Oct 22 (Reuters) - U.S. industrial conglomerate 3M Co ( MMM ) raised the lower end of its full-year adjusted profit forecast on Tuesday, anticipating a boost in consumer spending after the U.S. Federal Reserve cut borrowing costs in September. The St. Paul, Minnesota-based company now expects its full-year adjusted profit to be between $7.20 and $7.30 per share, compared...

(Reuters) -Hybrids overtook petrol-powered vehicles in EU new car sales for the first time in September, industry data showed on Tuesday, accounting for 32.8% of the total, data from Europe's auto industry body showed. Total car sales in the bloc dropped by 6.1% year-on-year, falling for two months in a row for the first time since July 2022, the European...

06:35 AM EDT, 10/22/2024 (MT Newswires) -- Insteel Industries ( IIIN ) said late Monday that its unit, Insteel Wire Products, has acquired Engineered Wire Products, a maker of welded wire reinforcement products for construction, for $70 million in an asset transaction. Insteel Industries ( IIIN ) said it has funded the deal with cash on hand. Shares of the...

Oct 22 (Reuters) - Kleenex tissue maker Kimberly-Clark ( KMB ) on Tuesday cut its full-year organic net sales forecast after missing Wall Street estimates for third-quarter sales, as cost-conscious consumers swap its pricier personal care goods for cheaper alternatives. Although U.S. inflation has eased from its peaks, consumer spending has continued to decelerate as goods ranging from food to...