CHICAGO (Reuters) – Procter & Gamble Co posted better-than-expected quarterly earnings on Thursday, but trimmed its fiscal 2009 outlook and did not offer a 2010 forecast at a time when investors are searching for clarity amid the recession.

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P&G and Colgate profit beats Street

Consumer spending fell more than expected in March after two straight monthly gains, a stark reminder of a fragile economy that has pushed a record number of Americans to draw jobless benefits. The Commerce Department said Thursday that consumer spending…

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Consumer spending, new jobless claims dip

NYSE Euronext said Thursday its first-quarter profit fell 55 percent amid pricing pressure in cash markets and volume declines in Europe. However, the exchange operator’s results beat analysts’ expectations. NYSE Euronext, which operates stock and commodities…

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NYSE Euronext profit tumbles, but beats estimates

Marathon Oil Corp. said Thursday its first-quarter profit fell 61 percent from a year ago as the company, like many competitors, saw results dive along with oil and natural gas prices. The result fell below Wall Street expectations. Houston-based Marathon…

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Marathon 1Q profit falls 61 percent

The parents of a 13-year-old South Florida boy are stunned he went unnoticed when he got on a plane to California. Kenton Weaver took his father’s car Tuesday, drove 30 miles to the Fort Lauderdale airport and caught a flight to San Jose near where his mother…

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Fla. boy flies to Calif. without telling parents

DETROIT/WASHINGTON (Reuters) – Chrysler LLC will file for Chapter 11 bankruptcy on Thursday after talks to restructure its debt with bondholders collapsed, a U.S. government official said.

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Chrysler to file for bankruptcy

Grocery store operator Safeway Inc. on Thursday lowered its full-year outlook as weak sales and lower fuel prices persisted. The company now expects earnings of $2.10 to $2.30 per share in 2009, down from previous guidance of $2.34 and $2.44 per share….

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Safeway lowers 2009 outlook

NEW YORK (Reuters) – Stocks rose on Thursday as better-than-expected profits from companies like Dow Chemical Co and a surprise drop in new jobless claims stoked optimism the recession is showing signs of easing.

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Earnings and data lift Wall Street

HOUSTON — Exxon Mobil Corp. said today first-quarter earnings fell 58 percent from a year ago, its lowest profit in more than five years, as the world’s biggest publicly traded oil company saw crude and gas prices fall precipitously. The…

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Exxon Mobil 1Q profit falls 58 percent

WASHINGTON — Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan, two administration officials said today. The Obama…

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Sources: Chrysler to file for bankruptcy

NEW YORK (Reuters) – Motorola Inc said its second-quarter loss will narrow after first quarter results came in stronger than expected thanks to deep cost cuts, sending shares up 1 percent.

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Motorola posts narrowed-than-expected loss

NEW YORK (Reuters) – Dow Chemical Co posted a surprise first-quarter profit on Thursday, helped by cost reductions, gains in its agricultural segment and lower raw material costs, sending its shares up 19 percent.

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Dow Chemical shares surge on surprise profit

President Barack Obama intends to nominate Mignon Clyburn, a utility regulator and former newspaper executive from South Carolina, to the Federal Communications Commission. The five-member FCC has three vacancies. The president has announced his intent to…

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Obama to name SC regulator to FCC seat

Grocery-store operator Safeway Inc. said Thursday the stronger dollar, lower fuel prices and weak consumer spending caused its first-quarter profit to fall 25 percent. The company also lowered its full-year outlook due to the weak environment but raised its…

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Safeway 1st-quarter profit falls 25 percent

Investors found more reason to hopeful about the economy. In a welcome surprise for Wall Street on Thursday, the Labor Department said initial claims fell last week by 14,000 to 631,000. Economists had predicted an increase. Not all data were positive _…

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Stocks climb after drop in jobless claims