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Stock Market & Financial Investment News

News Breaks
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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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 company’s 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 3M’s 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 Desco’s financing and is subject to customary closing conditions. Terms of the transaction were not disclosed. 3M’s 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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