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3M caps tumultuous 2023 with a profit rebound

After a year of layoffs, legal settlements, restructuring and setbacks, 3M ended 2023 on an upswing. "When I look at the fourth quarter, it's a culmination of a year where we took significant steps to improve our operational performance," said Monish Patolawala, 3M president and chief financial officer. The Maplewood-based company beat Wall Street expectations and last year's results with a ...
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Source: yahoo.com

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Thousands of veterans and service members are being compensated for defective earplugs. Here's why

3M recently started sending out payments to veterans and service members tied to a $6 billion settlement the company agreed to last year. According to CNN, the manufacturing company was accused of providing faulty earplugs to the U.S. military between 2003 and 2015. Around 300,000 lawsuits were ultimately filed by both veterans and service members about the earplugs, which argued that the defective earplugs caused hearing loss and tinnitus.
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Source: yahoo.com

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