AP News

News Summary: 3M cuts full-year outlook

SLUGGISH ECONOMY: 3M cut its profit projections for this year because of weak economic growth, including in China and Europe. Revenue for the year will be roughly flat.

3Q RESULTS: Matched analyst expectations. 3M said it will lay out 2013 expectations in December.

WHY IT MATTERS: 3M makes everything from Post-it notes and Scotch tape to roofing granules, coatings for LCD screens, and traffic sign coatings. The variety of its businesses and its worldwide footprint make it an economic bellwether.

The Good Business Issue
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