Getty Images Key takeaways Runaway energy prices in the U.K. have made the cost of industry prohibitive over the past couple of years. This is of particular note for steel mills which sometimes use ca...
Tag: 3M
3M To Ax 2,500 Manufacturing Jobs Citing Turbulent Macroeconomic Forces
Education Images/Universal Images Group via Getty Images Key takeaways 3M announced poor Q4 results and a weak outlook for 2023 As part of the announcement, 3M announced a layoff of 2,500 workers, mos...
3M Stock Plunges In Response To Lower-Than-Expected Revenue
Education Images/Universal Images Group via Getty Images Key takeaways 3M posted lower-than-expected revenue for the fourth quarter of 2022 The company is cutting approximately 2,500 jobs 3M stock pri...
Tesla, AT&T, Visa, Chevron, Microsoft, and More Stocks to Watch This Week
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Tesla, AT&T, Visa, Chevron, Microsoft, and More Stocks for Investors to Watch This Week
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Facing Litigation And Years-Long Push For Increased Regulation, Conglomerate Ends Production Of PFAS Chemicals
3M factory (Photo by DAVID PINTENS/BELGA/AFP via Getty Images) BELGA/AFP via Getty Images The Environmental Protection Agency describes PFAS, the acronym referring to Per- and Polyfluoroalkyl chemical...
3M Earns Quick Appellate Review of Earplug Unit’s Bankruptcy Shield
A federal appeals court granted 3M Co. ’s request to review a bankruptcy judge’s refusal to stop mass injury lawsuits from proceeding against the conglomerate following the chapter 11 filing of its ea...
Kings & Aristocrats: 5 Retirement Favorites
Cash is king, economic treasure and financial successful retirement conceptual idea with gold metal … [+] crown on pile of 100 dollar bills isolated on white background Getty With the average di...
3M’s Bankruptcy Setback Deepens Earplug Litigation Troubles
3M Co. had good reason to bet that it could use U.S. bankruptcy laws to shield itself from a mountain of personal-injury lawsuits filed over its allegedly defective military earplugs. But after a bank...
Bankruptcy Courts Are Good At Adjudicating Tort Claims
Economists tend to view tort law differently than lawyers—or state attorney generals—and this difference explains both the advent of bankruptcy trusts in adjudicating class action liability claims and...
3M Is Denied Bankruptcy Shield Against Mass Earplug Claims
A bankruptcy judge declined on Friday to shield 3M Co. from continued litigation involving its military earplugs, a setback for the conglomerate’s attempt to shift the mass injury claims to a friendli...
3M Unit Defends Request to Shield Parent From Mass Earplug Lawsuits
Lawyers representing 3M Co. ’s bankrupt Aearo Technologies LLC subsidiary defended its request to a bankruptcy judge to extend a litigation stay to the parent company to resolve mass earplug lawsuits,...
Judge Knocks 3M Bankruptcy Strategy for Military Earplug Lawsuits
A federal judge criticized 3M Co. ’s attempt to use the protections of chapter 11 to resolve mass injury claims by U.S. military veterans, but will allow a bankruptcy court to decide whether to shield...
3M Commits $1 Billion For Military Members Who Claim Earplugs Were Faulty
Topline Facing mounting legal trouble, manufacturing giant 3M unveiled plans Tuesday to commit $1 billion to a trust to resolve roughly 235,000 lawsuits from United States service members who allege t...
3M Earplugs Fight Stems From Self-Made Legal Battle
A long-running legal battle over allegedly defective earplugs made by 3M arose after the company initiated a separate dispute against a smaller competitor, court documents showed. 3M’s effort to prote...
Uplifting Individuality Is Musician Taylor Bennett’s Pride And Joy
Taylor Bennett Courtesy of Shore Fire/Taylor Bennett Taylor Bennett not only talks about uplifting individuality, he lives by it. The 26-year-old music artist, who happens to be the younger brother of...
Robots Pick Up More Work at Busy Factories
Robots are turning up on more factory floors and assembly lines as companies struggle to hire enough workers to fill rising orders. Orders for workplace robots in the U.S. increased by a record 40% du...
3M’s Next Problem For Investors Could Be The Dividend.
Text size 3M’s CEO says the dividend is a high priority for the company. Chona Kasinger/Bloomberg 3M investors have had to endure a lot lately, with a slowing economy, rising inflation, and toug...