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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
3M Co
3M to cut 2,500 manufacturing jobs as consumer demand slows
...manufacturing roles....
January 24, 2023
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
3M Co
Top 3M shareholder fires warning shot at chief executive
...The Minnesota-based company said last year it was aiming to spin off its healthcare unit and put one of its subsidiaries into bankruptcy, following legal claims over allegedly faulty earplugs. 3M also said...
February 2, 2023
Lex3M Co
3M: industrial titan is defined by its mounting legacy liabilities Premium content
...The Minnesota-based company on Tuesday said it would stop manufacturing “forever chemicals” known by the “Pfas” abbreviation....
December 21, 2022
Environment
3M to end ‘forever chemicals’ production as pressure builds
...Minnesota-based 3M faces billions of dollars in lawsuits from individuals and states alleging that Pfas contained in its products has contaminated rivers and caused health problems including cancer....
December 20, 2022
FirstFT
FirstFT: Hamas releases two more hostages
...Its exports and manufacturing output are in decline, inflation is suppressing consumer demand and the construction industry is reeling from high interest rates....
October 24, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
3M Co
3M earplugs unit files for bankruptcy amid lawsuits from military veterans
...Founded as the Minnesota Mining and Manufacturing Company in 1902, 3M has long touted the advantages of sharing scientific expertise between its diverse divisions....
July 26, 2022
Coronavirus
White House tried to force 3M to send masks from Singapore to US
...Earlier in the day, Peter Navarro, the White House adviser on trade and manufacturing, had hinted at the rising tensions with the company....
April 3, 2020
Mining
Adriatic Metals launches share sale to fund Bosnia’s biggest FDI
...Paul Cronin, Adriatic’s chief executive, also intends to sell 3m shares if demand is strong enough....
October 12, 2021
ExplainerMarket Questions
Will US consumer price inflation hit another 40-year high?
...However, she thinks “there should have been some rebound in mining and quarrying and utilities”, and construction output “may have recovered partially after its October fall”....
January 9, 2022
Derek Chauvin
How Minnesota prosecutors won a difficult victory in Chauvin trial
...Blackwell, a founder of the Minnesota Association of Black Lawyers, counts manufacturing company 3M as a client and won a posthumous pardon for a black man in a century-old Minnesota rape case....
April 21, 2021
Energy crisis
China orders coal miners to boost output to counter energy crunch
...The country’s top coal producing province of Shanxi told 98 mines to raise output capacity by 55.3m tonnes annually, Reuters reported....
October 8, 2021
Supply chains
‘The global supply chain was not built for this’: freight delays hammer US
...Across the country, the port at Savannah, Georgia moved 5.3m containers for the 12 months ending June 30, a record for the port and 20 per cent more than the previous fiscal year....
August 1, 2021
US employment
US job growth slows sharply in November
...Mining, trade, and public and private education saw little change....
December 3, 2021
How to Lead
A CEO’s challenge to meet stratospheric demand
...The former Minnesota Mining and Manufacturing company, founded in 1902 to excavate a mineral used in sandpaper, now spans industries from pet care to car safety, even if it remains best known for its Post-it...
December 20, 2020
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
Watches & Jewellery
Myanmar sanctions take the shine off Burmese rubies
...“For centuries, rough Burmese rubies were smuggled into Thailand and cut and sold as ‘Thai rubies’ on the international market,” says Jayce Wong, creative director of Artisan Atelier, a UK jewellery manufacturing...
April 10, 2021
The Week Ahead
US tech and UK banks head earnings bonanza, Fed rate meeting
...Non-manufacturing PMI data, also out on Friday and which leapt to 56.3 in March, will indicate the role of China’s services sector in the recovery....
April 25, 2021
The Big Read
Lex in depth: a solid case for the next generation of batteries
...It is an abundant resource but the ability of companies to refine it for battery manufacturing is limited. Substitutes are scarce. Building new lithium mining facilities can take up to 10 years....
April 7, 2021
Coronavirus
Trump reaches respirator mask deal with 3M
...None of the masks will be coming from 3M’s other manufacturing facilities around the world, including Europe....
April 7, 2020
Coal
Trump campaign for US coal undermined by industry slump
...The number of coal mining jobs dropped 12 per cent to 43,800 in April, the US labour department reported. The financial picture is darkening in coal districts of Kentucky, West Virginia and Wyoming....
May 18, 2020
3M Co
3M cuts 1500 jobs after hit in Asia and sector weakness
...The Minnesota-based company unveiled plans for an overhaul that will see it consolidate its manufacturing, supply chain and customer operations....
January 28, 2020
Companies
Prospering in the pandemic: 2020’s top 100 companies
...Zijin Mining Sector: MINING / HQ: LONGYAN, CHINA Rising copper and gold prices have improved the fortunes of China’s Zijin Mining....
January 1, 2021
General Motors Co
Trump invokes federal law to compel GM to make ventilators
...Ford is working with Minnesota manufacturer 3M and GE Healthcare on efforts to build a modified respirator and a modified ventilator, the latter of which would need fast-tracked approval from the federal...
March 27, 2020
Coronavirus
US official hits out at hoarding of coronavirus medical supplies
...Mike Pence, the US vice-president leading the federal government's response, was on Thursday travelling to Minnesota to visit 3M, one of the biggest manufacturers of protective medical gear, and Washington...
March 5, 2020
Inside BusinessHenry Foy
Russia’s oligarchs expected to dig deep during the crisis
...It employs 30,000 people in Cherepovets and says it will soon begin manufacturing respirator masks for local residents....
April 22, 2020

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