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3M’s dark chapter deepens as CEO faces beaten down investors

Published Fri, 22 Nov 2024 06:58:38 GMT

3M Co. has so many big problems on its hands that one veteran Wall Street analyst likened the conglomerate’s challenges to the Titanic — just after the iceberg.“We’re talking more about rearranging the deckchairs when you’ve got these big calamities bearing down on the company,” said Deane Dray, an RBC Capital Markets analyst who has covered 3M for nearly 20 years.That may sound like hyperbole for one of the longest-tenured components of the Dow Jones Industrial Average that generates more than $30 billion in sales and showers investors with $3 billion in annual dividends. Yet the magnitude of what 3M is confronting is immense.Wall Street expects 3M will post its sixth-straight quarter of declining sales when it reports results on Tuesday as demand continues to slump across much of its vast portfolio. The bigger worry is that potentially billions of dollars in legal liabilities will consume huge amounts of cash for years to come and put its cherished dividend at risk.The company, ba...

Gophers football picked third in Big Ten West behind Iowa and Wisconsin

Published Fri, 22 Nov 2024 06:58:38 GMT

The Gophers football program continues to look up at its arch rivals going into the final season of Big Ten division play.The annual Cleveland.com Big Ten preseason poll has Minnesota behind Wisconsin and Iowa in the West Division. The overall results from 37 voters were released Tuesday ahead of Big Ten Media Days in Indianapolis this week.The U, which has never won a division championship, finished third with 176 votes and one first-place vote. Iowa came in second at 232 and 16 picks for the top spot. Wisconsin and new head coach Luke Fickell were first with 233 total votes and 20 for first.In the East, Michigan edged Ohio State for the top spot for the first time in four years. The defending Big Ten champion Wolverines had 248 overall votes and 27 for first place; the Buckeyes had 226 and eight; Penn State was third with 192 and two.The poll results from Big Ten reporters mirrors some other national outlets.Phil Steele’s 2023 College Football Preview predicts Minnesota will be in...

Greenville Drive-In celebrating Taylor Swift after screen featured in lyric video

Published Fri, 22 Nov 2024 06:58:38 GMT

GREENVILLE, N.Y. (NEWS10) -- In 2020, Taylor Swift released her official lyric video for "this is me trying," which featured the song lyrics edited on a drive-in movie screen. A screen that Greenville Drive-In owner Dwight Grimm said is from his property. Get the latest news, weather, sports and entertainment delivered right to your inbox! After the lyric video was released on July 24, 2020, a staffer of his saw the video and recognized the drive-in screen, said Grimm. The staff member notified Grimm, who also recognized it as his own.Grimm said he was confused at first, but they then figured out what happened. During the drive-in off-season in 2018 or 2019, a freelance photographer entered the property without permission and filmed the screen, said Grimm. Bowled opening in Amsterdam, 3 more locations planned A friend of his later found the video of the screen on Shutterstock, advertised as an "abandoned upstate NY drive-in theatre." However, Grimm noted that the drive-in was c...

Morton Avenue homicide suspect in custody

Published Fri, 22 Nov 2024 06:58:38 GMT

ALBANY, N.Y. (NEWS10) -- The Albany Police Department has arrested a 17-year-old in connection to a homicide that happened Saturday evening on Morton Avenue. Police have not released the suspect's name due to his age. Get the latest news, weather, sports and entertainment delivered right to your inbox! On July 22 at 7:15 p.m., police responded to the area of Morton Avenue and Elizabeth Street for reports of a shooting. Upon arrival, officers located Naheim Burbridge, 21, of Albany, with at least one gunshot wound to the torso.Burbridge was treated at the scene by emergency medical services. He was then transported to Albany Medical Center, where he was later pronounced dead. 2 seriously hurt in Niskayuna three-car crash Charges:Second-degree murderSecond-degree criminal possession of a weaponPolice say the suspect is scheduled to be arraigned Tuesday in Albany County Family Court. It was determined through an investigation that the suspect and victim were known to each other as ...

Why Gov. Parson vetoed crime bill including 'Blair's Law' on celebratory gunfire

Published Fri, 22 Nov 2024 06:58:38 GMT

JEFFERSON CITY, Mo. - Missouri Gov. Mike Parson signed all but one bill into law this summer, vetoing legislation that would have imposed tougher penalties for people who fire celebratory gunshots. Back in 2011, bullets fired on the Fourth of July, fell killing 11-year-old Blair Shanahan Lane. Since then, Blair's mom, Michele Shanahan DeMoss, has been coming to Jefferson City to ask lawmakers to strengthen the state's law. Earlier this month, the governor rejected legislation that included a measure honoring the Kansas City girl. Parson tells our Missouri Chief Capitol Bureau Reporter Emily Manley it's not Blair's Law, he didn't agree with. Instead, it was the other provisions in the large crime package.  Furniture store closes without warning, customers want their money back "The reality of it is, you have to do the right thing sometimes, even when it's not the most popular thing," Parson said in an exclusive interview. "Blair's Law was never the issue."After years of pleading fo...

