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Trump’s call for more gun regulation boosts firearm stocks

SAN FRANCISCO (Reuters) – Shares of gunmakers American Outdoor Brands and Sturm Ruger & Company rallied on Thursday after U.S. President Donald Trump advocated tightening background checks for guns in response to last week’s high school massacre in Florida. The Republican president’s tweets and comments were seen as increasing the possibility of…

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Prosecutors widen Audi emissions probe to former executives

BERLIN (Reuters) – German prosecutors searched the homes of three new suspects in connection with Audi’s emissions scandal on Thursday, further widening their inquiry into the carmaker’s test-cheating scandal to include former executives. About two weeks after raiding Audi’s headquarters and one of its two German plants, Munich prosecutors said two of…

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German court to decide on fate of 15 million diesel cars

LEIPZIG, Germany (Reuters) – A German court will rule on Thursday whether major cities can ban heavily polluting diesel cars, potentially hitting the resale value of 15 million vehicles in Europe’s largest car market and forcing carmakers to pay for costly modifications. Diesel-engine cars have been in the spotlight since Volkswagen (VOWG_p.DE)…

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Ford U.S. chief departs abruptly after behavior probe

DETROIT (Reuters) – Ford Motor Co said on Wednesday that Raj Nair, its president for North America, was leaving the company immediately after an internal investigation found his behavior was “inconsistent with the company’s code of conduct.” Ford did not give any details on what that behavior entailed. A company spokesman said…

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Dish Network profit surges on U.S. tax law boost

(Reuters) – Dish Network Corp (DISH.O) reported a jump in fourth-quarter profit on Wednesday due to a benefit of about $1.2 billion related to changes in U.S. tax laws. Net income attributable to Dish rose to $1.39 billion, or $2.64 per share, in the quarter ended Dec. 31 from $355 million, or 73 cents per share,…

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