NEW BUSINESS
3M Co., Maplewood, and Korea-based Ecopro have entered into a patent license agreement that aims at further expanding the use of nickel-manganese-cobalt (NMC) cathode materials in lithium ion batteries. The cathode compositions composed of nickel, manganese and cobalt offer an outstanding balance of power, energy, thermal stability and low cost. NMC cathode materials can be tailored through changes in composition and morphology to meet a wide range of demanding customer requirements from high-energy handheld consumer electronics to high-power (hybrid) electric vehicles.
DEBT AND EQUITIES
Xcel Energy Inc., Minneapolis, declared a quarterly dividend of 28 cents per common share, payable Jan. 20 to shareholders of record on Dec. 27.
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World
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The U.S. ambassador to Japan urged Tokyo on Tuesday to take a greater role in developing, producing and supplying weapons ''to enhance our collective security" amid conflict in Ukraine, Gaza and elsewhere.
Business
Bank of America's Q1 profits fall 18% on higher expenses, charge-offs
Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts' estimates.
Business
Pakistan and Saudi Arabia call for a cease-fire in Gaza, saying efforts so far are insufficient
Pakistan and Saudi Arabia on Tuesday called for an immediate cease-fire and uninterrupted delivery of humanitarian aid in Gaza.
Business
A top Federal Reserve official opens door to keeping rates high for longer
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Business
Weedkiller manufacturer seeks lawmakers' help to squelch claims it failed to warn about cancer
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