While Goldman, Wells, and JP Morgan’s reporting of positive 1st Quarter 2009 profits helps to start the slow recovery process, we are not out of the woods just yet.

India's biggest engineering company Larsen&Toubro Ltd. reported a better-than-expected fiscal third- quarter profit after winning more orders in the Middle East.

China's state-owned enterprises posted a 31.6 percent rise in 2007 total profits buoyed by a strong economy, the Ministry of Finance said Wednesday.

Global oil giants Exxon Mobil Corp. and Royal Dutch Shell Plc will probably announce their second-quarter profit gains.