Published on 29 Aug 2023 on Zacks via Yahoo Finance
Company News for Aug 29, 2023
Shares of 3M Company (MMM) jumped 5.2% on reports that the multinational conglomerate was approaching a settlement agreement valued at around $5.5 billion plan to resolve over 300,000 lawsuits linked to defective military earplugs.JD.com, Inc.’s (JD) shares rose 2.6% after the Chinese government said that it would cut tax on stock trades to boost its stock market.Shares of RPT Realty (RPT) surged 17.4% on news that the company will be acquired by Kimco Realty Corporation (KIM) for $2 billion in stock.Boston Scientific Corporation’s (BSX) shares gained 6% after the company announced positive results regarding its treatment for patients afflicted with atrial fibrillation, or irregular heartbeats.
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