Business Today: Wall Street down after factory data, last week's records

	Click to View in Browser 04/1/2013 Wall Street down after factory data, last week's records NEW YORK (Reuters) - Stocks fell on Monday in one of the lightest volume days of the year, pulling back after the S&P 500's record closing high last week and weaker-than-expected manufacturing data. Cooling factory activity hints at slowing economy WASHINGTON (Reuters) - Factory activity grew at the slowest rate in three months in March, suggesting the economy lost some momentum at the end of the first quarter as the effects of tighter fiscal policy started kicking in. Novartis loses landmark India cancer drug patent case 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. BP spill claims administrator urges dismissal of lawsuit (Reuters) - The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company's lawsuit over how he determines damages claims. Chesapeake ex-CEO McClendon to be deposed in bond dispute NEW YORK (Reuters) - Bank of New York Mellon Corp will depose newly departed Chesapeake Energy Corp Chief Executive Aubrey McClendon in its dispute with the energy company over a bond redemption, lawyers for both companies said at a hearing in federal court on Monday. Supreme Court sends back lawsuit on washing machines WASHINGTON (Reuters) - The Supreme Court on Monday wiped out an appeals court ruling in favor of consumers who bought front-loading washing machines made by Whirlpool Corp . 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. Chesapeake Energy will be on budget this year: CEO HOUSTON (Reuters) - Natural gas company Chesapeake Energy Corp is on track to stay within its budget for the year, Steve Dixon, the newly appointed interim chief executive officer, said on Monday. GM expects truck buyers to choose high-end models, more features DETROIT (Reuters) - General Motors Co expects to sell more high-end versions of its new full-size pickup trucks as American truck buyers opt for advanced safety features that outgoing models do not offer, executives said on Monday. Walmart U.S. offers gasoline discount to woo shoppers NEW YORK (Reuters) - Walmart is cutting gasoline prices by up to 15 cents a gallon for drivers in 21 U.S. states who pay with its cards in an attempt to woo shoppers grappling with high prices at the pump. Related Video Artist's "Breathing Bike" a breath of fresh air in smoggy Beijing Trading at Noon: Nasdaq lower but eBay leads tech trading Economic News Cooling factory activity hints at slowing economy Private, public spending lift construction outlays 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