Ryanair admits management 'failure'

Ryanair boss Michael O'Leary has said the firm is facing a "significant management failure" as it struggles to cope with massive flight cancellations. The admission came at the budget airline's annual general meeting, which is being held in Dublin. Ryanair is cancelling 40-50 flights every day for the next six weeks, after it admitted it had "messed up" the planning of pilot holidays. A group of Ryanair pilots has rejected a cash bonus to work extra days. Ryanair had offered captains a one-off payment of £12,000 or 12,000 euros, and first officers £6,000 or 6,000 euros, but they said they wanted new contracts and better working conditions instead. In response, the pilots wrote a letter saying:

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  Unless Ryanair treats pilots like me better, this crisis will be a long haul

  the Guardian
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  Ryanair pilots REJECT £12,000 sweetener to work through annual leave

  Daily Mail

Apple Falls Below Key Level In Heavy Volume, But Is It A Sell Signal Or No?

Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need

Google bets anew on smartphones, pays $1.1 billion for HTC's Pixel division

By Jess Macy Yu and Paresh Dave TAIPEI/SAN FRANCISCO (Reuters) - Alphabet Inc's Google said it would pay $1.1 billion for the division at Taiwan's HTC Corp that develops the U.S. firm's Pixel smartphones - its second major foray into phone hardware after an earlier costly failure. The all-cash deal will see Google gain 2,000 HTC employees, roughly equivalent to one fifth of the Taiwanese firm's total workforce. It will also acquire a non-exclusive license for HTC's intellectual property and the two firms agreed to look at other areas of collaboration in the future.

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  HTC says it remains committed to Vive and its own smartphones after $1.1B deal with Google

  TechCrunch
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  Google Spends $1.1 Billion on Parts of HTC’s Smartphone Division

  Variety