How a business that looked so good turned so bad for 3M
Earplugs for military use were a small business at company 3M bought in 2008. Today, that business is costing 3M billions.
Source: startribune.com
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3M Q2 Earnings: Re-Rating Likely As Litigation Uncertainty Fades, Markets Recover (MMM)
3M should benefit from favorable trends in certain end-markets and pricing actions. MMM is trading at an attractive valuation.
Source: seekingalpha.com
With earplug MDL 'broken beyond repair,' 3M tries bankruptcy court
INDIANAPOLIS (Legal Newsline) - Besieged by litigation that has already cost it multiples of the $31 million in revenue it earned selling protective earplugs to the U.S. military, 3M placed its Aearo unit in Chapter 11 bankruptcy to try to halt a legal process it described as a “a perfect storm no reasonable settlement could solve.”
Source: legalnewsline.com
GE, 3M Help Stabilize Losses in Industrial ETFs
General Electric Company (NYSE: GE) and 3M (NYSE: MMM) rallied on Tuesday, paring losses in industrial sector-related exchange traded funds.
Source: etftrends.com
3M is Spinning Off Its Healthcare Unit
You never know if a spinoff is going to end up a success like Law & Order: Special Victims Unit, Frasier, and Better Call Saul or a trivia...
Source: fool.com