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| Now may be a good time to start normalizing monetary policy, St. Louis Fed President James Bullard said in a speech. The economy has normalized, he added. (Reuters) |
 Atlanta Fed President Dennis Lockhart joins CNBC's "Squawk Box" at 8:15 a.m. ET to give his views on the future for interest rates and how jittery markets should be interpreting the central bank's intentions. |
| American warplanes began airstrikes against Islamic State positions in the Iraqi city of Tikrit, aiding a three-week offensive by a coalition of Shiite militias and Iraqi security forces. (NY Times) |
| An investigator in the Germanwings crash said evidence from a cockpit voice recorder indicated one pilot left the cockpit before the plane's descent and was unable to get back in. (NY Times) |
| A series of tornadoes ripped through the Tulsa, Oklahoma-area, killing one person and injuring several others, while leaving a trail of destruction and knocking out power. (NBC News) |
| Apple (AAPL) and its Beats music service are working on a subscription streaming service that will have neither a free tier nor a lower price tag than its competitors. (NY Times) |
| Microsoft (MSFT) announced it would require many of its 2,000 contractors and vendors to provide their employees who perform work for the software giant with 15 paid days off for sick days and vacation time. (NY Times) |
| A lightweight drone with the wingspan of a jetliner, beaming Internet access, is the centerpiece of Facebook's (FB) plans to connect with the five billion or so people it has yet to reach. (NY Times) |
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