Business Today: Hope lifts Wall Street before Greek election

Click to View in Browser 06/15/2012 Hope lifts Wall Street before Greek election NEW YORK (Reuters) - Stocks rallied on Friday to close a second straight week of gains on hopes of collective action from global central banks if Sunday's election in Greece triggers market turmoil. SEC quizzed Facebook on mobile trends before IPO SAN FRANCISCO (Reuters) - The Securities & Exchange Commission quizzed Facebook Inc on the impact of growth in mobile users in the months leading up to the social network's initial public offering, letters released on Friday by the regulator show. Ex-business titan Gupta guilty of insider trading NEW YORK (Reuters) - Rajat Gupta, a consummate business insider who once sat on the board of Goldman Sachs Group Inc, was convicted on Friday of leaking secrets about the investment bank at the height of the financial crisis, a major victory for prosecutors seeking to root out illicit trading on Wall Street. Central banks prepare for turmoil after Greek vote FRANKFURT/LONDON (Reuters) - Central banks from Tokyo to London checked their ammunition on Friday in preparation for any turmoil from Greece's election, with the European Central Bank hinting at an interest rate cut and Britain set to open its coffers. Analysis: Delta heats up competition for New York flyers ATLANTA/WASHINGTON (Reuters) - Delta Air Lines Inc kicked off a sale on Memorial Day weekend that offered flyers one-way fares from New York's LaGuardia Airport to Philadelphia for as low as $69. Weak factories, sentiment show shaky U.S. recovery WASHINGTON (Reuters) - Factory output contracted in May for the second time in three months and families took a dimmer view of their economic prospects in early June, signs that the economy's recovery is on shaky ground. Analysis: Petrobras $237 billion plan a fiction without fuel hike RIO DE JANEIRO (Reuters) - Petrobras , Brazil's state-led oil company, and its latest business plan have a serious problem. Wynn says Okada motion recycles old claims HONG KONG (Reuters) - Wynn Resorts, ensnarled in a lawsuit with its one-time largest shareholder, dismissed as old "baseless allegations" a motion by Japanese pachinko tycoon Kazuo Okada to stop the casino from forcibly buying his shares. Mexico's Slim to keep YPF stake at least short-term MEXICO CITY (Reuters) - Mexican tycoon Carlos Slim and his family plan to keep their 8.4 percent stake in Argentine energy company YPF at least for the short-term, a spokesman for the billionaire told Reuters on Friday. Chilton wants CFTC's own attorney on MF Global WASHINGTON (Reuters) - A U.S. futures regulator said he was keen to see his agency hire its own attorney in Britain to help recover customer funds lost during MF Global's chaotic final days. Related Video HK bourse agrees hefty sum for LME Breakingviews: Getting over too big to fail Economic News NY Fed: Manufacturing growth slowest since November 2011 State jobless rates drop, raise election stakes 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