Senator Kirsten Gillibrand of New York wants to make sure small businesses can stay open when their owner retires. She announced new legislation to make it easier for owners to transfer their business to their workers.
Bank of America said last month it would stop doing business with companies that make “military firearms for civilian use.” But now the bank is lending to Remington Outdoor, the company that makes the same type of military-style guns used in many of the recent mass shootings.
The conglomerate General Electric is still considering a breakup of the 126-year-old company. In an earnings call with investors, executives said the company’s current business is profitable, but dragged down by past ventures.