3M Co. lowers estimate for year

The St. Paul-based manufacturer of products including Scotch tape and dental braces reduced its full-year forecast as a recession in Europe and slowing Asia growth crimped sales. 3M now sees earnings of $6.27 to $6.35 a share, the company said. That is down from a previous target of $6.35 to $6.50 and lower than the $6.40 analyst average.