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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Feb 7, 2013 by Mark Brooks

ECB Keeps Rates on Hold at Record Low

Following action by other central banks around the world, the value of the euro has risen on the international currency markets in recent weeks.

Feb 6, 2013 by Mark Brooks

Political Uncertainty in Europe Pushes Euro Lower

The euro fell to $1.3525 in late trading Wednesday from $1.3584 late Tuesday.

Feb 6, 2013 by Mark Brooks

Cash Continues to Surge Into Stock Mutual Funds

By one measure, funds attracted cash at the fastest pace in 17 years.

Feb 6, 2013 by Mark Brooks

GOP Lawmakers Offer Alternative to Automatic Cuts

The legislation reprises a plan offered last year that failed to advance.

Feb 6, 2013 by Mark Brooks

Ireland Readies Deal to Ease Costs of Bank Bailout

Finance Minister Michael Noonan placed lawmakers on standby Wednesday night to pass an emergency bill authorizing the overnight liquidation of a government-owned "bad bank," the Irish Bank Resolution Corp.

Feb 6, 2013 by Mark Brooks

Timothy Geithner Planning a Book

Few treasury secretaries have attracted as much attention as Geithner, who has been praised for helping to prevent a second Great Depression, but criticized for being too sympathetic to Wall Street.

Feb 6, 2013 by Mark Brooks

Oil Recoups Early Losses; Pump Price Up to $3.55

Benchmark crude for March delivery rose 10 cents to $96.74 a barrel on the New York Mercantile Exchange in morning trading Wednesday. It dropped as low as $95.04 earlier.

Feb 6, 2013 by Mark Brooks

EU Summit to Debate Austerity Budget, Tough Cuts

On the eve of the two-day summit, which begins Thursday, European Council President Herman Van Rompuy said that "for the first time ever -- there will be a real terms cut compared to the current budget."

Feb 6, 2013 by Mark Brooks

U.S. Crude Oil Supplies Grew by 2.6 Million Barrels Last Week

Crude supplies grew by 2.6 million barrels, or 0.7 percent, to 371.7 million barrels, which is 9.6 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

Feb 6, 2013 by Mark Brooks

Keyboard BlackBerry's Arrival in U.S. Could Take Months

Although Research in Motion CEO Thorsten Heins said the exact release date will depend on each wireless provider, he said the physical keyboard version, the BlackBerry Q10, will likely come out eight to 10 weeks after a carrier releases a model with only a touch screen, the BlackBerry Z10.

Feb 5, 2013 by Mark Brooks

Feds: 18 Charged in $200 Million Global Credit-Card Fraud

The elaborate scheme involved improving fake cardholders' credit scores, allowing the scammers to borrow more money that they never repaid, investigators said.

Feb 5, 2013 by Mark Brooks

Greece Orders Striking Ferry Crews Back to Work

The decision by conservative Prime Minister Antonis Samaras to declare ferry crews under civil mobilization came after their unions voted to extend the strike until early Friday.

Feb 5, 2013 by Mark Brooks

Platinum and Palladium Continue to Climb

Reports of stronger car sales have helped pushed prices for the metals up more than 1 percent this week. Both metals are used to make catalytic converters that filter car exhaust.

Feb 5, 2013 by Mark Brooks

U.S. Sues S&P Over Pre-Crisis Mortgage Ratings

The credit rating agency gave high marks to mortgage-backed securities because it wanted to earn more business from the banks that issued the investments, the Justice Department alleges in charges filed in federal court in Los Angeles.

Feb 5, 2013 by Mark Brooks

Euro Rises on Signs of European Recovery

The euro rose to $1.3580 in afternoon trading from $1.3520.

Feb 5, 2013 by Mark Brooks

Jobs, Income, and IPOs Up in Silicon Valley

But the 2013 Silicon Valley Index also finds that Hispanics and African Americans in the world's high-tech center became increasingly marginalized.

Feb 5, 2013 by Mark Brooks

Oil Rebounds to Near $97; Pump Prices Still Rising

Benchmark oil for March delivery rose 67 cents to $96.84 a barrel in midday trading Tuesday on the New York Mercantile Exchange.

Feb 5, 2013 by Mark Brooks

Source: Obama to Ask for Short-Term Budget Plan

The automatic cuts, if they are allowed to proceed, could require widespread layoffs and indiscriminately affect defense programs and domestic spending accounts.

Feb 4, 2013 by Mark Brooks

Rates Mixed at Weekly Treasury Bill Auction

The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.07 percent, down from 0.075 percent last week.

Feb 4, 2013 by Mark Brooks

Gold Rises, Wheat Falls in Monday Trading

In other trading, corn also fell while soybeans rose.

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