  | | | Wall Street bounces back, focus on Europe | | NEW YORK (Reuters) - Major stock indexes bounced back on Tuesday, but trading was light as the outlook remained clouded by doubts ahead of yet another summit to tackle the European debt crisis. | | |  | | | 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. | | | |  | | | 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. | | | | | Best Buy founder works with Credit Suisse on options: sources | | NEW YORK (Reuters) - Best Buy Co Inc founder Richard Schulze is working with Credit Suisse to explore options for his 20.1 percent ownership stake in the company, including the possibility of a buyout, sources familiar with the situation said. | | | | |  |  | | | 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 | |
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