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Bankruptcy

World news about “Bankruptcy” published by euronews.

15/06 15:34 CET

US gunmaker Colt files for bankruptcy

US gunmaker Colt files for bankruptcy

The legendary US gunmaker, Colt is filing for bankruptcy. The Conneticut based firm, which has been making weapons for 160 years, has been struggling for months because of poor sales and a heavy debt-load of around 260-million euros. Last month, Colt Defense, whose M1911…