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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Feb 15, 2013 by Mark Brooks

Oil Under $96 a Barrel on Industrial Data

In New York benchmark crude for March fell $1.45 to finish at $95.86 a barrel on the New York Mercantile Exchange.

Feb 15, 2013 by Mark Brooks

Dollar Mixed Ahead of G-20 Meeting

The G-20 is meeting this weekend. The officials are expected to discuss how economic policies are affecting currencies.

Feb 15, 2013 by Mark Brooks

U.S. Rig Count Climbs 3 This Week to 1,762

The Houston-based company said in its weekly report Friday that 1,337 rigs were actively exploring for oil and 421 for gas.

Feb 15, 2013 by Mark Brooks

Moody's Downgrades McGraw-Hill Citing Lawsuit

Moody's lowered McGraw-Hill's senior unsecured rating to "Baa2" from "A3." Both ratings are considered to be "medium grade," but Baa-rated investments are considered by Moody's to have some speculative elements.

Feb 15, 2013 by Mark Brooks

Report: SEC Investigating Trading in Heinz Deal

Citing an unnamed source who was briefed on the matter, The New York Times reported Friday that the Securities and Exchange Commission is looking at "unusual trading" surrounding the deal for Heinz to be purchased by Warren Buffett's Berkshire Hathaway and 3G Capital.

Feb 15, 2013 by Mark Brooks

Icahn Grabs Stake in Herbalife

Carl Icahn has taken a 13 percent stake in Herbalife, a supplement company that Pershing Square Capital Management's William Ackman shorted heavily, calling it a massive pyramid scheme.

Feb 15, 2013 by Mark Brooks

Putin Urges G20 Ministers to Consider Social Cost

Putin was hosting financial ministers and heads of central banks of the G20 group of nations ahead of their key meeting this weekend.

Feb 14, 2013 by Mark Brooks

Metals, Soybeans Fall in Trading

March silver dropped 51.60 cents to $30.3530 an ounce. Gold for April delivery fell $9.60 to $1,635.50 an ounce.

Feb 14, 2013 by Mark Brooks

Eurozone Recession Deepens as Germany Falters

Figures Thursday showed that output in Germany, Europe's largest economy, contracted by more than anticipated in the last three months of 2012.

Feb 14, 2013 by Mark Brooks

Airline Merger Could Squeeze Some Hub Airports

Hubs aren't just civic icons -- think Chicago's O'Hare or New York's John F. Kennedy Airport -- they are also major economic engines.

Feb 14, 2013 by Mark Brooks

Obama Trade Agenda Could Be Rough Slog

Many of the president's more ambitious State of the Union proposals are already generating sparks among lawmakers back in the nation's capital and face an uncertain future -- and not just from Republicans.

Feb 14, 2013 by Mark Brooks

Greek Poverty Deepens as Unemployment Hits Record

The Statistics Agency said unemployment increased from a rate of 26.6 percent in October and 20.8 percent in November the previous year. More than 30,000 people lost their job in November, the agency said, with the jobless rate accelerating from earlier in the year.

Feb 14, 2013 by Mark Brooks

Oil Rises Above $97 Per Barrel

In morning trading in New York, crude rose 52 cents to $97.53 per barrel. Brent crude, which is used to price oil that many U.S. refineries buy to make gasoline, was unchanged at $117.88 in London.

Feb 14, 2013 by Mark Brooks

Democrats to Unveil Bill to Replace Budget Cuts

The legislation set to be revealed Thursday is sure to die at the hands of Republicans opposed to new tax hikes when a vote is called the week of Feb. 25.

Feb 14, 2013 by Mark Brooks

Judge Approves Transocean's Plea Deal in Oil Spill

U.S. District Judge Jane Triche Milazzo accepted Transocean's plea and imposed the agreed-upon sentence during a hearing Thursday.

Feb 14, 2013 by Mark Brooks

Berkshire, 3G Capital to Buy Heinz in $23 Billion Deal

The ketchup company says it's the largest deal ever in the food industry.

Feb 13, 2013 by Mark Brooks

Platinum, Palladium Keep Rising on Supply Worries

Both metals have been rising for most of the year. That's partly because traders believe the economy and auto industry are improving. Palladium and platinum are used in manufacturing, including for catalytic converters in cars and trucks.

Feb 13, 2013 by Mark Brooks

Oil Falls as Report Shows Rise in U.S. Crude Stocks

Benchmark oil for March delivery dropped 50 cents to finish at $97.01 a barrel on the New York Mercantile Exchange.

Feb 13, 2013 by Mark Brooks

Brazil: Local Company Has Patent on iPhone Brand

The official publication of the verdict doesn't forbid Apple from using the name in Brazil. It only makes it clear the rights belong to the Brazilian company, said Marcelo Chimento, spokesman with the national patent office.

Feb 13, 2013 by Mark Brooks

Obama Pushes for Higher Minimum Wage on Plant Tour

The president followed up his call for the increase from $7.25 to $9 an hour in Tuesday night's State of the Union address with a trip to North Carolina, attempting to reach voters outside Washington on the plan.

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