Targeted? Gun Sellers Say 'high Risk' Label From Feds Cuts Off Banking Options, Restricts Business -

Ready-to-serve soups, which dont require adding water, dropped 1 per cent. I am disappointed that our plans did not drive stronger sales results in U.S. soup, Denise Morrison, Campbells chief executive officer, said in the statement. Despite an increase in the frequency of our promotional activity in the third quarter, we did not realize the anticipated lifts in a challenging consumer environment. Campbells U.S. soup division had a 14 per cent sales gain in the year-earlier quarter, making it tough to maintain growth. Still, the latest performance fell short of the companys expectations, Morrison said. Campbell also said that earnings will be at the low end of its previously announced range of $2.53 to $2.58 (U.S.) a share, excluding some items. For the original version including any supplementary images or video, visit http://www.thestar.com/business/2014/05/19/campbell_sees_soup_cool_off.html







Gun parts maker American Spirit Arms in Scottsdale, Arizona, received similar treatment by Bank of America, the countrys largest banking institution. This seems to be happening with greater frequency and to many more dealers, said Joe Sirochman, owner of American Spirit Arms. At first, it was the bigger guys gun parts manufacturers or high-profile retailers. Now the smaller mom-and-pop shops are being choked out, and they need their cash to buy inventory. Freezing their assets will put them out of business. Choking off access to banks After McMillan Group owner Kelly McMillan publicized Bank of Americas action on his Facebook account, he found that thousands of small gun-shop owners across the country were in the same situation. Banks were either dropping them, freezing their accounts or refusing to process their online sales, so he opened a credit card processing company for the gun industry called McMillan Merchant Solutions. Four generations of my family have been in this industry. For the original version including any supplementary images or video, visit http://www.washingtontimes.com/news/2014/may/18/targeted-gun-sellers-say-high-risk-label-from-feds/