Wall Street in disarray with mixed results | Microsoft climbs in after-market

* 3M

– The industrial conglomerate reported a drop in its quarterly profit, weighed down by a charge linked to the abandonment of the production of perfluoroalkyl substances and by the slowdown in demand which weighed on its turnover.


warned of a weaker than expected adjusted profit for 2023, the group still being penalized by the difficulties of its renewable energy division. General Electric shares gained 2% in after-market trades.


said on Tuesday that it expects a higher-than-expected annual profit for 2023, the pharmaceutical group expecting solid demand for its products and a recovery in its medical equipment business.


released better-than-expected results for the fourth quarter as high prices in the oil market supported its drilling activity and demand for drilling equipment and services.


announced on Monday the resignation of its president Omar Ishrak and the appointment of Frank Yeary to replace him.


should decide by mid-February how many jobs will be cut in Europe, a spokesman for the German union IG Metall said on Tuesday.


– The American luxury group on Monday appointed Cedric Wilmotte as general manager of the Michael Kors brand.


is in talks to sell about half of its stake in India’s largest property investment fund, Embassy Office Parks, to Bain Capital, sources say, in a deal worth up to $480 million dollars. In addition, JP Morgan raises its recommendation from “neutral” to “overweight”.

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