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US gunmaker Remington files for bankruptcy

WASHINGTON: Remington Outdoor, one of the largest US makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control. The company’s chief…

Mobile carrier Aircel files for bankruptcy

MUMBAI: Indian mobile carrier Aircel Ltd has filed for bankruptcy, it said on Wednesday, pressured by a high debt pile and mounting losses following a price war triggered by a telecom upstart. Talks between Aircel, 74 percent owned by…