TOP STORIES 
 
MCDONALD'S TO RAISE HOURLY PAY FOR 90,000 WORKERS 

McDonald's plans to raise pay for workers by more than 10% and add benefits like paid vacation, an effort to rejuvenate the struggling fast-food giant that offers fresh evidence of rising wage pressure in the American labor market.

 
U.S. STOCKS FALL ON WEAK ECONOMIC DATA 
 

Stocks fell after weak economic data added to concerns about U.S. growth and corporate profits at the start of the year. The Dow Jones Industrial Average shed 78 points to 17698.

 
U.S. MANUFACTURING SLOWS FOR FIFTH STRAIGHT MONTH 
 

U.S. manufacturers stumbled to close out the first quarter amid a tough winter and the rising dollar, but economists believe the sector will rebound during the spring along with the broader economy.

 
PRIVATE SECTOR JOBS UP ONLY 189,000 IN MARCH 
 

Private payrolls in the U.S. rose by 189,000 jobs in March, according to employment report compiled by ADP and Moody's Analytics. The number was far below expectations; economists had projected 225,000 new jobs added.

 
U.S. AUTO SALES FALL IN MARCH 
 

GM and Ford posted lower U.S. vehicle sales in March, while Fiat Chrysler posted a 1.7% uptick amid strength in Jeep brand. March included one less selling day than prior-year month, which is likely dragging down auto makers' sales for the period.

 
IRAN, WEST STRUGGLE TOWARD NUCLEAR DEAL 
 

Negotiators at the Iran nuclear talks struggled to bridge their differences a day after they missed the deadline to conclude a framework outlining the elements of a final deal.

 
KRAFT, MONDELEZ ACCUSED OF MANIPULATING WHEAT MARKETS 
 

Kraft Foods Group and Mondelez International were charged with manipulating and trying to manipulate the prices of cash wheat and wheat futures by the regulator of those markets.

 
ARKANSAS GOVERNOR CALLS FOR CHANGES TO RELIGIOUS-FREEDOM BILL 
 

Arkansas Gov. Asa Hutchinson called for changes to a religious-freedom bill passed by the state's legislature, after it sparked an outcry akin to the one that followed a similar law in Indiana from groups and companies who say it could be used to discriminate against gays and lesbians.

 
CALIFORNIA ORDERS MANDATORY WATER CUTS 
 

California Gov. Jerry Brown ordered unprecedented mandatory water cuts across the Golden State after the latest measurements show the state's mountain snowpack has shrunk to a record low of 5% of normal for this time of year.

 
GREECE PRESENTS MORE DETAILED BAILOUT PLAN 
 

Greece made little headway in negotiations toward ending its standoff with its international creditors, leaving the government facing the prospect of at least another month without new financing and starved for cash.

 
GODADDY'S SHARES JUMP IN MARKET DEBUT 
 

Shares of GoDaddy, a technology provider to small businesses, jumped 31% in their market debut as investors piled into the company known nearly as much for its racy television commercials as it is for selling Web domains.

 
 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
The Wall Street Journal 
HARD DECISIONS ON EASY MONEY 
 

The Fed is getting what it wanted from six years of near-zero interest rates and trillions of dollars of bond buying: unemployment approaching levels often thought of as "full employment." It's also getting some less savory side effects, Greg Ip writes.

 
Ahead of the Tape 
KICK THE TIRES ON CARMAX 
 

Shares of CarMax have returned more than 50% in the past six months, beating other listed auto dealers. Mega auto dealers look like a good business but at its current price, CarMax shares are richly valued, writes Spencer Jakab.