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• Ukraine Says Russia Exporting ‘Terror’ Amid Eastern Push (BBG)
• Civil War Threat in Ukraine (Reuters)
• China Shoe Plant Strike Disrupts Output at Nike, Adidas Supplier (BBG)
• Mt Gox to liquidate (WSJ)
• Ex-Co-Op Bank Chairman Charged With Cocaine Possession (BBG)
• Goldman Sachs plans to jump-start stock-trading business (WSJ)
• Credit Suisse first-quarter profit falls as trading tumbles (Reuters)
• U.K. Unemployment Rate Falls to Five-Year Low (BBG)
• Lawmakers Back High-Frequency Trade Curbs in EU Markets Law (BBG)
• Yahoo's growth anemic as turnaround chugs along (Reuters)
• Spain ETF Grows as Rajoy Attracts Record U.S. Investments (BBG)

• J.P. Morgan's Dimon Describes Year of Pain (WSJ)
• SAC Faces a Final Reckoning for 14 Years of Insider Scam (BBG)
• New Standards for $693 Trillion Swaps Market Increase Risk of Blowup (BBG)
• China says no major stimulus planned; March trade weak (Reuters)
• As we said in 2012 would happen: Record Europe Dividends Keep $3 Trillion From Factories (BBG)
• Blame it on the algo: Deutsche Bank Said to Find Improper Communication in FX Case (BBG)
• Coke Sticks to Its Strategy While Soda Sales Slide (WSJ)
• Ukraine’s Rust Belt Faces Ruin as Putin Threatens Imports (BBG)
• RBC Joins Goldman in Suing Clients After Singapore Crash  (BBG)
• U.S. House panel to look at aluminum prices, warehousing (Reuters)
• Brooklyn Apartment Rents Jump to a Record as Leases Surge (BBG)

• Top Medicare Doctor Paid $21 Million in 2012, Data Shows (BBG)
• Separatists build barricades in east Ukraine, Kiev warns of force (Reuters)
• Greece launches sale of five-year bond (FT)
• High-Frequency Trader Malyshev Mulls Accepting Outside Investors (BBG)
• U.S. defense chief gets earful as China visit exposes tensions (Reuters)
• GM Workers Who Built Defective Cars Fret About Recall (BBG)
• Kerry, Congress Agree: Superpower Status Not What It Was (BBG)
• Crimeans Homeless in Ukraine Seek Solace in Kiev Asylums (BBG)
• JPMorgan's Dimon says U.S. banks healthy, Europe lagging (Reuters)

• Russia's Gazprom says Ukraine did not pay for gas on time (Reuters)
• Ukraine Moves to Keep Control in East (BBG)
• Banks Set to Report Lower Earnings as Debt Trading Slumps (BBG)
• More DeGeners and Obama selfies needed: Samsung's lower first-quarter estimate highlights smartphone challenges (Reuters)
• Citi Is Bracing to Miss a Profit Target (WSJ)
• Another slam from GM? Safety group calls for U.S. probe of Chevy Impala air bags (Reuters)
• Japan drugmaker Takeda to fight $6 billion damages imposed by U.S. jury (Reuters)
• EU court rules against requirement to keep data of telecom users (Reuters)
• White House may ban selfies with president after Ortiz-Obama photo promotes Samsung (Syracuse)

• Why did Yellen use criminals in her employment case studies? Hilsenrath explainz (Hilsenrath)
• GM avoided defective switch redesign in 2005 to save a dollar each (Reuters)
• Xuzhou Zhongsen Said to Avert Bond Default on Guarantor Aid  (BBG)
• France's New Finance Minister Faces Fiscal Challenge (WSJ)
• The magic is gone: Draghi’s Attempt to Talk Down Euro Lost on Traders (BBG)
• Another John Kerry smashing success: U.S. Gambit on Mideast Peace Talks Falters (WSJ)
• Combat-Ready China Military Seen as Xi’s Goal in Graft Battle (BBG)
• Huge earthquake off Chile's north coast triggers tsunami (Reuters)
• Pressure rises on Gross as investors pull $3.1 billion from Pimco's flagship fund (Reuters)

• China premier warns on economic slowdown as data fans stimulus talk (Reuters)
• Li says China defaults ‘unavoidable’ (FT)
• Russia Said to Ready for Iran-Style Sanctions in Worst Case (BBG)
• Rescue the tapes from the Bank of England’s dustbins  (FT)
• Obama Warns Putin of Cost to Russia for Annexing Ukraine (BBG)
• The TVIX is back: Credit Suisse VIX Note That Ran Amok in 2012 Back on Top (BBG)
• U.S. Risks National Blackout From Small-Scale Attack (WSJ)
• U.S. Investigators Suspect Missing Airplane Flew On for Hours (WSJ)
• Malaysia says no evidence missing plane flew hours after losing contact (Reuters)
• Missed Alarms and 40 Million Stolen Credit Card Numbers: How Target Blew It (BBG)
• Death Toll in NYC Building Blast Rises to Six; Search Continues (BBG)

• China worries chill markets, copper slumps (Reuters)
• Peak dot com dot two idiocy: Candy Crush Saga maker King seeks $7.56 bln valuation from IPO (BBG)
• Obama Meeting With Yatsenyuk Raises Stakes in Ukraine (BBG)
• Federal prosecutors open criminal probe of GM recall (Reuters)
• Pimco Cuts Government Debt on Outlook for Fed Buying (BBG)
• Missing Malaysian Jetliner Confuses World That’s Online 24/7 (BBG)
• Mortgage Giants Face Endgame (WSJ)
• Russia Calls U.S. Aid to Ukraine Illegal Amid Standoff (BBG)
• U.S. judge freezes assets of Mt. Gox bitcoin exchange boss (Reuters)
• Ousted Libyan PM flees country after tanker escapes rebel-held port (Reuters)
• Senate-CIA Dispute Erupts Into a Public Brawl (WSJ)

