Business Today: Wall Street closes higher, Alcoa rises late

	Click to View in Browser 04/8/2013 Wall Street closes higher, Alcoa rises late NEW YORK (Reuters) - Stocks ended a volatile session higher on Monday as investors looked ahead to an earnings season expected to show modest growth despite concerns about macroeconomic conditions. HSBC says margins to boost Gulf's use of Chinese yuan DUBAI (Reuters) - Changing trading patterns and pressure to improve profit margins will boost the Gulf's use of the Chinese yuan in coming years, the head of banking giant HSBC's China operations said on Monday. AIG files to dismiss part of Greenberg suit over bailout (Reuters) - Insurer American International Group Inc has asked a court to block Maurice "Hank" Greenberg's efforts to sue the government on AIG's behalf, saying its former CEO has not proven he should have the right to do so. GE to buy oil pump maker Lufkin for nearly $3 billion (Reuters) - General Electric Co is buying oilfield pump maker Lufkin Industries Inc for $2.98 billion, sharply increasing its presence in the fast-growing market to extract oil and natural gas from shale rock, the conglomerate said on Monday. Airbus sales chief aims to hit 750 plane orders in 2013 MOBILE, Alabama (Reuters) - The sales chief at EADS unit Airbus said on Monday the aircraft maker can sell 750 jets this year, confirming the top end of a 700-750 sales range the company has previously announced. Fox makes threats to become cable channel amid Aereo dispute LAS VEGAS (Reuters) - Broadcast TV network Fox could become a subscription service that customers would have to pay for if the courts are not able to protect Fox's business from the startup Aereo, News Corp Chief Operating Officer Chase Carey said on Monday. Banking union a priority for Lew in Europe BRUSSELS (Reuters) - Europe's economic weakness and financial turmoil affect the U.S. economy, U.S. Treasury Secretary Jack Lew told EU leaders on Monday, stressing the need to boost demand and move ahead with a euro zone banking union. Macy's, J.C. Penney resume Martha Stewart courtroom tussle NEW YORK (Reuters) - Macy's Inc and J.C. Penney Co Inc were back in court on Monday in their fight over Martha Stewart, with Macy's claiming that some of the items Penney has begun selling on its website infringe on its exclusive deal with the home goods guru. JetBlue Airways will get first U.S.-made Airbus jet MOBILE, Alabama (Reuters) - JetBlue Airways Corp Chief Executive Dave Barger said on Tuesday that his airline will receive the first U.S.-assembled Airbus jet, which will roll off the assembly line in 2016. Hair Club, Bosley hair company settle FTC charges WASHINGTON (Reuters) - Bosley Inc, which markets treatments for balding men, has settled charges that it gave sensitive business information about products and prices to a competitor with which it later decided to merge, the U.S. Federal Trade Commission said on Monday. Related Video Techquity: WhatsApp with Google?, money in app stores Daily Digit: Avon chops 400 jobs Economic News Curbing asset buys could reduce risks: Fed's Pianalto U.S. to press Europe on rebalancing economic demand: official 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