In the unofficial kickoff of earnings season, Alcoa (AA) beat on profit but missed estimates on revenue. The metals giant also announced up to 2,000 jobs. Meanwhile, railroad operator CSX (CSX) issues quarterly results after this afternoon's closing bell.
New crash tests of full-size pickup trucks raised questions about the safety of Fiat Chrysler's (FCAU) popular Ram 1500. The Insurance Institute for Highway Safety assigned the vehicle an overall rating of "marginal." (CNBC)
Meanwhile, the F-150 Super Cab from Ford (F) received a "top safety pick" rating in the new testing by the Insurance Institute for Highway Safety. The vehicle was the only large pickup truck model to receive that rating. (CNBC)
General Motors (GM) has decided to shift production of a small crossover SUV and a $245 million investment from its Orion Township, Michigan assembly plant to the Fairfax, Kansas plant instead. (USA Today)
United Continental (UAL) is likely to strike a deal with activist investors within the next week or so. Sources told CNBC a deal would include more new directors for the airline's board as well as the possibility of a new independent chairman.
Following the lifting of nuclear sanctions on Iran, Boeing (BA) has opened negotiations to sell its jets there. The Islamic Republic's state-run news agency said Boeing offered three models of new aircraft. (AP)
GOP presidential front runner Donald Trump's political stumbles have not eroded his commanding lead in next week's delegate-rich New York primary, according to a new NBC News/Marist poll. (CNBC)
On the Democratic side, New York-born Bernie Sanders, who represents Vermont in the Senate, has been unable to overcome Hillary Clinton's lead her adopted home state where she won two senate elections. (CNBC)
House Ways and Means Committee Chairman Kevin Brady told CNBC tax reform is "inevitable." The Texas Republican also discussed the Fed's shortcomings and President Barack Obama's trade deal.