Business Today: Wall Street rises as central banks stand ready

Click to View in Browser 06/14/2012 Wall Street rises as central banks stand ready NEW YORK (Reuters) - U.S. stocks jumped on Thursday after news major central banks are preparing coordinated action if the results of Greek elections this weekend generate turmoil in financial markets. Data points to soft U.S. economy, possible Fed action WASHINGTON (Reuters) - New claims for U.S. state jobless benefits rose for the fifth time in six weeks and consumer prices fell in May, opening the door wider for the U.S. Federal Reserve to help an economy that shows signs of weakening. Exclusive: Central banks ready to combat Greek market storm WASHINGTON (Reuters) - Central banks from major economies stand ready to take steps to stabilize financial markets by providing liquidity and preventing a credit squeeze if the outcome of Greek elections on Sunday causes tumultuous trading, G20 officials told Reuters. BoE, UK Treasury to ease tight credit: Osborne LONDON (Reuters) - Britain's government and the Bank of England will act together with new monetary policy tools to tackle tightening credit and financial market conditions triggered by the euro zone crisis, finance minister George Osborne said on Thursday. Spain, Italy vow action as borrowing costs soar BERLIN/MADRID (Reuters) - Spain and Italy, under increasing fire in Europe's debt crisis, promised new measures to repair their public finances as their soaring borrowing costs raised new alarm ahead of a cliffhanger Greek election. United Technologies sees industrial units sale in Q3 NEW YORK/BOSTON (Reuters) - United Technologies Corp expects to receive second-round bids for its industrial units that make pumps and compressors by the end of June, and could announce a deal in the third quarter, the company's chief financial officer said on Thursday. Allen Stanford sentenced to 110 years in prison HOUSTON (Reuters) - Former billionaire Allen Stanford was sentenced to 110 years in prison on Thursday for running a $7 billion scheme in which he stole money from his investors to finance an extravagant lifestyle in the Caribbean. Exclusive: Dell is "strategic" bidder for Quest: sources SAN FRANCISCO/NEW YORK (Reuters) - Dell Inc is the "strategic bidder" that offered to buy Quest Software for about $2.15 billion in cash, sources familiar with the matter said, confirming the PC maker is the unidentified acquirer Quest said was topping a rival offer by Insight Venture Partners. U.S. Senate panel OKs budget boosts for SEC, CFTC WASHINGTON (Reuters) - U.S. Senate appropriators approved major funding boosts for the country's financial market regulators on Thursday, setting up a likely battle with Republicans who want to use the power of the purse to slow down the 2010 Dodd-Frank Wall Street reforms. Exclusive: Bank of America shops Huntsman to PE firms: sources NEW YORK (Reuters) - Bank of America Merrill Lynch has reached out to several top U.S. private equity firms to gauge their interest in a potential deal for Huntsman Corp , sources said, in the latest sign the U.S. chemicals company may be considering a sale. Related Video Trading at Noon: UBS, Credit Suisse to boost capital Wealth Strategies: Need info on risk, profit at JPM unit Economic News Data points to soft U.S. economy, possible Fed action Most say Bush to blame for weak U.S. economy, poll finds 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