World stocks mixed ... Ryanair says it ‘messed up’ ... Google buys HTC’s Pixel team
HONG KONG (AP) — World stocks shares have been mixed today as investors digest the latest statements from the Fed, which plans to raise rates again this year, and the Bank of Japan, which signaled it won’t tighten anytime soon. European shares rose in early trading. France’s CAC 40 added 0.4 percent, Germany’s DAX climbed 0.2 percent and Britain’s FTSE 100 edged up 0.1 percent. Wall Street is expected to open lower with Dow and S&P futures each slipping 0.1 percent.
LONDON (AP) — Ryanair CEO Michael O’Leary will face shareholders at the company’s annual general meeting today, amid a pilot shortage that has forced the budget airline to cancel hundreds of flights. The meeting comes amid reports that flight captains and first officers have rejected Ryanair’s offer of bonus payments in exchange for making commitments to the airline. The airline says it will cancel as many as 50 flights a day for six weeks because it “messed up” when scheduling crew holidays.
SAN FRANCISCO (AP) — Google is buying part of device manufacturer HTC to expand its efforts to build phones, speakers and other gadgets equipped with its arsenal of digital services. It’s buying the HTC engineering team that built the Pixel smartphone for Google in a $1.1 billion cash deal. The deal underscores how serious Google is becoming about designing its own family of devices to compete against Apple and Amazon.
BEIJING (AP) — The Standard & Poor’s rating agency has cut China’s credit rating because of its rising debts. The downgrade adds to mounting warnings about the dangers of increasing Chinese debt, which has fueled fears of a banking crisis or a drag on economic growth. Moody’s Investors Service cut its own rating for China in May.
ANCHORAGE, Alaska (AP) — Some taxi drivers in the Alaskan town of Bethel are accused of being in the booze business. Several years ago, Bethel voters lifted a ban on alcohol sales, but the town’s first liquor store in more than 40 years opened just last year, and closes at 7 p.m. Recently, 18 cabbies were arrested and charged with selling alcohol without a license. Bethel has a population of just 6,200, but has 58 taxis - that’s one for every 107 residents.