International Daily News

This week's top dish from Eater Chicago, Curbed's restaurant, bar, and nightlife blog… RIVER NORTH—Mercadito's Spanish drinking and eating hotspot Tavernita shuttered yesterday amidst a revoked liquor license and $75,000 in state tax debt. Their casual Mercadito Counter opened this…

By Daniel Kelley ATLANTIC CITY N.J. (Reuters) – Shortly before sunrise on Tuesday, Morgan Capezzera reclined on the roulette table at the Revel Casino in her bikini and snapped a selfie before the Atlantic City gambling hall shut its doors for good. "I love Revel," said Capezzera, 30, of …

By Anna Driver HOUSTON (Reuters) – In June 2013, activist investors got the board of SandRidge Energy Inc to fire its CEO Tom Ward, arguing that he had mismanaged the Oklahoma City company and destroyed billions in shareholder value. The oil and gas producer’s shares rose as much as 50 percent in the …

Russian Prime Minister Dmitry Medvedev said that the state oil champion Rosneft , in need of funds to service its huge debt, may receive 1.5 trillion roubles ($40.6 billion) from state coffers over time, Vedomosti newspaper said on Monday. Last month, a government source said that the company's head Igor Sechin …

By Lawrence Hurley WASHINGTON (Reuters) – A federal judge in Oklahoma ruled on Tuesday that tax subsidies vital to the implementation of President Barack Obama's signature healthcare law are unlawful, giving a boost to opponents of the measure known as Obamacare. U.S. District Judge Ronald White found that the …

By Jonathan Stempel (Reuters) – A federal appeals court rejected Ford Motor Co's bid to recoup about $450 million of interest from the U.S. government on taxes overpaid by the automaker. The 6th U.S. Circuit Court of Appeals in Cincinnati did not accept Ford's argument that its …

(Reuters) – Manuel Medina-Mora, head of Citigroup Inc's consumer banking and chairman of the company's troubled Mexico unit, is preparing to leave in the coming months, the Wall Street Journal reported, citing people with knowledge of the situation. Details of Medina-Mora's departure were not finalized and …

By Svea Herbst-Bayliss BOSTON (Reuters) – The stock market's long-suffering short sellers finally have something to smile about.     Investors who make a living betting that stock prices will fall are in a position to profit handsomely as the U.S. equity market sinks, with its biggest weekly plunge …

By Noel Randewich SAN FRANCISCO (Reuters) – Intel's mobile and communications group took in a scant $1 million in revenue in the third quarter, underscoring the challenge the top chipmaker faces expanding into smartphones and tablets. The Santa Clara, California-based company on Tuesday reported third-quarter results that beat …

NEW YORK (AP) — Bank of America, the second-largest U.S. bank by assets, said Wednesday that its earnings slumped in the third quarter after it agreed to a settlement with the government over its sale of mortgage-backed securities.

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing merger activity. Each of the major indexes fell more than 2 percent shortly after the open, sending the S&P 500 and Nasdaq …

By Lewis Krauskopf (Reuters) – Investors who have endured a four-month selloff in shares of large U.S. manufacturers will be looking for solid revenue growth and order trends in third-quarter earnings reports starting on Friday to help allay fears that a soft global economy will derail the outlook …

By Jeffrey Dastin (Reuters) – U.S. airlines are expected to report healthy third-quarter profits as jet fuel costs keep declining, even though their stocks have plunged on concerns that Ebola will discourage travel, analysts said. Delta Air Lines kicks off earnings season Thursday with what is expected to be …

By Marius Zaharia and Angeliki Koutantou LONDON/ATHENS (Reuters) – Greek stocks on Wednesday posted their biggest one-day loss since the height of the euro zone crisis, while bond yields soared to levels that threatened to derail government plans to quit an international bailout a year early. Ten-year government …

WASHINGTON (Reuters) – The U.S. Federal Reserve will meet next week to adopt a rule requiring that banks keep some risk on their books when they sell loans, addressing a crucial issue that helped set off the 2007-09 credit crisis. The Fed said it will meet on Oct. 22 to adopt the …

By Herbert Lash NEW YORK (Reuters) – Outcries over a conflict of interest involving data processors central to securities trading could lead the New York Stock Exchange and Nasdaq to loosen their decades-long grip over a lucrative backwater of the U.S. stock market. A lobby for the brokerage industry …

By Jason Lange WASHINGTON (Reuters) – U.S. retail sales declined in September as consumers pulled back on spending for a range of items, a worrisome economic signal that helped fuel a sell-off on Wall Street. The report on Wednesday, along with data showing a drop in producer prices, led …