Major Case Squad activated in Berkeley after overnight murder

Published Fri, 22 Nov 2024 06:58:38 GMT

ST. LOUIS - A man was murdered overnight in a Berkeley strip mall parking lot. Tuesday morning, the Major Case Squad has been called in on the case.The head of the Major Case Squad for this investigation told FOX 2 earlier that the victim who was shot and killed was an adult male. At this point, the name and age of the victim haven’t yet been released. The Major Case Squad is now working out of the Berkeley Police Department.The violence all unfolded in the parking lot outside a small strip mall on Frost Avenue, very close to North Hanley Road and I-170 in Berkeley. It's understood that Berkeley Police got the call for a shooting at that location about 1:30 a.m. ‘Try That in a Small Town’ rockets to No. 2 on charts after music video controversy A worker at a nearby business shared that he heard multiple gunshots then the police arrived a short time later. Police had much of the parking lot taped off for several hours as the investigation unfolded.The victim was pronounced dead at ...

Heather Kullorn: St. Louis County babysitter missing for 24 years

Published Fri, 22 Nov 2024 06:58:38 GMT

ST. LOUIS -- On July 15, 1999, Heather Kullorn disappeared while babysitting for a friend of her mother's in Richmond Heights. The police later found the baby alone and crying, along with a crime scene that contained Heather's blood.  A neighbor reported a man leaving the apartment around 2:00 a.m. that morning with a child around Heather's age wraped in a blanket. A comforter was also missing from the apartment. Kullorn has been missing for 24 years.  Kullorn's body has never been found. She is a mild diabetic, the likelihood of survival without her medication for an extended period is slim. For her survival, it is necessary for Kullorn to use daily insulin injections to manage her condition, along with frequent blood sugar testing, performed four times a day. What did she look like?Kullorn is a white female with brown hair and hazel eyes. She has a birthmark on her inner right thigh and has multiple piercings in her ears. Prior to her disappearance, she had shaved h...

Portion of Santa Monica bluffs appear in danger of falling onto PCH

Published Fri, 22 Nov 2024 06:58:38 GMT

Santa Monica officials are preparing to have a crumbling portion of the bluffs above Pacific Coast Highway removed.The crack in the cliff was noticed by passersby, including Suzzane Yankovic, wife of musician "Weird Al" Yankovic.A portion of the Santa Monica bluffs that appears to be in danger of collapsing is seen on July 25, 2023. (KTLA)Yankovic posted a video of the bluff that was seen by Los Angeles County supervisors who decided to alert the City of Santa Monica. If the cliffside was to give way it would be catastrophic to those driving on the freeway below. It is unclear as to whether a collapse could occur within days or years, so officials have decided to take action right away. 4-day-old baby with medical emergency airlifted from Palmdale A crane will be brought in to break apart the top portion of the unstable bluff with debris being hauled away in dump trucks. That will require the closure of PCH and a portion of the 10 Freeway approaching the coast. A map shows the cl...

Trapped driver saved from burning vehicle in Riverside 

Published Fri, 22 Nov 2024 06:58:38 GMT

A Good Samaritan is being hailed as a hero after saving a person trapped inside a burning vehicle on Monday night. The vehicle burst into flames just after 10 p.m. on the 215 Freeway in Riverside. The vehicle burst into flames just after 10 p.m. on the 215 Freeway in Riverside. (OnSceneTV)The vehicle burst into flames just after 10 p.m. on the 215 Freeway in Riverside. (OnSceneTV)The vehicle burst into flames just after 10 p.m. on the 215 Freeway in Riverside. (OnSceneTV)The vehicle burst into flames just after 10 p.m. on the 215 Freeway in Riverside. (OnSceneTV)Officers with the California Highway Patrol received several calls regarding a car engulfed in flames with a person still inside, but by the time they arrived on scene, they learned that the driver had already been helped out of the burning vehicle by another motorist. Neither driver was injured. It remains unclear what caused the car to go up in flames. 

Dwayne 'The Rock' Johnson's massive donation to SAG-AFTRA Foundation

Published Fri, 22 Nov 2024 06:58:38 GMT

Many working actors are struggling to make ends meet during the ongoing SAG-AFTRA strike, but one Hollywood star is knowing his role and putting money where his mouth is. Dwayne "The Rock" Johnson has made a massive donation to SAG-AFTRA members in need. According to Variety, the donation is of "historic" proportions. Grammy award-winning singer Tori Kelly in ICU after passing out in L.A. Johnson's contribution came after SAG-AFTRA Foundation president Courtney B. Vance and executive director Cyd Wilson wrote a letter to 2,700 of the union’s highest-earning actors asking for donations to help striking performers and their families. "With 165,000 members on strike for a fair TV, theatrical and streaming contract and no resolution in sight, we must raise critical funds now to not only meet the current need and expected demand, but also to maintain the Foundation’s ongoing assistance programs," Vance wrote. "It’s a massive challenge, but we’re determined to meet this ...