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The Latest Breaking News from 3

Stock Market Spins Wheels Ahead Of Earnings Wave; Why Azure Should Worry Microsoft Bulls

The S&P 500 mounted the 200-day moving average Monday and tested that level midday Tuesday.

Investors Business Daily

3M Stock Slumps On Q4 Earnings Miss, Grim 2023 Profit Outlook

"We expect macroeconomic challenges to persist in 2023," said CEO Mike Roman.

The Street

In 3M military earplugs case, attention now moves to mediation in bankruptcy court

The federal judge in Florida presiding over a mountain of earplug lawsuits against 3M has terminated efforts to mediate a settlement.

Tribune News Service

From analysis to the latest developments in health,
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Goldman Sachs thinks the economy will actually pull off a soft landing—but adds the S&P will stay flat for a whole year

A "soft landing" doesn't mean stock market investors should celebrate. Goldman Sachs' chief U.S. equity strategist is warning the S&P 500 will end 2023 at 4,000.

Fortune

Tesla, AMD Make Goldman Sachs List of Stocks for Soft Landing

The list has profitable Russell 3000 companies in a cyclical industry group, with market capitalizations greater than $5 billion.

The Street

Here’s what we’ve already lost, or are about to, from Ford Fiestas to fax machines, as the pandemic and changes in technology have brought in sweeping changes

Daily Mirror

Despite 3M’s phase-out, problem of cleaning up PFAS remains

3M announced in mid-December that it's phasing out a family of harmful chemicals, but they're not going away.

Tribune News Service

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3M to stop making ‘forever chemicals’

Legal experts estimate future PFAS litigation could cost the company more than $30 billion

Salon

Florida judge says 3M acted in 'bad faith' in latest move in military earplugs cases

Saying 3M has engaged in "bad faith manipulation," a federal judge quashed the company's effort to shift responsibility for an avalanche of military earplug lawsuits to a bankrupt subsidiary.

Tribune News Service

Spurred by regulators, 3M to phase out "forever chemicals"

Chemical and consumer products maker 3M will phase out the manufacturing of so-called “forever chemicals” and try to get them out of all their products within two years

The Independent UK

3M to end ‘forever chemicals’ production as pressure builds

Conglomerate to phase out Pfas used in products such as mobile phones and non-stick pans

Financial Times

3M to end manufacture and use of 'forever chemicals' by 2025

MINNEAPOLIS — 3M will stop making the toxic "forever chemicals" known as PFAS by the end of 2025, the Maplewood, Minnesota-based company announced Tuesday.

Tribune News Service

Minnesota tries new technologies to remove 'forever chemicals' from water

The bright blue shipping container stood out in the snow-covered landscape of Tablyn Park in Lake Elmo, Minnesota. Inside, contractors calibrated a machine that state officials hope could help solve a decades-long pollution problem in the east metro area.

Tribune News Service

Biden Administration announces initiative to bring equity to science and technology

A lack of representation—Black, brown, Indigenous, rural, poor, disabled, LGBTQ, and immigrant—has led to persistent and measurable inequities.

Fortune

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Wales Online

One of the biggest factories in Wales is up for sale

US manufacturer 3M is looking for a buyer for its soon-to-close 40-acre site factory in Swansea

Birmingham Post

One of the biggest industrial sites in Wales up for sale

3M has appointed Colliers to market its 40-acre factory site in Swansea

Tribune News Service

3M sees profit more than double, but a strong dollar dampens its outlook

A strong U.S. dollar is creating currency exchange headwinds for 3M, leading the multinational corporation on Tuesday to lower its forecast for the year.

Investors Business Daily

Stock Market Rally Spreads To Small Caps; GM, Coca-Cola, 3M Move On Earnings Reports

The Russell-2000 small-cap index showed robust leadership, jumping 1.8%. The Nasdaq composite nearly matched upside, adding 1.6%.

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Investors Business Daily

Dow Jones Reverses As Coca-Cola, General Motors Report Earnings; Microsoft Earnings Next

The Dow Jones Industrial Average rose Tuesday, as Coca-Cola reported earnings results. Microsoft earnings are due out after the close.

The Street

3M Stock Slides On Lower 2022 Profit Forecast, Mixed Q3 Earnings As Dollar Takes Toll

"We continue to execute our strategies and deliver for our customers in a highly uncertain environment," said CEO Mike Roman.

Benzinga

This Is What Whales Are Betting On 3M

Someone with a lot of money to spend has taken a bearish stance on 3M (NYSE:MMM). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Tribune News Service

Post-it Notes adapt to work-from-home with Microsoft Teams app

Post-it Notes are getting a hybrid-work upgrade with a Microsoft Teams app that lets users digitize handwritten notes by holding them in front of the camera.

Investors Business Daily

Dow Jones Dips As Fed Governor Touts Rate Hikes; Marijuana Stocks Explode On Biden Move; GE Stock Falls

The Dow Jones fell as Fed official Lisa Cook touted rate hikes. Marijuana stocks such as Tilray jumped on a Joe Biden move. GE stock fell.

Benzinga

3M Whale Trades Spotted

Tribune News Service

3M hopes its new powder can help unlock green hydrogen production

A material 3M has been working on for decades could be key to unlocking cost-effective production of green hydrogen, a promising but expensive renewable fuel source.

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