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Business News at 5:30 p.m.
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NEW THIS DIGEST:
Adds: GREECE-FINANCIAL CRISIS
Updates: EARNS-ORACLE; WALL STREET
SCHOOL SHOOTING-GUN COMPANIES
NEW YORK â¿¿ Investors are shunning some of the nation's largest gun makers in the aftermath of the Connecticut school shooting, including a large private equity firm that plans to sell the manufacturer of the Bushmaster rifle used in the attack. The firm Cerberus called the bloodbath a "watershed event" in the debate on gun control. Shares of Smith & Wesson and Sturm, Ruger & Co. fell sharply. In stores, at least one major gun seller, Dick's Sporting Goods, suspended sales of modern sporting rifles. By Joshua Freed. Incorporates BC-US--Cerberus-Freedom Group.
â¿¿GUN RIGHTS-ADVOCATES â¿¿Holiday shoppers wandering through rows of assault rifles and pistols at the Kittery Trading Post in Maine are concerned about losing gun rights, but also seem more open to limits on semi-automatic weapons. In a region where gun ownership has long been celebrated, a subtle shift may be under way after the school shootings. By Steve Peoples.
WASHINGTON â¿¿ With negotiations at a fever pitch, President Barack Obama and House Speaker John Boehner push ahead on a possible broad deal to avert the fiscal cliff, even as the GOP leader readies a temporary 'Plan B' tax plan to pressure the White House. There's little time left to avoid a double hit on the economy. By Andrew Taylor.
AP photo, video