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February 1, 2014
17:12 EDTMMM3M Company invests in Chile's Lixivia
3M, through its New Ventures Business, has invested in Lixivia, a Chilean company that 3M has been working with on an engineering process to increase recuperation of copper sulfurate above levels reached through standard industry applications. Terms of the transaction were not disclosed. “We believe that Lixivia’s innovative technology addresses core issues of mining companies today,” said Stefan Gabriel, president, 3M New Ventures. “This company has the potential to significantly increase miners’ diminished productivity and recover more copper sulfurate, which is a paradigm shift for miners’ operations.”
News For MMM From The Last 14 Days
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May 29, 2015
11:35 EDTMMM3M says sees U.S. slightly better in Q2 than Q1
Says implementation of business transformation, focus on inventory should create more value for shareholders. Says fundamentals now in place.
11:12 EDTMMM3M sees 2013-2017 EPS growth 9%-11%
Sees 2013-2017 gross stock repurchases of $20B-$22B. Regarding its ERP rollout plan, says Europe deployment underway, says U.S. deployment to follow Europe. Sees total project investment of $1.1B-$1.2B, says estimating annual operational savings in range of $500M-$700M by 2020, sees structural working capital improvement of $500M by 2020. Sees 2013-2017 free cash flow conversion about 100%. Sees 2013-2017 EPS growth 9%-11%, organic revenue growth 4%-6%, ROIC about 20%. Comments made by 3M Chairman and CEO Inge Thulin at Bernstein's Annual Strategic Decisions Conference. 3M is down 1.17% to $158.98 in late-morning trading.
May 19, 2015
10:14 EDTMMMHigh option volume stocks
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May 18, 2015
07:19 EDTMMMElectric Products Group to hold a conference
EPG 2015 is being held in Longboat Key, Florida on May 18-20 with webcasted company presentations to begin on May 18 at 7:30 am; not all company presentations may be webcasted. Webcast Link

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