Good morning from the business news department of the Star Tribune.
3M, Minnesota's most valuable company, this morning said its fourth-quarter profitamounted to $1.62 a share, in line with analysts' forecasts. Revenue was $7.57 billion, slightly below the consensus of $7.7 billion. The company reaffirmed its 2014 earnings outlook and said it expects revenue to grow 3% to 6% this year.
Xcel Energy, the state's biggest utility, said its 4Q profit amounted to 30 cents a share, a notch above analysts' forecasts of 29 cents. The preliminary fourth-quarter U.S. GDP number just came out: 3.2 percent. That's in line with expectations.
Weekly jobless claim figures are also just out: 348,000. That's worse than expected. The forecast was for 330,000.
U.S. stock futures are higher at the moment, following drops overnight in Asia and Europe.