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The drop in gun sales has lead to deep job cuts at Sturm RugerOn Wednesday, the company reported a 21% sales decline for 2017. Thursday it disclosed that it has cut 700 jobs, or more than a quarter of its staff, over the last 13 months. That leaves it with 1,750 workers."When we reduced production in 2017, we had to make some difficult decisions," said CEO Chris Killoy, on a call with analysts Thursday. Many of the jobs were eliminated through attrition. The company also had 320 temporary employees a year ago who have since left the company. In January, the company needed to further reduce staff, prompting it to lay off an additional 60 workers.Gun sales have been sharply lower across the industry since President Donald Trump was elected. Fears that Hillary Clinton would win the presidency and seek tougher gun control laws drove record sales through 2016, and encouraged retailers to stock up on inventory. With the election of Trump and Republicans in control of both houses of Congress, those fears greatly abated.Killoy said that 2017 FBI background checks, which correspond roughly to purchases, fell 11%. Retailers also cut back on purchases to reduce inventory."2017 was a challenging year for the firearm industry," Killoy. But he said as a result of the job cuts, "we're better positioned to compete in 2018."There has been more talk about gun control in the week since the shooting of 17 students and staff at a Florida high school, led by many of the students and families from that school.President Trump and some Republicans, including Senator Marco Rubio of Florida, have voiced new support for some gun control measures. But it's too soon to say whether those efforts will affect gun sales.Killoy did not mention the gun control debate during his conference call, although he did express sympathy for victims of the Florida shooting."Like all Americans, we struggle with the shock and sadness of these terrible events," he said.Sturm Ruger is not the only company to report a drop in sales. Overall the industry has reported a sales decline of more than 0 million in 2017.Gun maker Remington has warned it plans to file for bankruptcy protection soon. Killoy was asked about whether Sturm Ruger would be interested in buying Remington, given that it has a strong balance sheet. Ruger's cash on hand fell by nearly million during the year, but it still has .5 million and no debt. He wouldn't rule out a deal for Remington, but wouldn't comment on it directly."We're watching that closely," he said the coming bankruptcy case. "We wish them well going through that process. With million cash on hand, it may provide some opportunities down the road." 2727
The Federal Bureau of Investigation said in an email to E.W. Scripps that a civil rights investigation has been opened into the fatal shooting of an Overland Park, Kansas, teen by a police officer.FBI spokeswoman Bridget Patton said the Kansas City Field FBI Field Office, the Civil Rights Division, and the US Attorney's office for the District of Kansas are looking into the death of John Albers, who was fatally shot in January 2018.According to USA Today, Albers was backing out of his family's garage towards former Overland Park officer Clayton Jenison, who yelled him to stop and then fired 13 times.The shooting was later ruled justified by the Johnson County District Attorney, USA Today reported.After the shooting, Albers' family settled a wrongful death lawsuit against the city for .3 million."The FBI will collect all available facts and evidence and will ensure that the investigation is conducted in a fair, thorough, and impartial manner," Patton said. 979
The fury of the lava from the Kilauea volcano swallowed a car whole.A time lapse video from Brandon Clement shows a Ford Mustang being consumed on the Big Island.The video from the lava and ash flow across the road, eventually overtaking the car on the side of the road. 278
The Fourth of July marks the busiest time of the year for animal shelters as pets are spooked due to the noise of fireworks.In order to keep pets out of the shelter and safe at home, Nationwide Insurance offered the following tips on caring for your pets this weekend:Microchip your pet. While every pet – even indoor cats – should have a collar with an up-to-date ID tag, collars can be easily removed or slipped. That's why a microchip is your best bet for being reunited with a lost pet. Microchips - the size of a grain of rice - are a form of permanent ID injected just under the skin. It's important that owners keep microchip information current.Use pet ID tags. Make sure your pet has an ID tag and that it's being used to its best advantage. Don't waste tag space with the pet's name, your name, or your address. Instead, put "Reward!" on the tag and as many phone numbers as you can fit, including area code. It's best to meet anyone who has found your pet on safe, neutral ground.Talk to your veterinarian about anti-anxiety medications. In recent years, safe and effective medications to treat noise phobia in pets have become widely available. Pick these up before