Sturm, Ruger and Company reported a major drop in sales and demand for its products in its third-quarter filing with the Securities and Exchange Commission after the market closed yesterday. Profits for the industry giant plunged 76.3 percent, from $28.6 million this time last year to $6.8 million for the past three months. Firearm sales …

Smith & Wesson Holding Corporation has agreed to pay $2 million on July 28 after the Securities and Exchange Commission accused the company of offering international clients bribes in exchange for law enforcement and military contacts. According to the SEC’s order, Smith & Wesson violated the Foreign Corrupt Practices Act when its international sales staff …