3M (MMM) shares are on the rise after the company named William Brown, the former Chairman and Chief Executive Officer of L3Harris Technologies, as its new CEO. He replaces Michael Roman, who will become the Executive Chairman of 3M's board. The changes will go into effect on May 1. It comes at a time when the materials company is battling lawsuits related to "forever chemicals" and is preparing to spin off its healthcare unit. Yahoo Finance's Seana Smith and Brad Smith discuss the announcement in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich.
3M (MMM) shares are on the rise after the company named William Brown, the former Chairman and Chief Executive Officer of L3Harris Technologies, as its new CEO. He replaces Michael Roman, who will become the Executive Chairman of 3M's board. The changes will go into effect on May 1. It comes at a time when the materials company is battling lawsuits related to "forever chemicals" and is preparing to spin off its healthcare unit.
Yahoo Finance's Seana Smith and Brad Smith discuss the announcement in the video above.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Stephanie Mikulich.
SmartAsset
A study by T. Rowe Price has found that the age at which you start saving for retirement can make a huge difference in the amount you will have accumulated by the time you retire. The study compares the effect … Continue reading → The post T. Rowe Price Says Saving 15 Years Earlier Can Earn You Over $1 Million More in Retirement appeared first on SmartAsset Blog.
Reuters
U.S. consumer prices increased solidly in February amid higher costs for gasoline and shelter, suggesting some stickiness in inflation that could delay an anticipated June interest rate cut from Federal Reserve. The consumer price index (CPI) rose 0.4% last month after climbing 0.3% in January, the Labor Department said on Tuesday. Gasoline and shelter, which includes rents, contributed more than 60% to the monthly increase in the CPI.
Reuters
BEIJING/HONG KONG (Reuters) -Chinese Premier Li Qiang does not intend to hold a meeting with visiting foreign CEOs at the upcoming China Development Forum (CDF) in late March, three sources briefed on the matter said, raising concerns about Beijing's commitment to attract investment from abroad at a time of souring sentiment. Organised annually by Beijing since 2000 at the Diaoyutai State Guesthouse, the high-level forum traditionally serves as an opportunity for global CEOs and Chinese policymakers to meet and discuss foreign investment. Regular attendees include Apple CEO Tim Cook and Ray Dalio, founder of Bridgewater Associates.
Reuters
Boeing Co said on Tuesday it had delivered 27 airplanes in February, down one unit from the same month a year ago, as the U.S. planemaker faces curbs on production growth. Boeing is under pressure following a Jan. 5 accident involving a door plug on a 737 MAX 9 jet that became detached during flight. In response, the U.S. Federal Aviation Administration grounded the MAX 9 for several weeks and has temporarily capped Boeing's production of the MAX.
Reuters
U.S. carriers warned on Tuesday that their plans to increase capacity were in doubt due to jet delivery delays from Boeing, as the hit to the airline industry from the planemaker's safety crisis worsens. The airline industry has cut expectations for deliveries this year due to Boeing's problems, complicating their efforts to meet record travel demand. Boeing has been under heavy regulatory scrutiny following a harrowing Jan. 5 midair panel blowout incident that led to probes into the company's safety and quality standards in its production process.
Reuters
Barnett had worked at Boeing for 32 years before leaving the company in 2017, according to the BBC, which previously reported on his efforts to raise issues about the company's production issues. The 62-year-old died of a self-inflicted gunshot wound, the Charleston County coroner's office in South Carolina confirmed on Tuesday.
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