Jan 24 Reuters 3M Co said on Tuesday it would cut 2,500 manufacturing jobs after reporting a lower profit, as the U.S. industrial conglomerate faces a demand slowdown in its unit that sells products including notebooks, air purifiers and respirators. The move comes as corporate America has seen a string of layoffs with companies trying to rein in […]

Jan 24 Reuters Johnson Johnson on Tuesday forecast annual profit above Wall Street estimates, as strong demand for its drugs such as cancer treatment Darzalex is expected to ease pressure from inflation and a strong dollar. JJ39;s large pharmaceuticals business is its major profit engine and the company is betting on it and the devices unit […]

Jan 24 Reuters Verizon Communications Inc39;s annual profit forecast fell short of Wall Street estimates on Tuesday, as it grapples with slowing growth in wireless customer signups compared with last year and makes heavy investments in 5G technology. Shares in the Dow Jones Industrial Average company fell 2.5 to 38.65 in premarket trading. Verizon, whose plans are […]