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BREAKING NEWS / URGENT: The State Supreme Court upholds Act 10, Voter ID, and the state's domestic partnership registry

MADISON, Wis (WSAU)  - The Wisconsin State Supreme Court upheld Act 10, the state law that limits the collective bargaining rights of state employees. The law from three years ago sparked protests at the state capital and led to the recall attempt against Governor Scott Walker. The court's ruling in favor of Act 10 was 5-2. Justice Michael Gableman wrote the lead opinion, which was also signed by Justices David Prosser, Pat Roggensack and Annette Ziegler. Justice Patrick Crooks concurre...

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3M posts slight profit gain, boosts share buyback plan

(Reuters) - Diversified U.S. manufacturer 3M Co posted a slightly higher quarterly profit on Thursday, helped by revenue increases across most of its business lines, and raised the number of shares it expects to buy back this year.

The company, whose products include Post-it notes and film for flat-panel televisions, said second-quarter net income rose to $1.2 billion, or $1.71 per share, from $1.17 billion, or $1.66 per share a year ago.

Analysts on average expected $1.70 per share, according Thomson Reuters I/B/E/S.

Revenue increased 2.9 percent to $7.75 billion. Analysts were looking for $7.77 billion.

3M backed its full-year earnings forecast of $6.60 to $6.85 per share. Analysts were anticipating $6.71. The company had lowered its projection in April from a range of $6.70 to $6.95 per share.

The company expects its 2013 share repurchases to be in the range of $3.5 billion to $4.5 billion compared with $2 billion to $3 billion, previously.

(Reporting by Lewis Krauskopf; Editing by Maureen Bavdek)

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