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J.P. Morgan cuts 3M's PT on environmental liability concerns

BUZZ-J.P. Morgan cuts 3M's PT on environmental liability concerns ** J.P. Morgan cuts 3M Co MMM.N PT to $110 from $118 ** Brokerage sees limited visibility around the outcome of environmental liabilities despite improving fundamentals ** "We remain on the sidelines with our Neutral rating" - JPM ** 3M last year reached a $10.3 billion settlement with a host of U.S.
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Johnson Controls unit to pay $750 mln to settle 'forever chemicals' lawsuit

UPDATE 1-Johnson Controls unit to pay $750 mln to settle 'forever chemicals' lawsuit Adds context and background throughout By Clark Mindock and Aishwarya Jain April 12 (Reuters) - Johnson Controls JCI.N said on Friday its subsidiary Tyco Fire Products had agreed to a $750 million settlement with some U.S. public water systems that claimed toxic "forever chemicals" in firefighting foam made by the company had contaminated their water supplies.
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Johnson Controls unit to pay $750 mln to settle 'forever chemicals' lawsuit

Johnson Controls unit to pay $750 mln to settle 'forever chemicals' lawsuit April 12 (Reuters) - Johnson Controls JCI.N said on Friday its subsidiary had agreed to a $750 million settlement with some U.S. public water organizations that had detected "forever chemicals" allegedly associated with the use of certain products made by the company. The settlement does not constitute an admission of liability or wrongdoing by Tyco Fire Products, Johnson Controls disclosed in a regulatory filing, adding
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Commodity prices irk inflation view

MORNING BID AMERICAS-Commodity prices irk inflation view A look at the day ahead in U.S. and global markets from Mike Dolan As Wall Street nervously awaits the March consumer price inflation report, the commodity complex - buoyed by an improving global growth outlook - adds another complication to the interest rate picture. Markets are already anxious their long-favored month for the start of the U.S.
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Uncertainty over rate cuts wobbles US government bond market

ANALYSIS-Uncertainty over rate cuts wobbles US government bond market By Davide Barbuscia NEW YORK, April 4 (Reuters) - Strong economic data and worries over sticky inflation are pushing investors to reassess how deeply the Federal Reserve will be able to cut interest rates this year, fueling weakness in the U.S. government bond market. Yields on the benchmark 10-year Treasury – which move inversely to bond prices - hit 4.429% on Wednesday, their highest level in over four months.
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