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  • NEW YORK, Aug 20- The U.S. Department of Energy is offering 11 million barrels of oil for sale from the nation's Strategic Petroleum Reserve ahead of sanctions on Iran that are expected to reduce global supplies of crude. The U.S. government has introduced financial sanctions against Iran which, beginning in November, also target the petroleum sector of OPEC's...

  • CHICAGO— Drugmaker AbbVie is donating $100 million to Ronald McDonald House Charities, which help provide housing to pediatric patients and their families throughout the U.S. The donation announced Monday is the single largest ever gift to Chicago- based charity network. North Chicago- based AbbVie makes the arthritis treatment Humira, which is the world's...

  • CBS and its outside lawyer did not immediately respond to requests for comment. The plaintiffs ABS Entertainment Inc, Barnaby Records Inc, Brunswick Record Corp and Malaco Inc sued CBS over its playing of songs they had remastered from their original analog format. District Judge Percy Anderson in Los Angeles said CBS, which according to court papers does not...

  • *U.S. sanctions against Iran could reduce supply. NEW YORK, Aug 20- Oil futures rose on Monday after weeks of declines, as investors grew more concerned about an expected fall in supply from Iran due to U.S. sanctions and worried less that a trade war between the United States and China would hurt economic growth. China and the United States will hold trade talks this...

  • Aug 20- U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement on a $2- billion arbitration award, the companies said, suspending a dispute that blocked the state-run firm from exporting oil from most of its key Caribbean facilities. Venezuela's crude production, a major source of revenue, has fallen to a six-decade low this year as...

  • *Industrials rise on planned U.S.- China trade talks. NEW YORK, Aug 20- The S&P 500 and Dow Industrials rose on Monday on optimism over trade talks between the United States and China, while the Nasdaq edged upward as technology stocks pared losses. The planned talks between the United States and China later this week provided a boost to the trade-sensitive...

  • WASHINGTON, Aug 20- U.S. businesses have a message for the Trump administration: New tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to first bicycles and wedding dresses to coffins. Six days of public hearings on the proposed duties of up to 25 percent started on Monday in...

  • CARACAS/ VALENCIA, Venezuela, Aug 20- Venezuela on Monday slashed five zeros from prices as part of a broad economic plan that President Nicolas Maduro says will tame hyperinflation but critics call another raft of failed socialist policies that will push the chaotic country deeper into crisis. Streets were quiet and shops were closed due to a national holiday...

  • WASHINGTON, Aug 20- Merrill Lynch's equity research arm has agreed to pay $8.9 million to settle charges that it failed to disclose its own conflict of interest in advising clients about third-party products, the U.S. Securities and Exchange Commission said on Monday. The unit-- Merrill Lynch, Pierce, Fenner and Smith-- agreed to settle the charges "without...

  • SAO PAULO, Aug 20- Brazilian beer maker Ambev plans to add 1,600 Volkswagen electric trucks to its fleet, making it the largest fleet of its kind in Brazil, and which would be exempt from new fixed minimum freight fares for diesel truckers. Ambev said ownership of the vehicles, which will replace older trucks, will be with 20 logistics companies that distribute...

  • WASHINGTON, Aug 20- U.S. regulators have approved Canada- based Alimentation Couche Tard Incs bid to sell two retail fuel stations in Minnesota, the U.S. Federal Trade Commission said in a statement on Monday.

  • *United States to hold trade talks with China. NEW YORK, Aug 20- U.S. Its really going to be all about the minutes and Powell at Jackson Hole on Friday, said Thomas Simons, a money market economist at Jefferies in New York.

  • *United States to hold trade talks with China. NEW YORK, Aug 20- U.S. Its really going to be all about the minutes and Powell at Jackson Hole on Friday, said Thomas Simons, a money market economist at Jefferies in New York.

  • At a Gamescom 2018 press conference in Cologne, Germany, Nvidia rolled out its newest generation of gaming chips- the RTX 2070, RTX 2080 and RTX 2080 Ti. The chips will range from $499 to $999 and will be available in retail stores starting Sept. 20, Chief Executive Jensen Huang said at the event. Gaming produced $5.5 billion of Nvidia's $9.7 billion in revenue for its...

  • WASHINGTON, Aug 20- U.S. Health and Human Services Secretary Alex Azar said it was within his agency's power to eliminate rebates on prescription drug purchases, a key element of the Trump administration's plan to lower prescription medicine costs. The Department of Health and Human Services last month proposed regulations that would scale back protections...

  • WASHINGTON, Aug 20- Merrill Lynch's equity research arm has agreed to pay $8.9 million to settle charges that it failed to disclose its own conflict of interest in advising clients about third-party products, the U.S. Securities and Exchange Commission said on Monday. The unit-- Merrill Lynch, Pierce, Fenner and Smith-- agreed to settle the charges "without...

  • As of 1:09 p.m. CDT, Chicago Board of Trade December wheat was down 17 cents at $5.62-3/ 4 per bushel and December corn was down 2 cents at $3.76-3/ 4. Speculation about potential export limits in Russia, the world's top wheat exporter, had pushed futures sharply higher on Friday, adding to worries about tightening global supplies after drought cut harvests in the...

  • Aug 20- Nvidia Corp on Monday released a new generation of gaming chips that combine its latest "ray tracing" technology and artificial intelligence to give gamers access to more realistic graphics. At a Gamescom 2018 press conference in Cologne, Germany, Nvidia rolled out its newest generation of gaming chips- the RTX 2070, RTX 2080 and RTX 2080 Ti.

  • KINGSPORT, Tenn., Aug 20- Atlanta Federal Reserve Bank President Raphael Bostic said on Monday he is maintaining his expectation for one more interest rate hike this year, as trade tensions and international events add some downside risk to an otherwise strong U.S. outlook. Then you have all these other things going on to cause sort of an offset to some extent, "...

  • NEW YORK/ LONDON, Aug 20- Gold prices inched higher on Monday after touching a more than 1-1/ 2 year low last week as China's strengthening currency made the metal cheaper for buyers in the world's biggest gold consumer. That pressure eased after news of U.S.- China trade talks planned for this week helped lift the yuan, said Saxo Bank analyst Ole Hansen.