3M profit falls, shares rise on 2009 hopes (Reuters)

Chairman, president and chief executive officer at 3M, George Buckley speaks during the Confederation of British Industry (CBI) conference in London, November 24, 2008. (Suzanne Plunkett/Reuters)Reuters – 3M Co said on Thursday that fourth-quarter profit and sales fell due to the economic downturn, but the company’s stock rose 3 percent on hopes that the industrial manufacturer is well-positioned for growth in the latter half of 2009.

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