Northwest posts quarterly profit on cost cuts

(Reuters) - CHICAGO, July 31 - Northwest Airlines Corp. , the No. 5 U.S. airline, reported a second-quarter profit that was inflated by reorganization items, reversing a year-ago loss.



The No. 5 U.S. airline, which completed a bankruptcy reorganization in May, said on Tuesday profit was $2.15 billion, compared with a loss of $285 million a year earlier.


Read more at Reuters.com Market News

European Refining Margins Fall to Seven-Month Low as Products Prices Drop

(Bloomberg) -- Refining margins in Northwest Europe
fell to the lowest since December as product prices dropped more
than crude.

Brent cracking margins in northwest Europe fell to minus
$3.10 on Tuesday, down from minus $1.93 the previous day,
according to data compiled by Bloomberg. That's the lowest level
since Dec. 29.


Read more at Bloomberg Energy News