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News updates from April 5: US jobs growth outstrips forecasts in March; Thames Water parent company defaults on debt
Spin-offs from corporate icons GE and 3M have mixed first- week performance
...the separation of its healthcare unit, now trading as a separate company called Solventum....
April 5, 2024
Executive Pay
Ex-Smiths chief set for pay bump after quitting UK conglomerate for smaller US group
...Keel, a former 3M and General Electric executive, joined London-headquartered Smiths in May 2021....
April 22, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
News updates from October 24: Alphabet’s cloud unit misses on sales, UK unemployment rises to 4.2%
3M upgrades full-year profit forecast
...Post-it maker 3M raised its profit forecast as cost-cutting measures and higher prices boosted earnings, even as demand slowed....
October 24, 2023
LexUS & Canadian companies
3M/Aearo: high rates prompt farewell to arms from tort claimants Premium content
...However 3M will separate its healthcare products business....
August 29, 2023
News updates from August 29: 3M settles earplug lawsuit, Bitcoin soars on Grayscale ETF court ruling
3M settles earplug lawsuit for $6bn
...But in June a US federal judge dismissed the bankruptcy of a 3M subsidiary, prompting the company to seek an alternative strategy to handle the litigation. Read more on 3M here...
August 29, 2023
News updates from April 2: Biden speaks with Xi, Fed’s Mester raises long-term rate outlook
US health insurers plunge on disappointment with Medicare Advantage rate
...Others in the sector were down more than 3 per cent, including Solventum, the healthcare group that was spun out from 3M earlier this week....
April 2, 2024
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
3M Co
3M agrees historic $6bn settlement over combat earplug lawsuits
...The combat earplugs at the centre of the litigation were made by Aearo Technologies, a company 3M acquired in 2008 for $1.2bn....
August 29, 2023
News updates from August 28: Goldman to sell wealth advisory unit, Eurozone money supply shrinks
3M shares rise on reports of $6bn earplugs settlement
...But in June a US federal judge dismissed the bankruptcy of a 3M subsidiary, prompting the company to seek an alternative strategy to handle the litigation....
August 28, 2023
Anjana Ahuja
The battle against forever chemicals should not become a forever war
...Thousands of US lawsuits targeting major chemical companies have been filed and agencies globally are tightening regulation....
March 6, 2024
LexBelieve
French music label Believe’s buyout will leave some fans unhappy Premium content
...With 1.3m artists signed, Believe is in effect a bet on the structural shift to streaming and artist control....
February 12, 2024
FT live news
News updates from August 29: 3M settles earplug lawsuit, Bitcoin soars on Grayscale ETF court ruling
Live news updates from June 22: Titan submersible passengers die in implosion, BoE lifts interest rate to 5%
3M agrees to pay more than $10bn to settle ‘forever chemicals’ lawsuits
...The company did not admit any liability. 3M said in December it would stop making PFAS by the end of 2025....
June 22, 2023
News updates from June 23: Wagner chief calls for attack on Russian army, Moody’s warns of private credit market challenges
3M agrees to pay more than $10bn to settle ‘forever chemicals’ lawsuits
...The company did not admit any liability....
June 22, 2023
3M Co
Court blocks 3M strategy to halt earplug lawsuits through bankruptcy
...selling Post-it notes and Scotch tape, said Aearo is assessing whether to appeal. 3M is the latest in a succession of companies including Johnson & Johnson and the Koch Industries to use the bankruptcy...
June 9, 2023
Live news updates from June 9: Trump charged with 37 counts, Boris Johnson to stand down from parliament
Judge rules 3M cannot use bankruptcy courts to limit liabilities in earplugs litigation
...A federal judge has dismissed 3M’s attempt to use bankruptcy courts to manage 230,000 personal injury claims made against it by US soldiers claiming the company sold faulty earplugs that damaged their hearing...
June 9, 2023
FT Live
Innovative Lawyers Summit
Guiding business in a new global age
Wednesday, 11 SeptemberLondon, UK
Live news updates from April 25: Biden launches re-election bid, First Republic sell-off causes alarm in DC
3M to cut additional 6,000 jobs globally
...The Minnesota-based company said on Tuesday it expected to take pre-tax charges of $700mn to $900mn, including those actions announced earlier this year, and that about half of those charges would come in...
April 25, 2023
News in-depthMoral Money3 min
US lawyers keep up their attacks on big chemical companies | FT Moral Money
...For example, amid mounting litigation costs US conglomerate 3M in December said it would stop making forever chemicals, which can remain in people's bodies for a lifetime, by the end of 2025....
November 6, 2023
Special ReportNorth America Innovative Lawyers
Top legal practitioners who lead in their fields
...Tobey is adviser to many Fortune 500 companies including CVS, 3M and Eli Lilly, and regularly speaks to a range of organisations on the risks and benefits of AI....
December 5, 2023
Chemicals
Investors raise pressure over ‘forever chemicals’ amid growing litigation
...Late last year, 3M announced it would halt PFAS production by 2025, and then agreed to pay up to $12.5bn to settle claims over polluted drinking water in the US....
November 14, 2023
News updates from October 24: Alphabet’s cloud unit misses on sales, UK unemployment rises to 4.2%
What to watch in North America today
...Other earnings: Coca-Cola, Verizon, General Electric, RTX, 3M, General Motors, Kimberly-Clark, Spotify and Halliburton will report before the bell....
October 24, 2023
FirstFT
FirstFT: Israel suffers deadliest day of the war
...Companies: 3M, General Electric, Halliburton, Johnson & Johnson, Netflix and Procter & Gamble report earnings today....
January 23, 2024
3M Co
Top 3M shareholder fires warning shot at chief executive
...Flossbach von Storch, the eighth largest investor in the group, warned 3M boss Mike Roman that it is “increasingly concerned” about the operational running of the company and its “competitive position” against...
February 2, 2023
FT Magazine
Why are fake plants suddenly everywhere?
...Company accounts can be just as much a sham as your fake begonia. Both feign organic growth....
April 19, 2024
Energy sector
Anything can be a PFASt-growing industry
...There has been plenty of litigation already against the biggest manufacturers of PFAS, notably 3M, DuPont and Chemours. and Corteva....
January 24, 2024
The Week Ahead
Round two for US Republican voters
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
January 21, 2024

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