Investors send 3M to historic high

  • Article by: DEE DePASS , Star Tribune
  • Updated: January 24, 2013 - 9:04 PM

Sales in Asia rose smartly, helping to boost profit. Wall Street responded, with the share price topping out just shy of $100.

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pitythefoolsJan. 24, 1312:57 PM

I wonder what the average non-executive wage increase was at 3M in 2012, and how much more benefits cost employees.

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g5thistimeJan. 24, 13 3:21 PM

As a 3M stockholder this is not a stock all time high. Historically the stock splits around 120.00/share and splits on average every seven years.

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guitarmnJan. 24, 13 3:29 PM

3M? I didn't know they would stay in a high tax anti business state. Hmm.. Must be the high quality workforce and high standard of living.

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cman2500Jan. 24, 13 7:18 PM

3M is eliminating 300 jobs as it merges its securities systems division with its traffic safety systems division.How nice

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callmeronJan. 25, 1311:27 AM

Investors did NOT send 3M to an all-time high, the Federal Reserve did. The Federal Reserve has printed in excess of $2 TRILLION since Obama became President and used that money to flood the capital markets to inflate stock market values. Currently, the Fed is printing $45 BILLION per month, every month, to inflate stock values. This is an increase from the $40 billion they were printing late last year. Read for yourself: "Chairman Ben S. Bernanke is increasingly aiming for gains in stock prices as the Federal Reserve reaches for new tools to spur the three-year recovery and reduce unemployment stuck above 8 percent. Bernanke, setting the stage for a third round of quantitative easing in an Aug. 31 speech in Jackson Hole, Wyoming, said the strategy works in part by boosting the prices of assets such as equities." Source: Bernanke Seeks Gains for Stocks in Push for Jobs: Economy, Bloomberg.com, Oct 2, 2012.

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