the Fourth of July and follow your veterinarian's guidance on administering them. Once a pet's noise phobia has been activated, it can be difficult to manage the panic and fear they feel.Keep pets secure at home while out. It's not the best idea to take your pet out on the Fourth, but if you do, always use a leash. Once the fireworks begin, bring your pets inside, pull drapes to keep bright lights out, and turn on "white noise" to help dampen the sound. While classical music has been clinically shown to be calming, you can also find playlists or CDs arranged specially to help keep pets more relaxed.If your pet escapes, begin looking for them right away. Contact all area shelters as soon as they're open, and post information in community forums and groups online immediately. Remember that a frightened pet can travel pretty far or be picked up by someone out of the area, so cover nearby areas as well. Cats tend to hide when lost or frightened, so post flyers in your neighborhood and ask neighbors to check sheds, garages, and other possible hiding places.Keep looking. Pets can be found weeks and months after they're lost and are usually reunited because of a microchip.Remember - fireworks aren't the only hazard. While parties may not be as common this year because of social distancing, even small family gatherings can be troublesome. Make sure visitors keep medications locked up and are asked to help keep doors and gates closed. In addition, summer celebrations mean food and other hazards that should be avoided. More information on those dangers can be found here. 2773
The digital news company Mic has laid off most of its staff, a spokesperson for the company confirmed.The layoffs were first reported Thursday by Recode. It is not yet clear exactly how many employees were affected. Mic declined to comment beyond confirming the Recode report.The company was founded in 2011, and for the past several years has branded itself as a news website geared toward millennials.Mic Publisher Cory Haik also resigned Thursday. In a note to staff that was obtained by CNN Business, Haik called journalism a "tough business.""Our business models are unsettled, and the macro forces at play are all going through their own states of unrest," she wrote. "If anyone tells you they have it figured out, a special plan to save us all, or that it's all due to a singular fault, know that is categorically false. Like the truth, it is indeed complicated."Mic was once a digital media darling, attracting around million in funding from investors. Its biggest backers included Lightspeed Venture Partners, Clark Jermoluk Founders Fund, WPP and WarnerMedia. (WarnerMedia owns CNN.)The company's staff swelled to more than 100 people by early 2016, according to The New York Times, which asked in an article published at the time: "What happens when millennials run the workplace?"But the climate is a tough one for digital media publishers right now. Ad revenue alone hasn't been enough to support these businesses, and Google and Facebook have substantial control over the ad market.Refinery29, HuffPost and Vocativ have all cut staff in the past year. So have CNN Digital, Vice and BuzzFeed.Mic laid off 25 employees in August 2017 as part of a pivot to video. Co-founder and CEO Chris Altchek told staff at the time that the shift was needed because "visual journalism already makes up 75% of the time that our audience spends" with the site.There were signs this year that the environment wasn't improving for Mic. Digiday reported in April that traffic to Mic's website had been plunging.The article also noted that Mic was very reliant on Facebook, citing statistics that showed views on the social media site fell to 11 million views in March compared to 192 million about a year earlier.Still, company executives pushed back on some reports that characterized the situation at Mic as particularly dire. When the Columbia Journalism Review reported in September that the company's board discussed a possible shutdown, Altchek called the report "categorically false."Emily Singer, a senior political reporter at Mic, tweeted Thursday that she was leaving the company."I'm so proud of what we've accomplished here," Singer wrote.Kerry Lauerman, Mic's executive news director, tweeted about the "gutting experience" Thursday."But only love for the extremely resilient and open-hearted team of Mic editors, producers, writers and shooters I had the great honor of working with," he added. "They performed brilliantly often under a cloud of uncertainty."Reached by phone, Lauerman declined to comment further, saying only that the team was packing up all of their things.Several other employees also tweeted news of their departures."I have so much to say, but most importantly the time I spent at @mic was the best of my career," wrote Managing Editor Colleen Curry. "I learned so, so much from brilliant people dedicated to keeping journalism alive."Mic is also in talks to sell at least part of the company to Bustle Digital Group, Recode reported Wednesday. A source with knowledge of the potential deal confirmed that report to CNN Business. 3572