Keyword: cerberus
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If you watched Donald Trump's cabinet meeting on Wednesday, you may have seen Secretary of Agriculture Brooke Rollins hold up a photo of the Maude family of South Dakota. I'd heard a little bit about the fifth-generation ranching family before that, but I decided to learn more because I couldn't believe the story Rollins told about how the Joe Biden administration treated them. It's unbelievable. Or maybe it's not, given all we're learning about the last four years. ... Trump Admin is reversing Biden-era failures in 100 days! The U.S. Gov has dropped charges against the Maude family, victims of...
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Cerberus (Greek: Κέρβερος/Kérberos) was the multi-headed guard dog of Hades, the Underworld in ancient Greek mythology. The hound’s task was to guard the entrance to the Underworld and keep the living separated from the dead. The fearsome hound’s description varies according to different myths, but he is usually described as possessing three heads, a tail in the guise of a serpent, and snakes protruding from various parts of his body. The most famous myth in which Cerberus appears is the Twelfth Labor of Heracles (Latin: Hercules). Various fragments of ancient Greek pottery depicting Cerberus and Heracles have survived as well...
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The marital hat trick was set in motion after the husband-to-be met one of the triplets, Natalie, and quickly fell head over heels with her. However, things took a turn after he visited his budding soulmate and she introduced him to her twin sisters, Nadege and Natasha, who became equally smitten with their sibling’s new squeeze. “My parents don’t understand what I’m doing,” lamented the polygamist, who went ahead with the bridal triple-header without their blessing. He added that they didn’t even attend the ceremony.
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Soaring demand for guns and ammunition comes from a range of demographic groups Just two companies, Vista Outdoor and Olin Corp, meet the bulk of America’s demand for ammunition, and chiefly through two long-established brands. Remington, part of Vista, was founded in 1816, and Winchester Ammunition, owned by Olin Corp, started in 1866. Because of soaring demand for bullets, both firms are enjoying the sort of heady growth that only new businesses usually enjoy. Three times a day, queues of pick-up trucks appear outside Remington’s ammunition plant on the outskirts of Little Rock, Arkansas, to bear away the fruits of...
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Staple Street owns Dominion and is a relatively small private equity company, who has not raised capital or had substantial new investors since 2014/2015 of about $200 million. But now after a rushed Delaware Corp., filing October 5, 2020, Staple notified U.S. SEC 10/08/20 they’re expecting $800 million minimum. Yet Staple Street’s website is suddenly shut down, except for the base page.Staple Street Capital is a private equity firm founded in 2009 based in New York. The co-founders Stephen D. Owens and Hootan Yaghoobzadeh are veterans of The Carlyle Group and Cerberus Capital Management, also the Board members of Dominion...
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A contractor who was working at a Florida airport opened up a container to find a live missile. The shocking find happened on Friday afternoon at Lakeland Linder International Airport east of Tampa. It's not known how the missile arrived at the airport which is mainly used for private jets and no longer for any kind of military use.
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Remington Arms, America’s oldest gun maker, is preparing to file for Chapter 11 bankruptcy protection and is in advanced talks for a potential sale to the Navajo Nation, The Wall Street Journal reported on Friday. Remington is making preparations for the Native American tribe to serve as the lead bidder to purchase its assets out of Chapter 11, the Journal reported here, citing people familiar with the matter. The report added that the filing could come with in days. Remington had previously filed for bankruptcy protection in March 2018.
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DynCorp International, the private military contractor, said on Monday it has agreed to sell itself to Cerberus Capital Management for $1.5 billion, as the private equity industry continues to return to its core business of deal-making. Cerberus will pay $17.55 a share for DynCorp, a 49 percent premium to Friday’s closing price of $11.75. DynCorp now has 28 days under a “go-shop” provision within the deal agreement to find a higher and better offer. While DynCorp has continued to win new contracts from the federal government, it has also been the subject of controversy over the years for its assignments...
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Dan Love .. led Operation Cerberus ... Sen. Mike Lee, R-Utah, wants to rein in the law enforcement authority of the Bureau of Land Management and U.S. Forest Service and is crafting legislation he says will either restrict or abolish their authority. Lee said Monday he aims to hem in powers he says were never envisioned under the Federal Land Management Policy Act of 1976. "Our federal land management agencies have drifted far from their intended purposes.. The BLM has expanded its operations far from public lands." ... The senator added federal land agencies exercise police powers on private land...
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Dogs played a special role in ancient Greek society and mythology; Cerberus guarded the gates of Hades, the goddess Artemis used dogs in her hunt, and Greek citizens employed dogs for hunting and protection. To the ancient Greeks, picking your new pup was an important decision, just as it is today. But, according to Stanford University researcher Adrienne Mayor, writing for Wonders & Marvels, the process could have been just a little bit different. Like moderns, the ancients looked for an adventurous and friendly nature, but one test for selecting the pick of the litter seems rather heartless today. Let...
