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World stocks mixed ... Crude rises ... China holds steady

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BEIJING (AP) — Global stock markets were mixed today after major Wall Street indexes hit new highs and China reported unexpectedly strong economic growth. Futures for the Dow Jones industrial average and the Standard & Poor's 500 index were unchanged.

NEW YORK (AP) — Benchmark U.S. crude gained 16 cents to $46.70 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 46 cents on Friday to close at $46.54. Brent crude added 7 cents to $48.98 in London.

BEIJING (AP) — China's economic growth held steady at 6.9 percent in the quarter ending in June, exceeding most forecasts. Growth was boosted by unexpectedly strong retail sales and trade, which offset softer investment.

SACRAMENTO, Calif. (AP) — California lawmakers are nearing a vote on a climate change initiative. The decision could give another decade of life to California's expiring cap-and-trade program. Gov. Jerry Brown is calling the legislation essential for the survival of civilization.

DUBAI, United Arab Emirates (AP) — Emirates, the Middle East's largest airline, and budget carrier flydubai have announced plans to more closely integrate their operations. The two airlines operate independently, but are owned by the same entity.

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