Business Today: Wall Street set for flat open after S&P's closing high

		Click to View in Browser 04/1/2013 Wall Street set for flat open after S&P's closing high NEW YORK (Reuters) - Stock index futures pointed to a flat open on Monday, with investors finding few reasons to keep pushing stocks higher with both the Dow and S&P 500 coming off record closing highs. Novartis loses landmark India patent case on Glivec MUMBAI/NEW DELHI (Reuters) - India's top court dismissed Swiss drugmaker Novartis AG's attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a victory for local makers of cheap generics. MetroPCS urges shareholders to vote for T-Mobile deal (Reuters) - MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG unit T-Mobile USA Inc after two proxy advisory firms recommended that shareholders vote against the deal. Lear settles with activist investors, to increase share buybacks (Reuters) - Auto parts maker Lear Corp avoided a proxy battle with investors Marcato Capital Management LLC and Oskie Capital Management LLC by agreeing to increase and quicken the pace of its share buyback program, and add a new board member. Russia won't help out Cyprus depositors, says minister MOSCOW (Reuters) - The Russian government will not aid businesses that have lost money in Cyprus, First Deputy Prime Minister Igor Shuvalov said, underscoring Moscow's resolve to clamp down on the flight of capital to offshore financial centers. China March PMIs rebound, domestic demand shines BEIJING (Reuters) - Stronger domestic demand helped China's factory activity to rebound in March, with new orders up sharply in a sign that the underlying economic recovery is strong enough to weather any risks from patchy export performance, surveys showed on Monday. Analysis: Germany sees itself as Europe's grown-up, children sullen BERLIN (Reuters) - Buoyed by solid finances, roaring exports and low unemployment, Germany increasingly sees itself as the only grown-up in Europe, responsible for bringing wayward children into line to hold the family together. J.C. Penney's home revamp is make or break for CEO Johnson (Reuters) - It's crunch time for J.C. Penney Co Inc Chief Executive Ron Johnson. Volkswagen to boost headcount by 9 percent by 2018: report FRANKFURT (Reuters) - Volkswagen will boost its global headcount to 600,000 by 2018 from 550,000 as part of its aim to become the world's biggest carmaker, works council chief Bernd Osterloh told a German newspaper. Insight: China's losing battle against state-backed polluters SHANGHANG COUNTY, China (Reuters) - When Zijin Mining Group threatened to move its headquarters some 270 kms from its home county of Shanghang to Xiamen on China's southeast coast, a local Communist Party boss rushed to confront the company's chairman Chen Jinghe. Related Video U.S. Morning Call: Markets set to start Q2 with a whimper Meet 'Zoe' - the avatar with attitude Economic News Consumer data support sturdy first-quarter growth picture New York state passes budget on time third year in a row A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend