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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Feb 13, 2013 by Mark Brooks

EU, U.S. to Push for Trans-Atlantic Trade Deal

The 27-country EU said such an agreement, first announced in Tuesday's State of the Union address by President Barack Obama, would be the biggest bilateral trade deal ever negotiated.

Feb 13, 2013 by Mark Brooks

Lew Faces Sharp Questions About Time at Citi

Lew joined Citi in 2006 and became chief operating officer for its alternative investments unit in January 2008.

Feb 13, 2013 by Mark Brooks

Dollar Rises to 6-Month High Against British Pound

The central bank says inflation in the U.K. may rise to 3 percent by summer, above its target, but it will look past higher prices to help the country's flagging economy.

Feb 13, 2013 by Mark Brooks

U.S. Crude Oil Supplies Rise by 600,000 Barrels

Crude supplies increased by 600,000 barrels, or 0.2 percent, to 696 million barrels, which is 9.8 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

Feb 12, 2013 by Mark Brooks

Platinum and Palladium Rise on Supply Concerns

Platinum for April rose $21.10 to settle at $1,717.20 an ounce. Palladium for March rose $12.80 to $771.40 an ounce.

Feb 12, 2013 by Mark Brooks

Before the State of the Union, a Look at the Economy

The recovery has been agonizingly slow.

Feb 12, 2013 by Mark Brooks

ECB's Draghi: Spain Is "On the Right Track"

Draghi delivered the upbeat assessment to Spanish politicians behind closed doors in Parliament, later telling reporters that "Spain is on the right track."

Feb 12, 2013 by Mark Brooks

Government Boosts Forecast for Pump Prices

Pump prices should average $3.55 a gallon in 2013, according to the Energy Information Administration, the statistical arm of the Energy Department.

Feb 12, 2013 by Mark Brooks

Intel Confirms Plans to Build TV Set-Top Box

Erik Huggers, general manager of Intel Media, says the company plans to sell a box that will offer "a vastly superior experience," to today's cable boxes.

Feb 12, 2013 by Mark Brooks

Oil Gains as OPEC Raises Demand Forecast

Benchmark oil gained 47 cents to $97.50 in afternoon trading on the New York Mercantile Exchange.

Feb 12, 2013 by Mark Brooks

Yen Strengthens Against Dollar After G-7 Statement

Finance officials from the G-7 countries, which include the U.S. and Japan, said their economic policies should be "oriented towards meeting domestic objectives and not towards setting specific exchange rates."

Feb 12, 2013 by Mark Brooks

Apple CEO: Shareholder Lawsuit Is "Silly Sideshow"

Investor David Einhorn sued Apple last week, saying a proposal slated for a vote at the company's annual meeting in two weeks would make it more difficult to enact his plan to reward shareholders by distributing a new class of shares.

Feb 12, 2013 by Mark Brooks

Finger-Pointing Trumps Problem-Solving on Budget

Top House Republicans have embarked on a PR campaign reminding the public that the idea for the across-the-board cuts originated in Obama's White House.

Feb 12, 2013 by Mark Brooks

Official: EU Not Working on Forced Losses in Cyprus

Even though private creditors were forced to take losses as part of a deal to bail out Greece, Olli Rehn noted that the Commission had said at the time that such a step would not be repeated -- and that, he said, remains the Commission's position.

Feb 11, 2013 by Mark Brooks

Gold, Most Commodities Lower in Trading

Most metals are lower, with April gold losing $17.80 to $1649.10 an ounce. Silver, copper and platinum dropped as well.

Feb 11, 2013 by Mark Brooks

Fed Official Hints at Longer Period for Low Rates

The Fed has said it would hold its benchmark rate near zero as long as unemployment is above 6.5 percent and long-run inflation forecasts are below 2.5 percent. Unemployment is currently 7.9 percent.

Feb 11, 2013 by Mark Brooks

Oil Rises on Euro Gains; Pump Price at $3.59

Pump prices fell slightly in New York, Rhode Island, and Connecticut while holding steady in Massachusetts, Vermont, and New York.

Feb 11, 2013 by Mark Brooks

Report: AMR, US Airways Boards to Meet This Week

The Wall Street Journal reported Monday that negotiators were still considering the makeup of the combined company's board and an exact role for the CEO of American parent AMR.

Feb 11, 2013 by Mark Brooks

Dollar Rises Against the Yen

The dollar rose to 93.45 against the yen, from 92.83 late on Friday.

Feb 11, 2013 by Mark Brooks

Study: 1 in 5 Consumers Had Error in Credit Report

The Federal Trade Commission study also says 5 percent of the consumers identified errors in their reports that could lead to them paying more for mortgages, auto loans, or other financial products.

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