TOP STORIES 
 
MORGAN STANLEY'S RESULTS IMPROVE

Morgan Stanley's 1Q profit rose 59% to $2.39 billion as it benefited from busy markets and a flurry of corporate mergers. Revenue was $9.91 billion, or $9.78 billion excluding accounting adjustments. Results beat estimates. Shares up 1%.

 
U.S. STOCKS TRADE HIGHER

U.S. stocks rose, rebounding from steep declines on Friday, amid news of more stimulus from China and upbeat corporate news. European stocks added to the positive tone.

 
COMCAST, TIME WARNER CABLE TRYING TO SAVE MERGER

Comcast and Time Warner Cable are slated to sit down for the first time on Wednesday with Justice Department officials to discuss potential remedies in hopes of keeping their $45.2 billion merger on track, according to people familiar with the matter.

 
CHINA CUTS BANKS' RESERVE RATIO

China central bank's one-percentage-point cut in the reserve requirement, announced Sunday, was the second reduction in less than a quarter and the biggest since December 2008, freeing up about $200 billion for banks to lend.

 
HASBRO REVENUE, PROFIT TOP EXPECTATIONS

Hasbro posted better-than-expected 1Q revenue and profit, as the toy maker logged growth despite foreign exchange impacts. Hasbro's Transformers toys and preschool division helped drive growth. Shares up 8%.

 
GROUPON TO SELL 46% STAKE IN TICKET MONSTER

A consortium including KKR will buy a controlling stake in Ticket Monster, South Korea's No. 2 mobile commerce company, from Groupon in a deal valuing the company at $782 million.

 
HALLIBURTON FEELS IMPACT FROM LOWER OIL PRICES

Halliburton posted a 1Q loss as it continues to feel the impact from lower oil prices. The latest quarter included $823 million in write-downs, write-offs and severance charges, among other items. Revenue and earnings before items topped analysts' expectations.

 
OIL PRICES FALL ON U.S. DOLLAR STRENGTH

Oil prices fell as the U.S. dollar rose, reversing earlier gains after China announced fresh economic stimulus. June Brent crude fell 1.4% to $62.60 a barrel on London's ICE Futures exchange. Nymex crude futures traded at $55.27, down 47c.

 
ABE: U.S., JAPAN "CLOSE" TO AGREEMENT ON TPP

Japanese Prime Minister Shinzo Abe said Tokyo and Washington are near an agreement on a major Pacific free-trade pact, a deal that would help advance President Barack Obama's economic agenda and tighten ties between the two allies as they seek to counter China's growing influence.

 
DRAGHI: ECB ACTIONS CONTINUE "TO UNDERPIN CONFIDENCE" IN THE EURO

The European Central Bank's basket of policy measures as well as its review of banks' balance sheets has further cemented confidence in the single currency, the central bank's president said.

 
CHICAGO FED INDEX SIGNALS SLOWER GROWTH

Soured by lagging production, a snapshot of the U.S. economic landscape last month slipped deeper into sagging growth. The Chicago Fed National Activity Index moved down to -0.42 in March from February's -0.18.

 
 
 
 
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Grand Central 
WHAT IF THIS IS AS GOOD AS IT GETS?

By April every year in wake of the financial crisis, it seems the world's top finance officials and central bankers are busy revising down expectations for annual growth and navigating some brewing financial storm. Sign up here for The Wall Street Journal's daily report on global central banks.

 
Capital Journal Daybreak 
OBAMA TO LOBBY UAE TO BACK IRAN DEAL

President Obama's sales pitch to garner support from the Arab states for his Iran diplomacy pushes forward this week. Sign up here for The Wall Street Journal's morning rundown of the biggest news driving Washington.