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Treasury sanctions Syrian government's energy networks

WASHINGTON- The Treasury Department is targeting 11 companies and individuals suspected of providing energy products the Syrian government of Bashar Assad is using in the conflict there. Treasury says many of those targeted are front companies the Syrian government has used to evade U.S. and European Union sanctions. Monday's action freezes any assets the...
Source: The Associated Press
Apple loses top spot in China's mobile market

After dipping for two quarters, Xiaomi reclaimed its spot as the top smartphone maker in China during the second quarter, beating Apple and Huawei.
Source: CNBC.com | By: Karma Allen
S&P cuts Atlantic City rating 3 notches to 'B'

Casino hub Atlantic City had its credit rating cut Monday amid concerns about a dissolving tax base and fiscal reforms.
Source: CNBC.com | By: Jacob Pramuk
SPECIAL REPORT-U.S. State Department watered down human trafficking report

WASHINGTON, Aug 3- In the weeks leading up to a critical annual U.S. report on human trafficking that publicly shames the world's worst offenders, human rights experts at the State Department concluded that trafficking conditions hadn't improved in Malaysia and Cuba. And in China, they found, things had grown worse. As a result, not only Malaysia, Cuba and China, but...
Source: Reuters | By: Jason Szep and Matt Spetalnick
FDA clears first 3-D printed prescription drug

Aprecia Pharmaceuticals said Monday the FDA approved its drug Spritam for adults and children who suffer from certain types of seizures caused by epilepsy. The FDA has previously approved medical devices- including prosthetics- made with 3- D printing. The FDA held a workshop last year for medical manufacturers interested in the technology.
Source: The Associated Press
US STOCKS-Weak oil prices, China worries weigh on Wall Street

*Tyson Foods falls after profit forecast cut. Aug 3- U.S. stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.
Source: Reuters | By: Noel Randewich
ANALYSIS-Germans fret over Europe's future but still believe

BRUSSELS, Aug 3- The battle for Europe will be won or lost in Germany. The aftermath of the euro zone's ugly all-night summit on the Greek debt crisis that ended on July 13 with a deal on stringent, intrusive terms for negotiating a third bailout has sent shockwaves across Europe, especially in Germany. "When you tour European countries, there aren't many that are...
Source: Reuters | By: Paul Taylor
Lukoil managers charged for money $1.95 bln laundering

BUCHAREST, Romania- Romanian authorities have charged Russian oil producer Lukoil with complicity in money laundering worth 1.77 billion euros. Prosecutors at the Court of Appeal in Ploiesti, where Lukoil's refinery is based, on Monday charged Romanian and Russian company managers for allegedly misusing the company's credit and capital.
Source: The Associated Press
Dow falls 150 points as energy, data weigh; Apple falls more than 2%

U.S. stocks traded lower on the first day of trade for August as investors eyed economic data amid a renewed decline in oil and overseas news.
Source: CNBC.com | By: Evelyn Cheng
210-year-old cognac on sale for over $225,000

The last remaining bottle of a vintage cognac made during the Battle of Trafalgar has gone on sale for £148,320.
Source: CNBC.com | By: Luke Graham, special to CNBC