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  • Aug 20- A federal appeals court on Monday revived a lawsuit accusing CBS Corp and CBS Radio of copyright infringement for playing digitally remastered songs recorded before 1972 by Al Green, the Everly Brothers, Jackie Wilson and others on radio stations and online. CBS last November split off its CBS Radio business, which merged with Entercom Communications...

  • SEATTLE, Aug 20- The space company of billionaire Microsoft co-founder Paul Allen on Monday unveiled details of medium-lift rockets and a reusable space cargo plane it is developing, injecting more competition into the lucrative launch services market. But his vehicles will have to compete domestically with other space entrepreneurs and industry...

  • Aug 20- U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities. The case relates to the nationalization of Conoco assets dating back over a decade in...

  • Underlying profit for the full year ended June 30 rose to $8.93 billion from $6.73 billion a year earlier. Including these items, profit fell 37 percent to $3.71 billion, which reflected a one-off shale charge of about $2.8 billion post-tax. The statutory profit also reflects a charge of $650 million in its fiscal 2018 results following the 2015 Samarco dam...

  • LONDON, Aug 21- The British government will set out a new export strategy on Tuesday aimed at boosting exports to 35 percent of gross domestic product, as it looks to increase trade ties with the rest of the world after leaving the European Union. "We are determined to support, connect and grow UK companies on the world stage through our international network,"...

  • *Bank loan growth to be helped by Beijing's increased spending. SHANGHAI/ HONG KONG, Aug 21- China's biggest listed state-owned lenders are expected to post modestly higher profits and steady margins for the six months ended June, as government efforts to boost spending and liquidity underpins loan growth. But analysts fear an unrestrained, credit-fueled...

  • RIO DE JANEIRO, Aug 20- Brazil has relaxed local content requirements for companies developing the Libra offshore oilfield, the government said on Monday, in a move it expects will unlock $16 billion in investment for Latin America's top oil producer. The changes will be made through an addendum to the production sharing agreement in effect for the field, which...

  • HOUSTON, Aug 20- Venezuela's PDVSA and NuStar Energy LP have reached an agreement over outstanding storage fees, allowing the state-run company to resume use of a key storage terminal in the Caribbean, the U.S. energy firm said on Monday. The terminal played a role in a legal dispute between PDVSA and ConocoPhillips, which earlier this year tried to enforce a $2...

  • Trump's comments in an interview with Reuters come as the social media industry faces mounting scrutiny from Congress to police foreign propaganda. Those tweets followed actions taken by Apple Inc, Alphabet Inc's YouTube and Facebook to remove some content posted by Infowars, a website run by conspiracy theorist Alex Jones. Trump appeared on a show produced...

  • Underlying profit for the full year ended June 30 rose to $8.93 billion from $6.73 billion a year earlier. That missed an estimate of $9.27 billion according to 15 analysts polled by Thomson Reuters I/B/E/S. Australias biggest company by market value declared a final dividend of $0.63 per share, up from $0.43 a share last year.

  • *Iran to provide insurance for oil cargoes to China- sources. BEIJING/ SINGAPORE, Aug 20- China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to fear of reprisals from Washington. China, which has cut imports of...

  • Aug 20- The Financial Industry Regulatory Authority has fined a unit of Interactive Brokers Group Inc $5.5 million for violating several naked short selling rules over a period of at least three years. The unit, Interactive Brokers LLC's, supervisory system, including its written supervisory procedures, was not reasonably designed to achieve compliance...

  • The Warner Bros. romantic comedy earned $26.5 million in its first weekend in theaters, and $35.3 million since it hit theaters Wednesday. Second place went to Warner Bros.' shark thriller "The Meg," now in its second weekend. 1. "Crazy Rich Asians," Warner Bros., $26,510,140, 3,384 locations, $7,834 average, $35,276,909, 1 Week.

  • For years, Tesla's board remained almost invisible, staying behind the curtain as superstar Chairman and CEO Elon Musk guided the electric car maker to huge stock price increases. The board of directors is not meant to be a cheering committee, "said William Klepper, a professor at Columbia Business School and an expert on corporate governance issues.

  • BRASILIA, Aug 20- The Brazilian real slipped on Monday after an opinion poll showed the market's preferred candidate in October's presidential elections lagging far behind his rivals. In Mexico, the peso fell as investors worried the impact of the sell-off of Turkey's currency could spread. Ricardo Gomes da Silva, head of currency trading at Correparti...

  • LOUISVILLE, Ky.— Heaven Hill Distillery of Kentucky is taking Bob Dylan's whiskey company to court, claiming trademark infringement involving its logo. WDRB-TV reports a Heaven Hill lawyer sent a cease-and-desist letter to Chicago- based Heaven's Door in April, saying its "stacked" logo is similar to Heaven Hill's. The lawsuit was filed Friday in U.S. District...

  • HOUSTON, Aug 20- Venezuela's state-run PDVSA and NuStar Energy LP have reached a payment agreement over outstanding storage fees at Statia terminal in the Caribbean island of St Eustatius, the U.S. oil company said on Monday. The agreement allows PDVSA to resume use of the terminal, which had been suspended several times since 2017 over missed payments.

  • Chicago Board of Trade December wheat settled down 17-1/ 4 cents at $5.62-1/ 2 per bushel and December corn ended down 2-1/ 4 cents at $3.76-1/ 2. "Russia could be a very aggressive marketer in the next few months," said Tom Fritz, a partner with Chicago- based EFG Group. I think that was a concern, that we are getting bloated, "said Don Roose, president of U.S. Commodities.

  • Aug 20- A unit of Interactive Brokers Group Inc has been fined $5.5 million by the Financial Industry Regulatory Authority, the Wall Street Journal reported on Monday. The unit, Interactive Brokers LLC, was alleged to have broken federal rules on the "naked" short selling of stocks thousands of times over a three-year period, according to the report...

  • President Donald Trump said on Monday he was "not thrilled" with the Federal Reserve under Chairman Jerome Powell for raising interest rates and said the U.S. central bank should do more to help him to boost the economy. In the middle of international trade disputes, Trump in an interview with Reuters also accused China and Europe of manipulating their...