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3M (MMM) Q2 Earnings

3M (MMM) reported second-quarter earnings of $2.58 per share, an increase of 24.0 percent versus the second quarter of 2016. Sales were $7.8 billion, up 1.9 percent year-on-year in dollar terms. Organic local-currency sales increased 3.5 percent while divestitures reduced sales by 1.0 percent. Foreign...

Microsoft’s Amy Hood Added to Board of 3M (MMM)

Amy E. Hood, executive vice president and chief financial officer, Microsoft Corp. (MSFT), has been elected to 3M’s Board of Directors, effective Aug. 13, 2017. Amy E. Hood Elected to 3M Board of Directors 3M (NYSE: MMM) announced today that Amy E. Hood, executive vice...

China Benefiting From Bitcoin Moving Higher

China hosts many of the largest exchanges and basically has cornered the mining of new bitcoins and therefore is benefiting from the recent higher move of bitcoin above $4000. Bitcoin’s Rally Proving a Boon for China Aug.17 — Bitcoin’s record rally is proving a boon...

Fed Readying to Reduce $4.2T Portfolio

The fed minutes of the U.S. central bank’s last policy meeting were released today and it would seem that there is increased concern that inflation is weaker than desired and may delay further interest rate hikes in the near term. The Fed further led us...