Business Today: Wall St bounces back but Europe woes linger

	Click to View in Browser 06/26/2012 Wall St bounces back but Europe woes linger NEW YORK (Reuters) - Major stock indexes bounced back on Tuesday, but trading was light with the outlook clouded by doubts before yet another summit to tackle the European debt crisis. Home prices up again, but consumers less confident NEW YORK (Reuters) - Home prices picked up in April for the third month in a row, the latest indication that a recovery in the housing market is gaining traction. Fed's "Operation Twist" has only minor effects: Fisher CHICAGO (Reuters) - The Federal Reserve's recent move to push down borrowing costs by replacing its short-term securities holdings with longer-term ones is doing more harm than good, a top Fed official who opposed the action said on Tuesday. Boeing names Conner as commercial plane head SEATTLE (Reuters) - Boeing Co said on Tuesday it appointed veteran Raymond Conner as the head of its commercial plane making unit, replacing another longtime Boeing executive, Jim Albaugh. U.S. charges 24 people in massive hacking sting NEW YORK (Reuters) - U.S. law enforcement officials on Tuesday said 24 suspected hackers had been arrested on four continents in a sting operation targeting online financial fraud involving stolen credit card and bank information. Roche revamps research ops, cuts 1,000 U.S. jobs ZURICH/NEW YORK (Reuters) - Swiss drugmaker Roche Holding AG said on Tuesday it was overhauling its research operations by closing the 80-year-old New Jersey facility where Valium was discovered, cutting 1,000 jobs and replacing its drug research chief. Merkel buries euro bonds as summit tension rises BERLIN/PARIS (Reuters) - German Chancellor Angela Merkel sought to bury once and for all the idea of common euro zone bonds on Tuesday, saying Europe would not share total debt liability "as long as I live", as the bloc's big four finance ministers met to narrow differences on how to solve a worsening debt crisis. Bank bailout to spark firesale of corporate Spain MADRID (Reuters) - The European bailout for Spain's banks will push them to sell an empire of stakes in the nation's top companies, ending a cozy culture of corporate-banking links and prompting a wider shake-up in ownership of the company landscape. Las Vegas Sands to unveil EuroVegas site in September MADRID (Reuters) - Las Vegas Sands will reveal in September which of Spain's two largest cities, Barcelona or Madrid, it will choose for its massive EuroVegas casino and resort project, the U.S. company's chief operating officer said on Tuesday. Saba's Weinstein exits bet against JPMorgan: sources NEW YORK (Reuters) - Saba Capital Management's Boaz Weinstein recently exited a now famous and profitable credit derivative bet against JPMorgan Chase & Co , according to sources familiar with the trade. Related Video Trading at Noon: Rupert Murdoch's 'splitting' headache Car tech to keep us driving for longer Economic News Home prices up again, but consumers less confident Fed's "Operation Twist" has only minor effects: Fisher 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