Malaysia says Flight 370 ended in Indian Ocean
Bloomberg: Malaysia concluded that the missing jetliner crashed in the southern Indian Ocean with no hope of survivors, ruling out theories of a detour over Asia or an island landing, as the search for wreckage drags on. An analysis of satellite data shows that the Boeing Co. 777-200ER "flew along the southern corridor and that its last position was in the middle of the Indian Ocean, west of Perth," Prime Minister Najib Razaktold reporters today in Kuala Lumpur after another fruitless day of air and sea patrols.
U.S. March factory activity growth slows slightly, but still strong
Reuters: U.S. manufacturing activity slowed in March after nearing a four-year high last month, but the rate of growth and the pace of hiring remained strong, an industry report showed on Monday. Financial data firm Markit said its "flash" or preliminary U.S. Manufacturing Purchasing Managers Index slipped to 55.5 from 57.1 in February. Readings above 50 indicate expansion.
Tech stocks tank
CNNMoney: It's looking like a tough start to the week for technology stocks. The Nasdaq, which has been the best performer of the year, fell nearly 2 percent Monday. So did CNNMoney's Tech 30 index. Video streaming provider Netflix was under the most pressure Monday. The stock was down 8 percent and was one of the biggest losers in the Tech 30 Monday. Some other well-known Internet stocks, including Yahoo, Linkedin, Twitter, Priceline and Facebook, also suffered.