Markets are lifted by Fed comments that the economy is recovering and that it will keep rates low. (Reuters)
Chrysler posts its best earnings since being partially taken over by Fiat. (Reuters)
Samsung says its new Galaxy phone will use a quad-core processor. (Reuters)
Georgetown University’s Center on Education and the Workforce and researchers from Harvard find that, for the first time in decades, young people are not better-educated than the generation before them. (WSJ)
AIG (NYSE: AIG) bonds attract a large number of investors. (WSJ)
The CEO of Groupon (NASDAQ: GRPN) says the company must mature to be more successful. (WSJ)
The China’s Ministry of Industry and Information Technology says foreign companies could team with China to produce rare earths. (WSJ)
The Senate passes legislation to underwrite Post Office losses and allow it to keep current services. (WSJ)
The UK falls back into recession in the first quarter. (WSJ)
The FDA will set a new system to detect faulty medical devices. (WSJ)
The European divisions of General Motors (NYSE: GM) and Ford (NYSE: F) are likely to drag down corporate earnings. (WSJ)
US Airways (NYSE: LCC) continues a push for a buyout of American Airlines parent AMR. (WSJ)
Caterpillar (NYSE: CAT) raises forecasts. (WSJ)
Yahoo! (NASDAQ: YHOO) to launch a new program hosted by Katie Couric. (WSJ)
Formula One plans a $2.5 billion IPO in Singapore. (WSJ)
Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX) each raise dividends. (FT)
French presidential candidate François Hollande wants Germany to take up new stimulus plans for Europe. (FT)
Nasdaq (NASDAQ: NDAQ) shortens a waiting period for the Facebook IPO as a way to get the social network’s listing. (Bloomberg)
Alcatel-Lucent (NYSE: ALU) posts poor earnings, which drags down its shares. (Bloomberg)
Douglas A. McIntyre
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