Early Market News: Canon Inc. (NYSE:CAJ), Philips Electronics (NYSE:PHG), 3M Company (NYSE:MMM)

Several more breaking news stories will affect stock prices as trading continues today. The following companies should see some movement: Canon Inc. (NYSE:CAJ), Philips Electronics (NYSE:PHG), 3M Company (NYSE:MMM). Here is a more detailed look at the news that will affect each company when trading continues. Canon Inc. (NYSE:CAJ) Canon Inc. (NYSE:CAJ) has planned to market a new check scanner. It is specially designed to process checks, speed up the access to funds for banks and other businesses that involve high-volume personal and business check payments. It is capable of processing as many as 135 checks a minute. Canon Inc. (NYSE:CAJ) has prized the image FORMULA CR-135i High-Volume Check Transport at $2,800. The company in a news release said that "The scanner is a perfect solution for high-volume remittance processing, lockbox, back-office capture, and branch automation.” Philips Electronics (NYSE:PHG) Philips Electronics (NYSE:PHG) has introduced 3D Blu-ray Players and 3D TVs at the Consumer Electronics Show 2011. It involved a new line of Blu-ray playback devices, with five new players of which three are 3D compatible, with prices starting from $169.99. The company also announced the release of five home theater systems, three of which are 3D, which were priced from $269.99 to $449.99. Philips MediaConnect, NetTV, Netflix and Blockbuster streaming are just some of the noteworthy features included. 3M Company (NYSE:MMM) The CEO of 3M Company (NYSE:MMM) has announced that the company is preparing an orderly succession plan. While attending the Consumer Electronics Show in Las Vegas, CEO George Buckley said that "When I first came to 3M, it was a self-imposed imperative to make sure that when I eventually retire from the company that the next person that was appointed would be an internal person." Buckley has succeeded in steering the company through the recession by throwing out more than 6,000 jobs since the start of 2008, suspending merit-pay raises and freezing hiring. We could see more movement when trading continues for Canon Inc. (NYSE:CAJ), Philips Electronics (NYSE:PHG) and 3M Company (NYSE:MMM).
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