3M on Monday provided 2022 financial guidance and a strategic update on its sprawling businesses. The industrial conglomerate's presentation contained few surprises or shifts in strategy. But management did not offer many updates on the biggest issue looming over 3M: legal liabilities tied to the firm's legacy PFAS chemicals and military earplugs. 3M manufactured PFAS from the [...]

Clorox shares were hammered Friday, down nearly 15%, following an earnings report that fell short of analyst expectations.In 2020, the maker of disinfecting wipes and bleach was an early pandemic darling whose stock price soared as demand for sanitization products exceeded supply.Management had predicted this pandemic-induced spike in demand would persist as part of the [...]

On Tuesday, AT&T provided an update on its plan to separate and combine WarnerMedia with Discovery. Most notably, AT&T elected to structure the separation as a spin-off rather than a so-called exchange offer. This surprised some investors since management seemed to be leaning towards an exchange offer up until last week. An exchange offer would have allowed [...]