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President Trump plans to assign a New York billionaire to lead a broad review of American intelligence agencies, according to administration officials, an effort that members of the intelligence community fear could curtail their independence and reduce the flow of information that contradicts the president’s worldview. The possible role for Stephen A. Feinberg, a co-founder of Cerberus Capital Management, has met fierce resistance among intelligence officials already on edge because of the criticism the intelligence community has received from Mr. Trump during the campaign and since he became president. On Wednesday, Mr. Trump blamed leaks from the intelligence community for...
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AN EXCLUSION zone has been set up around the Cerberus naval base on the Mornington Peninsula after potentially explosive materials were found in accommodation. A 400m radius around the Crib Point has been shut off after the discovery in a residential unit. Police bomb response officers and arson detectives are at the scene. A Defence member who lives in the unit at the centre of the drama has been arrested. Victoria Police would not specify the materials found in the unit. A Defence statement said: “A routine inspection this morning of on-base accommodation in HMAS Cerberus has resulted in hazardous...
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(Reuters) - Private equity mogul Stephen Feinberg is exploring a bid for Freedom Group, the Bushmaster rifle manufacturer that his firm, Cerberus Capital Management LP, put up for sale after one of its guns was used in a Connecticut school shooting late last year, three people familiar with the situation said on Tuesday. Feinberg, along with other senior Cerberus partners, is putting together a consortium to make a "stalking horse" offer, or the floor bid, for Freedom Group, the sources said. Feinberg has approached other wealthy individuals to join his group, the people said, who declined to be named because...
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Following pressure from a major investor, U.S. private equity firm Cerberus Capital Management is selling gunmaker Freedom Group, whose Bushmaster AR-15 rifle was used in the Connecticut school massacre last week. The California State Teachers' Retirement System (CalSTRS) said on Monday it was reviewing its investment with Cerberus in the wake of Friday's shooting, in which a gunman killed 20 children and six adults at Sandy Hook Elementary School and then took his own life. Before going to the school, the gunman, Adam Lanza, 20, shot dead his mother in the home they shared, according to law enforcement officials. In...
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U.S. private equity firm Cerberus Capital Management said on Tuesday it will immediately begin selling its investment in gunmaker Freedom Group in light of last week's school shooting in Connecticut. Cerberus acquired Bushmaster in 2006 and later merged it with other gun companies to create Freedom Group, which reported net sales of $677.3 million for the nine months ending September 2012, up from $564.6 million in the same period a year ago. Bushmaster is the manufacturer of the AR 15 rifle used by the shooter in the Newtown killings that claimed 27 lives, including 20 school children. "We do not...
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An investment made by the California teachers pension fund is coming under scrutiny because of its link to the manufacturer of the assault rifle used in the Connecticut elementary school massacre. The fund pledged to invest $500 million in the private equity firm Cerberus, owner of the gun-making conglomerate known as the Freedom Group. One of the group's manufacturers is Bushmaster, which produced the rifle officials say was used to kill 20 schoolchildren and six adults in a Newtown, Conn., school Friday.
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Scarborough, Maine -- [...] In recent years, many top-selling brands - including the 195-year-old Remington Arms, as well as Bushmaster Firearms and DPMS, leading makers of military-style semiautomatics - have quietly passed into the hands of a single private company. It is called the Freedom Group - and it is the most powerful and mysterious force in the U.S. commercial gun industry today. Never heard of it? You're not alone. Even within gun circles, the Freedom Group is something of an enigma. Its rise has been so swift that it has become the subject of wild speculation and grassy-knoll conspiracy...
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Reports that a mysterious company has been buying up U.S. gun manufacturers have been popping up on the internet for several months. When we first learned of the possibility that a single company was rapidly acquiring companies like Bushmaster, Remington, and Marlin Firearms we immediately suspected that something was amiss. Apparently, we were not alone, because others were thinking the same thing. One rumor that popped up was that global financier George Soros, historically an anti-gun advocate, was behind the moves, and that he was positioning the gun industry to reduce pro-gun lobbying efforts. This prompted the National Rifle Association...
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Randy Luth was surprised to learn in 2006 that Cerberus Capital Management wanted to buy his St. Cloud (Minn.) business. What would Manhattan financiers known for investing in distressed debt and troubled companies want with DPMS Firearms, a manufacturer of semiautomatic rifles?Cerberus had more than DPMS in its sights. From April 2006 to January 2008 it bought three other firearms companies: Bushmaster, Remington, and Marlin. And it kept adding to its collection. Cerberus now controls 13 brands in a holding company it created, Madison (N.C.)-based Freedom Group. With sales of $848.7 million in 2009, Freedom Group is the largest gun...
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After a big flop with Chrysler, Cerberus finally has a winner on its hands. Even better, right-wing gun nuts have another shot at profits. I can’t wait. Baltimore – I live in a neighborhood where guns are common. I like it that way. Last night, the lady of the house and I decided to enjoy what may be one of the last warm evenings of the year on the East Coast by taking a short hike along the river that flows just two miles from our front door. While meandering along the water and dodging groundhog holes, we heard the...
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