It's a nervous time for companies that make and sell guns.
On Tuesday, Cerberus Capital Management, a private equity firm, announced it was selling its stake in Freedom Group, maker of the American Bushmaster AR-15 rifle, which was used in the Newtown killings last Friday, along with other brands such as Remington.
Originally published on Mon December 17, 2012 5:26 am
Police on Sunday said 20-year-old Adam Lanza was armed with a high-powered rifle, two handguns and hundreds of rounds of ammunition when he forcibly entered a Newtown, Conn., elementary school and proceeded to gun down 20 young students and six faculty members.
The latest information on the tragedy, the worst violence at an elementary school in U.S. history, came ahead of President Obama's arrival in the town where Friday's mass shooting took place. The president met with families of the victims and planned to attend an evening vigil, where he will speak.