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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Feb 11, 2013 by Mark Brooks

Senate Democrats Craft Bill to Avert Budget Cuts

Majority Leader Harry Reid hopes to stage a vote on the measure before $85 billion in automatic budget cuts start to strike in March.

Feb 11, 2013 by Mark Brooks

ECB Member Warns Against Trying to Weaken Euro

Jens Weidmann said Monday in the text of a speech that "politically brought about devaluations" do not lead to improved economic competitiveness. He also said indicators suggest the euro is "not seriously overvalued."

Feb 11, 2013 by Mark Brooks

SBA Leader Mills to Leave Obama Administration

Karen Mills has served as SBA administrator since 2009.

Feb 11, 2013 by Mark Brooks

UK Watchdog Launches Investigation Into Autonomy

In a brief statement, the Financial Reporting Council said it had launched an investigation "into the published financial reporting of Autonomy for the period between 1 January 2009 and 30 June 2011."

Feb 8, 2013 by Mark Brooks

Venezuela Announces Currency Devaluation

Officials said the fixed exchange rate is changing from 4.30 bolivars to the dollar to 6.30 bolivars to the dollar.

Feb 8, 2013 by Mark Brooks

White House Outlines Deep Cuts It May Have to Make

The so-called mandatory sequester cuts are a "serious threat to national security, domestic programs and the economy," Office of Budget and Management official Danny Werfel told a White House briefing.

Feb 8, 2013 by Mark Brooks

Manufacturer: Device Setting Caused Super Bowl Outage

Following the announcement, the manufacturer of the device, known as a relay, released a statement implying that the problem was not with the part but with how it was used.

Feb 8, 2013 by Mark Brooks

Euro Falls Against Dollar After Draghi Comments

The euro fell to $1.3365 in afternoon trading from $1.3401 late Thursday.

Feb 8, 2013 by Mark Brooks

U.S. Rig Count Decreases by 5 This Week

The Houston-based company said in its weekly report Friday that 1,330 rigs were actively exploring for oil and 425 for gas.

Feb 8, 2013 by Mark Brooks

9 Things Apple Could Do With $137 Billion

Apple has never explained why it is storing away so much money -- other than to say the company is preserving its options.

Feb 8, 2013 by Mark Brooks

HP Sets Labor Guidelines for Chinese Suppliers

The guidelines unveiled Friday are the latest attempt by a major U.S. technology company to weed out labor abuses at Chinese factories that manufacture the gadgets of an Internet-connected world.

Feb 8, 2013 by Mark Brooks

Airlines to Halt Northeast Flights

Airlines were generally shutting down operations in the afternoon at the three big New York-area airports as well as Boston, Providence, Portland, Maine, and other Northeastern airports. They're hoping to resume flights on Saturday.

Feb 8, 2013 by Mark Brooks

U.S. Wholesale Stockpiles Dip 0.1% in December

The Commerce Department said Friday that wholesale business stockpiles dipped 0.1 percent in December from November to $497.7 billion. That followed a 0.4 percent rise the previous month.

Feb 8, 2013 by Mark Brooks

Oil Up on China, U.S. Trade Data; Pump Prices Rise

At midday benchmark crude for March delivery was up 48 cents to $96.31 per barrel on the New York Mercantile Exchange.

Feb 8, 2013 by Mark Brooks

EU Leaders Agree to $1.3 Trillion Budget

European Council President Herman Van Rompuy said Friday that the agreement had been reached after two days of negotiations.

Feb 7, 2013 by Mark Brooks

Oil Prices Fall on ECB Chief's Comments on Euro

European Central Bank president Mario Draghi pledged Thursday to keep a close eye on the economic impact of the rise of the euro, which has gained on the dollar in recent months.

Feb 7, 2013 by Mark Brooks

EU Leaders Open Tough Fight at Budget Summit

Both sides are threatening to walk away from the table -- again -- if they don't get what they want. The first summit to negotiate a budget collapsed in November.

Feb 7, 2013 by Mark Brooks

Metals Slump After Dollar Rallies on ECB Comments

The price of palladium for March delivery slumped $14.35, or 1.9 percent, to $750.45 an ounce, its biggest decline in a month.

Feb 7, 2013 by Mark Brooks

IRS Cracking Down on ID Theft, Tax Fraud

Officials said Thursday that a January sweep in 32 states and Puerto Rico identified 389 ID theft suspects, including 109 who were arrested.

Feb 7, 2013 by Mark Brooks

Euro Falls Sharply Versus Dollar After Draghi Comments

The euro fell to $1.3394 in afternoon trading from $1.3525 late Wednesday.

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