Global Glance: ECB nudges up inflation, U.S. auto sales flatten

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Here are today’s top business headlines from across the nation and world:

ECB nudges up inflation, growth forecasts for this year

VIENNA (AP) — The European Central Bank has raised slightly its forecasts for economic growth and inflation in the 19-country eurozone this year. The bank increased its inflation outlook for 2016 to 0.2 percent from 0.1 percent previously. It sees growth at 1.6 percent, up from 1.4 percent. Read more


US auto sales show signs of flattening out after long run up

DETROIT (AP) — U.S. car buyers are tapping the brakes. Sales of cars, trucks and SUVs fell 6 percent last month, to 1.54 million, according to AutoData Corp. It was the biggest monthly drop in nearly six years. The decline was unusual for May, a month when Americans typically buy cars ahead of summer road trips. Read more


Johnson & Johnson buying Vogue International for about $3.3 billion

NEW YORK (AP) — Johnson & Johnson is buying Vogue International, a maker of hair products and other personal care products, for about $3.3 billion. The acquisition will give Johnson & Johnson the OGX collection of shampoos, conditioners, treatments, styling products, body care and bath products, the FX hair styling product line and the Proganix and Maui Moisture hair care lines. Read more


SpaceX chief Elon Musk predicts people in Mars in 9 years

RANCHOS PALOS VERDES, Calif. (AP) — SpaceX CEO Elon Musk says if things go according to plan people will be on Mars just nine years from now. Musk also says he plans to go to space himself in about four to five years, but only into orbit around Earth. Read more


Power blackout as French workers strike over labor bill

PARIS (AP) — Striking workers created blackouts by cutting power to a big electricity line in western France and occupied train tracks at a Paris railway hub Thursday as unions at nuclear plants and the national rail service protested the proposed abolition of some French labor protections. Workers have sector-specific demands, but are also tapping into months of widespread anger at a government bill extending the 35-hour workweek and making it easier to hire and fire workers. Read more


Labour’s Corbyn says he would veto US-EU trade deal

LONDON (AP) — British opposition leader Jeremy Corbyn has urged voters to remain in the European Union – but slammed the bloc’s planned trade deal with the United States, saying it threatens employment rights and hands power to “giant corporations.” Read more

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