Saturday, May 9, 2026
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Tag: lower profits

3M to slash 2,500 manufacturing jobs as it prepares for low US economic growth

NEW YORK—3M announced Tuesday it will cut 2,500 manufacturing jobs as the industrial giant reported lower profits and offered a lackluster 2023 outlook based...

Starbucks reports record sales but lower profits on weak China

Starbucks reported record quarterly revenues Thursday behind a strong US performance, but weak China results and increased expenses pinched profits. Comparable sales surged at the...
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