News Headline Summary

For US gun names US President Obama says proposes requiring criminal background checks on all gun sales, reinstatement of assault weapons ban and maximum 10 round magazine

- We must shield nations children from harm.

Reaction details:

- Smith & Wesson and Sturm Ruger shares both saw downside pressure following these comments, but have since bounced on the realization that new measures are not particularly strict, last trade at USD 8.54 and USD 48.83 respectively.

Print 16:58, 16 Jan 2013 - US Equities - Source: Newswires