3M Co., whose products range from Scotch tape to dental braces and Ace bandages, is investing in TaKadu, whose water-network monitoring services help utilities curb losses, reduce costs and increase efficiencies.
U.S. stocks slumped for the week, with the Standard & Poor’s 500 Index heading toward its first monthly decline since May, as companies from 3M Co. to DuPont Co. reported disappointing quarterly results and forecasts.
Growth in the world’s largest economy was less than originally estimated in the first quarter as an increase in the U.S. payroll tax took a bigger bite out of consumer spending than previously calculated.
Two Russian-born scientists won the Nobel Prize in Physics for discovering graphene, a one-atom- thick “wonder material” that may transform electronics, allowing for speedier computers and folding touchscreens.
Congress’s top tax-writers usually chat in the Capitol, in offices just steps from the House and Senate floors. Today, Senator Max Baucus and Representative Dave Camp are 1,100 miles away, trying to build public momentum for a tax-code rewrite amid many obstacles back in Washington.
Google Inc. and 3M Co. are among the top patent-holding companies that agreed two years ago to pay higher fees if Congress let the U.S. Patent and Trademark Office use the funds to address a work backlog and improve application scrutiny.
U.S. stocks rose for the week, capping the longest stretch of daily gains since 2004, amid better-than-estimated corporate earnings and economic data as lawmakers voted to temporarily suspend the federal debt limit.
U.S. stocks retreated, giving the Dow Jones Industrial Average its biggest decline since June, amid disappointing results at companies from 3M Co. to DuPont Co. and as commodities erased their gain for the year.
3M Co., the maker of products ranging from Scotch tape to dental braces, said quarterly sales growth in Asia, excluding Japan, rose the most in almost two years, a sign demand is picking up in the region.