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1. The Bush administration has formally rolled out its proposal to overhaul¹ financial rules. The plan would change how the government regulates thousands of businesses. They range from the nation’s biggest banks and investment houses down to the local insurance agent and mortgage broker².

2. Parts of Oklahoma are still under a severe thunderstorm warning and tornado³ watch. That’s after a night of damaging storms. The National Weather Services is investigating whether a small tornado touched down in Edmond, just north of Oklahoma City. 

3. More than three dozen WrestleMania fans were hurt when fireworks and cables flew into a packed crowd. Official say most of the injuries were minor⁴ burns. But three people were taken from the Florida Citrus Bowl Stadium to an Orlando hospital Sunday night.

4. Aloha Airline says it’s shutting down after more than 60 years of service. The president of the company says it’s suffered from unfair competition since a new airline entered service two years ago. The Hawaii-based airline will stop taking reservations after today.