Latest 3M Co News

3M fires company executive for inappropriate conduct weeks after promotion

May. 15, 2023 14:14 PM EDT

WASHINGTON (AP) — 3M has fired prominent company executive Michael Vale due to “inappropriate personal conduct and violation of company policy,” the maker of Post-it notes, industrial coatings and ceramics announced on Monday. Vale was promoted to group president and chief...

How will we know if the US economy is in a recession?

Apr. 27, 2023 09:13 AM EDT

WASHINGTON (AP) — The government’s report Thursday that the economy grew at a 1.1% annual rate last quarter signaled that one of the most-anticipated recessions in recent U.S. history has yet to arrive. Many economists, though, still expect a recession to hit as soon as the current April-June...

3M: Q1 Earnings Snapshot

Apr. 25, 2023 06:46 AM EDT

ST PAUL, Minn. (AP) — ST PAUL, Minn. (AP) — 3M Co. (MMM) on Tuesday reported first-quarter profit of $976 million. On a per-share basis, the St Paul, Minnesota-based company said it had profit of $1.76. Earnings, adjusted for non-recurring costs, were $1.97 per share. ...

Maine sues manufacturers over forever chemical contamination

Mar. 29, 2023 17:33 PM EDT

PORLTLAND, Maine (AP) — Maine’s attorney general is suing manufacturers of so-called forever chemicals that have contaminated farms and wells, contending they knew about the toxicity decades ago but concealed the information from the public. Two lawsuits targeting DuPont, 3M and...