Profits drop

HOUSTON – Exxon Mobil Corp, the world’s largest publicly traded oil company, on Friday reported a 38 per cent drop in quarterly profit that still beat Wall Street’s expectations as cost cuts partly offset declining crude oil prices. The company reported third-quarter net income of $US2.65 billion ($F5.44b), or 63 cents per share, compared with $US4.24b ($F8.71b), or $1.01 per share, a year earlier.

App probe

ROME – Italy’s antitrust watchdog said on Friday it had opened a probe into whether messaging service WhatsApp obliged users to agree to sharing personal data with its parent company Facebook and imposed “unfair” conditions on users. WhatsApp said in August it would start sharing phone numbers with the social network, prompting European regulators to declare they would put the matter under close scrutiny.

Oreo recalls

Reuters – Mondelez International Inc said on Friday it is recalling certain batches of two varieties of Oreo Fudge Cremes sold in the United States because their ingredient lists do not mention milk allergen. The recall of the mint-flavored and “original” Oreo Fudge Cremes was the result of an analysis conducted by the U.S. Food and Drug Administration, Mondelez Global LLC said in a statement.

Tata execs quit

MUMBAI/NEW DELHI – Three senior group executives at India’s Tata Sons have resigned, people close to the matter told Reuters on Saturday, as management woes appeared to deepen at the $US100 billion ($F205b) conglomerate following the stunning ouster of its chairman. The three executives were members of an executive council disbanded after Tata dismissed chairman Cyrus Mistry on Monday.

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