3M beats 2Q expectations despite lower sales
The Maplewood-based maker of Post-it and Scotch Tape products posted an unexpected decline in second-quarter sales, but still topped Wall Street projections by a penny. Net sales were down 1.9 percent.
The Maplewood-based maker of Post-it and Scotch Tape products posted an unexpected decline in second-quarter sales, but still topped Wall Street projections by a penny. Net sales were down 1.9 percent.
The crash was reported around 6:15 a.m. Wednesday.
One of the suspects reportedly displayed a weapon.
The purchase includes seven Lucky's 13 Pubs.
Collectively, they're charged with 46 counts of felony theft.
In Minnesota, the economic cost due to smoking is $2.519 million with 5,910 deaths per year attributed to smoking.
The 25-year-old has been charged with second-degree murder and first-degree arson.
A vehicle owner complains about the tightly-packed impound lot following the weekend's snow.
The latest update from the state health department.
Arradondo was one of six finalists for the job.
The bar hosted 20-30 people on Dec. 4, 2020, charges say.
The 21-year-old claimed the vest keeps him warm, according to police.
It's an increase of approximately 16%.
St. Paul-based 3M exceeded Wall Street expectations in the first quarter. The company's transportation and industrial products section made up for a softened consumer electronics market. Profits rose more than 4 percent with sales hitting $7.5 billion.
The Austin-based food maker says strong demand for its Jennie-O products and Spam helped boost sales in the quarter that ended in April.
3M Co. still wants to complete a $550 million deal to buy Avery Dennison Corp.'s office-products division, according to a Wednesday morning statement. On Tuesday, the U.S. Department of Justice said the Maplewood-based company decided to terminate the proposed acquisition after the agency threatened to block the deal.
Medina-based Polaris Industries Inc. reported a record second quarter net income of $69.8 million or $0.98 per share, Wall Street Journal reports. The better-than-expected results were driven by double-digit sales growth in all types of vehicles, led by its on-road motorcycles.
Both 3M and Cogent deny any wrong doing, but have agreed to pay $1.9 million to shareholders and their attorneys. Bloomberg reports the investors claim Cogent CEO Ming Hsieh favored 3M to collect a retention bonus. The Maplewood-based company paid about $943 million in 2010 for Cogent.
From social media to thwarting crime and terrorism, facial recognition technology is becoming a big business and one Minnesota company is looking to cash in. A couple years ago, Maplewood-based 3M acquired the California company Cogent, which develops a variety of identification systems, for nearly $1 billion. 3M Cogent marketing director Teresa Wu tells the Star Tribune, "The next step in applications will be face-in-the-crowd -- identifying people at long distance."
3M Co. posted a record third-quarter earnings of $1.65 per share, an increase of 8.6 percent increase from a year earlier, but cut its profit expectations for all of 2012 because of "current economic realities." The Maplewood-based company, which makes everything from office supplies to specialized coatings, expects to earn $6.27 to $6.35 per share for the year, down from $6.35 to $6.50, CNBC reports.
3M is expanding its sustainable energy footprint with its new photovoltaic film manufacturing plant in Missouri. The Maplewood-based conglomerate says the film cuts manufacturing time and replaces the need for the heavy glass used in rooftop solar modules. The Star Tribune also reports the project will lower costs for U.S.-based makers of solar panels.
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