TOP STORIES
OIL RALLIES AS YEMEN CRISIS ESCALATES
Oil prices jumped after Saudi Arabia and its allies launched a
military campaign in neighboring Yemen. U.S. oil pushed above $50 a
barrel for the first time since March 9, rising to $52.48 a barrel
on Nymex.
HOUTHI MILITANTS PROTEST AFTER SAUDI AIRSTRIKES IN YEMEN
Yemen's ruling Houthi militants organized demonstrations and
lashed out at neighboring Saudi Arabia after it launched airstrikes
against them.
U.S. STOCKS FALL FOR FOURTH SESSION
U.S. stocks declined, with major benchmarks falling for a fourth
straight session, after a midday push higher stalled. The Dow
industrials fell 40 points to 17678.
U.S. JOBLESS CLAIMS FALL TO 282,000
The number of Americans seeking first-time unemployment benefits
fell last week. Initial jobless claims decreased by 9,000 to a
seasonally adjusted 282,000 in the week ended March 21. Economists
had expected 290,000 new claims.
CO-PILOT APPEARS TO HAVE DELIBERATELY CRASHED PLANE
The co-pilot of Germanwings Flight 9525 appears to have
deliberately crashed the plane--killing himself and 149 other
people--after locking himself alone inside the cockpit, according
to French prosecutors.
GOOGLE DETAILS PAY FOR INCOMING FINANCIAL CHIEF
Google said that it would pay its incoming chief financial
officer, Ruth Porat, a base salary of $650,000 as well as a $5
million one-time sign-on bonus, a $25 million new hire grant and a
$40 million biennial grant that begins in 2016.
H-P NEARS DEAL TO SELL CONTROL OF CHINESE UNIT
Hewlett-Packard is nearing a deal to sell control of its
data-networking business in China to Tsinghua Unigroup according to
people familiar with the matter.
GREECE HURRIES TO HAMMER OUT POLICIES TO SATISFY CREDITORS
Greece is hurrying to compile a list of economic overhauls that
satisfies its creditors and secures desperately need bailout aid,
as it runs increasingly low on cash and debt payments loom.
EU TO OPEN EXTENSIVE E-COMMERCE PROBE
The European Union is set to open a sweeping investigation into
whether Internet commerce firms like Amazon.com are violating the
bloc's antitrust laws by restricting cross-border trade.
FEDEX USES 'COMMON CARRIER' DEFENSE
FedEx filed to dismiss Justice Department charges of conspiracy
to distribute controlled substances for its role in allegedly
transporting illegal prescription drugs, arguing that it is legally
protected as a company that carries goods for the public.
DOVER TO SELL SARGENT AEROSPACE UNIT FOR $500M
Dover said it would sell its Sargent Aerospace & Defense
unit to RBC Bearings for $500 million, a deal that comes two months
after the industrial equipment maker outlined plans to divest the
operations.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
The Wall Street Journal
GERMANWINGS CRASH THROWS SPOTLIGHT ON COCKPIT SECURITY
The crash of Germanwings flight 9295 has reignited the debate
over how best to protect an aircraft's cockpit and the role of
reinforced doors, the centerpiece of efforts to bolster aviation
security after the terrorist attacks of Sept. 11, 2001.
Ahead of the Tape
CARNIVAL HAS REASON TO CELEBRATE
Like the old cliché about turning around a supertanker, changing
course at a cruise line can be time consuming, too--particularly at
Carnival, writes Spencer Jakab.