The Rising Influence of Rising Affluence

[ilpapa]

That's a lot of money from Post-it stickers and Scotch tape.


Tue Apr 24, 2012 8:01am EDT

(Reuters) - 3M Co reported a 4 percent rise in quarterly profit on Tuesday helped by growth in the transportation business and the Americas region.

The Minneapolis company also provided a modest increase to its full-year profit outlook.

The maker of Post-It notes, Scotch tape and components for consumer electronics reported net earnings of $1.12 billion, or $1.59 per share, compared with $1.08 billion, or $1.49 per share, a year earlier.