HOUSTON (Reuters) – Exxon Mobil Corp, the world’s largest publicly traded company, said on Friday its fourth-quarter net income fell 33 percent as a steep drop in crude oil prices hurt results.

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Exxon Q4 profit down 33 percent, tops Wall Street

CHICAGO (Reuters) – Procter & Gamble Co posted a profit that missed Wall Street estimates on Friday and cut its full year earnings forecast due to weaker demand, pushing shares down more than 3 percent.

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Procter & Gamble profit misses, cuts outlook

Wall Street pointed toward a moderately lower open Friday, as investors awaited a reading on just how weak the economy was during the fourth quarter. The Commerce Department is expected to report Friday that the gross domestic product, the widely followed…

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Wall Street appears headed for lower opening

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Tata Motors’ Reversal of Fortune

President Barack Obama, who has ordered a pay freeze on six-figure White House aides, wants to talk to Wall Street executives about a report indicating payments of over $18 billion in bonuses as the economy was in virtual free fall. “It is shameful,” Obama…

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Obama slams Wall Street for rich executive bonuses

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Can Outsourcing Save Sony?

TOKYO (Reuters) – Japan’s NEC Corp said on Friday it would cut its groupwide workforce by 20,000 people, and look for ways to exit its industrial liquid-crystal display-related business.

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Japan’s NEC says to cut groupwide workforce by 20,000

LONDON (Reuters) – Japan sank deeper into recession with industrial output tumbling at a record pace and inflation near zero, while data was expected to show the U.S. economy contracting at its fastest rate in 26 years.

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Grim Japan, U.S. figures show crisis deepening

Consumer products maker Procter & Gamble Co. says profits jumped 53 percent in its second quarter, boosted by its sale of the Folgers coffee business. However, the Cincinnati-based company whose brands include Tide detergent, Pampers diapers and Gillette…

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P&G 2Q profits rise 53 percent, sales drop

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Economy Shrinks at 3.8% Pace

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Economy Shrinks at 3.8% Pace in Q4

CHICAGO (Reuters) – Procter & Gamble Co on Friday said its quarterly profit jumped 53 percent, as a gain from the sale of its Folgers coffee business helped to offset the impact of weaker demand and the stronger dollar.

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Procter & Gamble profit rises, sales fall

BOSTON (Reuters) – Honeywell International Inc reported a 2.6 percent rise in profit that met Wall Street expectations, and the diversified U.S. manufacturer held its 2009 outlook steady as it braces for a “more challenging” year.

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Honeywell posts in-line profit, keeps outlook

Honeywell International Inc. says its fourth-quarter earnings rose slightly as it cut costs. The Morristown, N.J.-based diversified manufacturer of aircraft equipment, specialty chemicals and building control systems said Friday it earned $707 million, or 97…

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Honeywell 4Q up as cost savings beat sales drop

Stock futures are paring their losses following a better-than-expected reading on the economy’s fourth-quarter performance. The Commerce Department said Friday the gross domestic product — a widely followed measure of the economy — shrank at a 3.8 percent pace at…

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Stocks’ opening trajectory improves after GDP report