Monday, 29 April 2019

3M cuts 2019 profit outlook on weak China, shares fall 11 percent

Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such as China.


from Reuters: Business News https://reut.rs/2IJ0ucK

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I own a Minneapolis bike shop that shut down for the strike. Closing was a big ask for a small business, but worth it to help my community.

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