/08/2018 6:40:22 PM PST · by jazusamo · 124 replies
    The Washington Times ^ | February 9, 2018 | Victor Morton
    One of the biggest U.S. gun manufacturers is taking steps toward filing for bankruptcy, according to Reuters news service. Remington Outdoor Company Inc. has “reached out to banks and credit investment funds in search of financing that will allow it to file for bankruptcy,” Reuters reported Thursday evening, citing “people familiar with the matter.” According to those sources, the debt-ridden company missed a payment on its debt this week and is seeking “debtor-in-possession financing” that would let the company continue operations once it went bankrupt.
  • 110 Years of Semi-Auto Hunting Rifles

    12/02/2017 4:26:28 AM PST · by marktwain · 21 replies
    Gun Watch ^ | 21 November, 2017 | Dean Weingarten
    Semi-automatic rifles have been common in the hunting fields in the United States for a hundred and ten years and more.  I picked up the Remington model 8 above at a gun show in Tucson a few years ago. The design has been popular for a long time. The rifle pictured was manufactured early in 1907. It was called the Remington Autoloading Repeating Rifle at the time. The Model 8 designation was applied in 1911. The rifle pictured was one of the first chambered in the .30 Remington caliber, Remington's ballistic equal to Winchester's .30-30. Unfortunately, the Remington model...
  • Gunmaker Remington faces default as Americans buy fewer firearms

    11/24/2017 6:31:02 PM PST · by Mariner · 80 replies
    The Philadelphia Inquirer ^ | November 20th, 2017 | by Joseph N. DiStefano
    Remington Outdoor, the second-largest U.S. gunmaker has suffered a “rapid” and “sharp” deterioration in sales and a similar drop in profits since January, and faces “continued softness in consumer demand for firearms,” credit analysts at Standard & Poor’s Global Ratings said in a report Friday. S&P as a result has cut the company’s corporate credit rating — already at a junk-bond-level CCC+ — two full notches, to CCC-, a move likely to make the company’s high-yield debt less attractive to investors and lenders, and force Remington to pay more in interest. The company could face a change in control, bankruptcy,...
  • The Original Famous Firearms

    08/11/2017 7:58:47 AM PDT · by w1n1 · 11 replies
    Am Shooting Journal ^ | 8/11/2017 | D Perez
    Winchester Model 70s and Remington 870s were famous in the early century, here are five models that paved the way for more famous descendants to gain dominances.We're going to start this list with an all time favorites: The Winchester Model 54. Introduced in 1925 and wasn’t produced until 1936, the Winchester 54 was itself a derivation of the limited-production Winchester Model 51 “Imperial.” The Winchester 54 combined elements of the famous 98 Mauser and 1903 Springfield designs. These features were well-received, and the Model 54 became Winchester’s first commercially viable bolt-action rifle design, with just over 50,000 being built before...
  • Remington Introduces New Firearm, Not A Pistol, Rifle, or Shotgun

    05/08/2017 8:52:31 AM PDT · by marktwain · 69 replies
    ammoland ^ | 4 May, 2017 | Dean Weingarten
    The BATFE ruling that firearms that are more than 26 inches in length, but are not manufactured to be fired from the shoulder, are neither pistols or shotguns or rifles, but merely “firearms” has resulted in a new type of defensive firearm.The Remington Tac 14 is now available and has suggested retail price of $443.05. Store prices will likely be in the $400 range.These type of firearms have been produced by small manufacturers for years. Two years ago, I predicted that the major manufacturers would come on board, if the small manufacturers proved popular.At that time, I had not...
  • Crashing "Post-Obama Era" Gun Sales Lead To Remington Mass Layoffs

    03/14/2017 9:36:22 AM PDT · by Perseverando · 45 replies
    ZeroHedge.com ^ | March 14, 2017 | Tyler Durden
    As we noted last summer, the Obama administration’s constant gun control threats did little more than flood American homes with more guns as people looked to stockpile weapons ahead of anticipated new regulations. In fact, both of Obama's elections resulted in massive and unprecedented spikes in gun sales. Meanwhile, Obama's presidency was a boon for the gun manufacturers whose revenue, profitability and stocks all soared during his presidency. But while the constant threat of new regulations under Obama resulted in a massive full forward of gun demand and pushed gun stocks to all-time highs, the election of Trump, and thus...