• Putin rebuffs Obama as Ukraine crisis escalates (Reuters)
• Behind the $100 Billion Commodity Empire That Few Know (BBG)
• Initial Public Offerings Hit Pace Not Seen in Years (WSJ)
• Russian Parliament Will Back Crimea Split From Ukraine (WSJ)
• Nakamoto Named as Bitcoin Father Denies Involvement, Flees Press (BBG)
• Chaori Can’t Make Payment in China’s First Onshore Default (BBG)
• Zombies Spreading Shows Chaori Default Just Start (BBG)
• Pimco's Gross declares El-Erian is 'trying to undermine me' (Reuters)
• U.S. Fighters Circle Baltics as Putin Fans Fear of Russia (BBG)

• No need to use military force in Ukraine for now: Putin (Reuters)
• Russia Orders Drill Troops Back to Bases (WSJ)
• Ukraine premier agrees to reforms for aid package (FT)
• Japan Base Wages Rise for First Time in Nearly Two Years (WSJ)
• Only the algos are trading: Citigroup Joins JPMorgan in Seeing Trading-Revenue Drop  (BBG)
• Vietnam sends blogger to prison for critical posts (AP)
• At White House, Israel's Netanyahu pushes back against Obama diplomacy (Reuters)
• Obama to offer new tax breaks for workers in election year budget pitch (Reuters)
• China Banks Show Too-Connected-to-Fail Link to Shadow Loans (BBG)
• Ex-BOK Deputy Lee Named to Head South Korea Central Bank (BBG)
• No mortgage origination problem in the UK: Mortgage approvals climb to six year high (Telegraph)

There go the margins... For months, Netflix and Comcast have been 'negotiating' over whether the video streaming service should pay for the apparently excessive load it places on Comcast's network, but now, as the WSJ reports, Netflix has agreed to pay to stop the network provider slowing its stream and impacting customers. According to Netflix data published in January, the average speeds of Netflix's prime-time streams to Comcast subscribers had dropped 27% since October. With Netflix accounting for almost 30% of web traffic at peak times, it is no surprise that Comcast's squeeze finally paid off. There are no details yet on the multi-year "mutually beneficial" deal but it is clear that broadband providers are gaining leverage over content providers.

Two pieces of business news announced this week provide a convenient frame through which to view our dysfunctional and distorted economy. The first (which has attracted tremendous attention), is Facebook's blockbuster $19 billion acquisition of instant messaging provider WhatsApp. The second (which few have noticed) is the horrific earnings report issued by Texas-based retail chain Conn's. While these two developments don't seem to have much in common, together they shed some very unflattering light on where we stand economically.

• Facebook CEO Raises Dealmaker Profile With $19 Billion Takeover (BBG)
• WhatsApp’s Founder Goes From Food Stamps to Billionaire (BBG)
• U.S. Feels Putin's Sharp Elbows in Ukraine (WSJ)
• PBOC Drains Cash as Overnight Rate Slides to Lowest in 10 Months (BBG)
• Fed Puts Rate Increase on the Radar (Hilsenrath)
• Banks Flouting Bonus Rules in Denmark Set to Be Named by FSA (BBG)
• Work Set to Resume on Upgrading Panama Canal (WSJ)
• Euro-Area Recovery Loses Pace as Manufacturing Weakens (BBG) - uh, what recovery?
• Ukraine Exposes EU Policy Disarray (WSJ)

For years, the Netflix streaming business has been growing like a parasite, happy to piggyback on established broadband infrastructures, where the broadband companies themselves have becomes competitors to Netflix for both distribution and content. Until now. Emboldened by the recent Net Neutrality ruling, which has put bandwidth hogs like Netflix which at last check was responsible for over 30% of all downstream US internet traffic broadband providers are finally making their move, and in a preliminary salvo whose ultimate compromise will be NFLX paying lots of money, have started to throttle Netflix traffic. The WSJ reports that the war between the broadband-ers and the video streaming company has finally emerged from the "cold" phase and is fully hot.

• Ukraine leader denounces coup bid, West weighs sanctions (Reuters)
• Time to buy Imodium calls: Kuroda Easing Doomed as Yen Seen Missing 120 Level (BBG)
• Teens Disappear From U.S. Workforce (BBG)
• Fed Sets Rules for Foreign Banks (WSJ)
• Quant Funds Feel Investor Bite After Underperforming (BBG)
• China Probes Qualcomm, InterDigital Over Monopoly Concerns (WSJ)
• Capital One says it can show up at cardholders' homes, workplaces  (LATimes)
• SEC Gains Power to Take Profit Made From Insider Trading (BBG)

• Carl Icahn wins again: Actavis to Buy Forest Labs for $25 Billion (WSJ)
• ECB governing council member attacks German court ruling on OMT (FT)
• China Tackles $1 Trillion Data Gap as Xi Changes Metrics (BBG)
• FX Traders Facing Extinction as Computers Replace Humans (BBG)
• BOJ Boost to Loan Programs Signals Room for More Easing (BBG) - actually no it doesn't as it was "factored in"
• Four killed in Thai clashes; PM to face charges over rice scheme (Reuters)
• Goodbye unsterilized SMP: Bundesbank Backs Measure to Boost Funds in Banking System  (WSJ)
• Iranian Hacking to Test NSA Nominee Michael Rogers (WSJ)
• Ukraine Clashes Leave Dozens Wounded as Putin Resumes Bailout (BBG)