Two stories currently at Yahoo! News:

Wall Street gains as investors weigh Citi, Google results

NEW YORK - Wall Street topped off a strong week with a big rally Friday, after results from companies like Citigroup Inc. and Google Inc. helped ease investor anxiety about the health of corporate profits. The major stock indexes at times rose more than 2 percent.

Investors have been worried that recent data indicate a slowing economy, which would cut into profit growth at some of the nation’s biggest companies. But, results so far have shown that earnings, for the most part, are meeting or beating expectations, and the major indexes all posted gains of more than 4 percent for the week.

And this…

Citigroup to cut 9,000 jobs after posting loss

NEW YORK (Reuters) - Citigroup Inc (C.N) posted its second straight quarterly loss on Friday, hurt by more than $16 billion of write-downs and costs related to credit losses, and said it will cut another 9,000 jobs.

Though the $5.11 billion first-quarter loss was larger than expected, analysts and investors expressed optimism that the largest U.S. bank and its new chief executive, Vikram Pandit, were taking necessary steps to move past credit problems and drive down costs.

Do you get the feeling that, what matters here is the corporate bottom line, and not much else? That’s the way I’m reading it.