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News In Pictures: 30 April 09

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Exxon Mobil Corp, the world's largest publicly traded company, on Thursday said its quarterly profit fell 58 per cent, missing Wall Street estimates, as the global recession sliced into demand for crude oil. Net profit in the first-quarter was $4.55 billion, or 92 cents per share, compared with $10.89 billion, or $2.02 per share in the same quarter a year earlier. (Reuters)


A labourer breaks coal a day before World Labour Day, in Kaushambi district near Allahabad on Thursday. In many countries including India, May Day is also celebrated as Labour Day. The day originates with the US labour movement in the late 19th century. The history of the movement dates back to May 1, 1886. On this day several labour unions across the US went on strike, demanding a standard workday of eight hours.(PTI)


Reliance Communications, India's second-biggest mobile cell phone operator, posted an albeit less than expected 3.3 per cent fall in quarterly profit on Thursday as the costs of expanding its GSM services weighed. Reliance, which added a record 11.3 million subscribers during the March quarter after it expanded its GSM mobile operations to all of India, said its net profit fell to 14.54 billion rupees ($292 million) in its fiscal fourth quarter ended March, from 15.03 billion in the same perid last year. (Reuters)

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