3M forecasts 2020 profit below estimates on weak China demand

(Reuters) - U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it continues to face sluggish demand in China, sending its shares down 2.8% in early trading. 3M, which makes everything from adhesive tapes to air filters, also said it would cut 1,500 jobs globally as it continues to restructure its businesses to boost growth.Sales in Asia-Pacific fell for the fifth straight quarter, hurt by weak demand from China's..