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Stock Market & Financial Investment News

News Breaks
January 7, 2014
10:03 EDTMMM3M Petrifilm Rapid Yeast and Mold Plate receives AOAC-PTM approval
3M Food Safety announced today that its new 3M Petrifilm Rapid Yeast and Mold Count Plate has received certification from the AOAC Research Instituteís Performance Tested Methods, or PTM, Program. The 3M Petrifilm Rapid Yeast and Mold Plate was first introduced in September 2013 as an indicator test that enables the detection of yeasts and molds in as little as 48 hours, faster than conventional agar methods. The AOAC-PTM certification validates 3Mís innovative test as equivalent to or better than standard reference methods for enumerating yeast and mold within food products including yogurt, sour cream, almonds, sliced apples, frozen bread dough, ready-made pie, sandwiches, dehydrated soup, fermented salami, and frozen ground beef patties. The AOAC Research Institute bases certification of methods on independent study results demonstrating that a given method meets the claims expressed in package inserts. Specific studies performed as part of this certification involved robustness, inclusivity/exclusivity, and lot-to-lot/stability as well as comparison tests with FDA BAM and ISO reference methods.
News For MMM From The Last 14 Days
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December 17, 2014
08:42 EDTMMM3M Company price target raised to $190 from $164 at BofA/Merrill
BofA/Merrill raised 3M Company price target to $190 following the better than expected dividend raise, rising margins, and incremental M&A in 2015-16. Shares are Buy rated.
December 16, 2014
08:52 EDTMMM3M Company says on track to deliver 2013-2017 financial objectives
Says will increase R&D investment, productivity. Says healthcare business is fastest-growing business unit. Comments taken from 3M Company's 2015 Outlook Meeting.
07:39 EDTMMM3M Company says adjusting 2013-2017 share buyback plan to $20B-$22B
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06:10 EDTMMM3M Company raises Q1 dividend by 20% to $1.03 per share
The board of 3M declared a dividend on the companyís common stock of $1.03 per share for the Q1, a 20% increase over the quarterly dividend paid in 2014. The dividend is payable Mar. 12, 2015, to shareholders of record at the close of business on Feb. 13, 2015.
06:08 EDTMMM3M Company backs long-term EPS objective of up 9%-11% per year
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06:06 EDTMMM3M Company sees FY15 EPS $8.00-$8.30, consensus $8.20
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December 15, 2014
08:31 EDTMMM3M Company to sell Static Control business to Desco Industries
3M announced that it has signed an agreement with Desco Industries for Desco to purchase the assets of 3Mís global Static Control business. 3M's Static Control business is a provider of products and solutions that help prevent, detect, and protect against Electrostatic Discharge events. The transaction is expected to close during the first quarter of 2015 after the successful completion of Descoís financing and is subject to customary closing conditions. Terms of the transaction were not disclosed. 3Mís Static Control business has annual global sales of about $45M. The business employs approximately 150 people worldwide, with manufacturing operations in Sanford, N.C. Substantially all of these employees are expected to transfer to Desco.
December 11, 2014
08:29 EDTMMM3M Company December volatility elevated into 2015 Outlook Meeting
3M Company December call option implied volatility is at 22, January and April is at 17; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into its 2015 Outlook Meeting on December 16.
06:55 EDTMMM3M Company to host 2015 outlook meeting
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December 10, 2014
09:02 EDTMMM3M Company, Whitepeaks Dental Solutions settle dental ceramics coloring suit
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