Gun World co-owner Joseph Ferrero is telling customers it’s their last chance to buy some semiautomatic handguns including a .40-caliber Smith & Wesson M&P or a 9 mm Ruger LC9 because “California has effectively banned” them.
U.S. mortgage rates for 30-year loans fell for a fifth week as stock market volatility and weaker- than-expected economic reports drove investors to the safety of the government bonds that guide borrowing costs.
Spot crude from Alberta strengthened against the U.S. benchmark West Texas Intermediate oil as California, the third-largest oil-refining state in the U.S., takes a record volume of oil from Canada by rail.
Broadcom Corp., a maker of communications chips used by Apple Inc. and Samsung Electronics Co., reported fourth-quarter revenue and profit that topped estimates, buoyed by sales of chips for phone networks.
As Federal Reserve Chairman Ben S. Bernanke shuts the door to his office for a final time in two days, he can say he took actions that were the first or the biggest of their kind in the central bank’s 100-year history. Some will probably also be the last.