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BUSINESS BRIEFS.(TO THE POINT)
DIVERSIFIED
3M plans $1.7 bil repatriation
The industrial conglomerate rose 1% to 73 after it disclosed it'll reinvest some of its foreign earnings in the U.S. The move will cost 3M $75 mil in Q2. 3M lowered its outlook from $1.08-$1.10 to 98 cents-$1 to reflect the charge; views see $1.09. Morgan Stanley lowered its rating from overweight to equal weight, citing CEO John McNerney's departure to Boeing and shaky long-term growth.
TRANSPORTATION
Turkish Air orders 8 Boeing jets
The airline, which has been pursuing plans to double its fleet with orders from both ...
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