AP Financial News Summary at 8:39 a.m. EDT
Northwest, Flight Attendants at Impasse
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MINNEAPOLIS (AP) _ Northwest Airlines Corp. remains at contract loggerheads with its flight attendants union, an impasse that could lead to random work actions against the carrier and complicate its bankruptcy reorganization.
Euro-Zone Jobless Rate at Record Low
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BRUSSELS, Belgium (AP) _ Unemployment in the 12 nations that use the euro fell to a record low of 7.8 percent in June, the European Union said Tuesday, as jobless levels dropped for a second consecutive month in a sign of economic growth.
Deutsche Bank Reports Rise in 2Q Profit
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FRANKFURT, Germany (AP) _ Deutsche Bank AG, Germany’s biggest bank, said Tuesday its second-quarter net profit rose by 29 percent as increased interest and commission income helped offset lower-than-expected revenue from its securities trading operations.
Oil Prices Up Slightly in Asia
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SINGAPORE (AP) _ Oil prices rose slightly Tuesday morning while traders watched the effects of an oil pipeline leak in western Russia and the continued violence in the Middle East.
Tyson Foods Shares Drop on 3rd-Qtr. Loss
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LITTLE ROCK, Ark. (AP) _ Shares of Tyson Foods Inc. shed 3 percent on Monday, after the world’s largest meat processor reported a fiscal third-quarter loss and predicted only modest improvement in the fourth quarter.