From the Wires

Tiny houses to serve as affordable housing

Homes of roughly 200 square feet could be quickly and cheaply built to house homeless and low-income residents in Portland.

Bank of America agrees to $17B settlement

USAToday. The settlement is the largest in history between the federal government and a single company.

Family Dollar rejects bid from Dollar General

CNN: Family Dollar says it's sticking with an agreement to merge with Dollar Tree for less money.

U.S. dollar hits nine-month high against euro

Reuters: The U.S. dollar hit nine-month highs against the euro and rose against a basket of major currencies after strong U.S. housing data bolstered expectations for an earlier-than-expected rate hike from the Federal Reserve.

Demand for tablets declines

WSJ: Apple said unit sales on the iPad—the best-selling tablet on the market—fell for a second straight quarter.

U.S. housing market improving

Reuters: Groundbreaking for new housing jumped 15.7% last month to a seasonally adjusted 1.09-million unit annual pace, the highest level since November.

Hospital network hacked, 4.5M records stolen

Bloomberg: Chinese hackers stole data from 4.5 million patients of Community Health Systems Inc., the second-largest for-profit hospital chain in the United States.

Dollar General enters bid for Family Dollar

BBC: Dollar General made a $9.7 billion offer for the discount retailer, triumphing the $8.5 billion offer Dollar Tree made last month.

More than a third of Americans lack retirement savings

TIME: A new survey found that 36% of Americans have not set aside any money for retirement.

Coca-Cola acquires major stake in Monster Beverage

Reuters: The world's largest soda maker paid $2.15 billion in cash for a 16.7% stake in Monster Beverage Corp.

Panama Canal turns 100

CBS: Today marks the centennial anniversary of the opening of the Panama Canal, an engineering marvel that permanently changed world trade.

Cisco Systems Inc. to cut another 6,000 jobs

Reuters: The network equipment maker said it plans to cut another 6,000 workers as it transitions towards a new cycle of high-end switches and routers.

U.S. consumer debt declines for the first time in a year

Bloomberg: Household debt dropped 0.2%, or $18 billion, to $11.63 trillion from January through March 2014.