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Consumer Corner: Foreclosure settlement no magic bullet for economy
SPRINGFIELD, Mass., June 29 (UPI) -- Gun sales in the United States are shooting up, according to current and projected firearms sale figures from gunmaker Smith & Wesson Corp.
The 153-year-old Massachusetts company Wednesday said firearms sales for fiscal 2005 are expected to increase by approximately 11 percent over fiscal 2004 levels.
"We expect fiscal 2006 revenue growth in our core business in the range of 10 percent to 12 percent, with gross margins continuing to improve over the course of 2006, said Michael Golden, the company's chief executive.
"We plan to support this growth with incremental revenue from new products, including shipments of our award-winning Model 460-XVR revolver, named Handgun of the Year by the Shooting Industry Academy of Excellence."
Smith & Wesson is one of the largest gunmakers in the world.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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SAN DIEGO, Feb. 13 (UPI) --
Northrop Grumman reports it will work on the second phase of the U.S. Navy project to deploy new tactical computing network systems aboard ships.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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