MMM stock is up after 3M took decisive action against slowing results and lawsuits
@CrystalRose:
3M(MMM) will spin off its health care businesses, retaining a 19.9% stake. The company also spun off its Aearo combat hearing aids into bankruptcy to settle lawsuits. The deals sent MMM stock up despite a mixed quarter. 3M$3M(MMM)$ stock got a boost on news it will spin off its health care businesses into a new public company. The news offset the impact ofa mixed quarteron MMM stock, highlighted by a $1.2 billion charge against earnings tofund the bankruptcyof its Aearo Technologies combat earplug unit.3M was trading for almost $140 per share in pre-market trading today, up 4%. It had been down 25% on the year against a 17% loss on the S&P 500$S&P 500(.SPX)$ , despite a $1.49 per share quarterl