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Long term growth in weaponry demand is intact, and is unlikely to be swayed by the national election results say executives at Smith & Wesson (NASDAQ:SWHC). The company reported outstanding growth of 144 percent (q-on-q) for its modern sporting rifles and 26.4 percent growth in handguns.
AIG (NYSE:AIG) sold 591.9 million shares in the Hong Kong AIA Group, reducing its stake from 18.6 percent to 13.69 percent. The sale realized $2.02 billion at HK$26.50 a share, a slight premium to AIA’s close yesterday.
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The National Credit Union Administration (NCUA) has alleged that UBS (NYSE:UBS) misrepresented facts when it sold over $1.1 billion worth of mortgage bonds to failed credit unions U.S. Central Federal and WesCorp. In its suit, NCUA claims that the unions were given an incorrect picture of the risk involved in the bonds, as they “were not aware of the untrue statements or omissions of material facts” in offering documents.
The Carlyle Group (NYSE:CG) acquires the North American power generation assets from Goldman Sachs’ (NYSE:GS) Cogentrix Energy. While the consideration was not disclosed, the deal covers coal and solar projects in Florida, Virginia, Colorado, and California, and certain projects relating to gas and renewable power under development.
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