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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Feb 4, 2013 by Mark Brooks

Oil Falls to Near $96 After Weeks of Strong Gains

In New York benchmark oil for March delivery dropped by $1.60 to finish at $96.17 a barrel.

Feb 4, 2013 by Mark Brooks

S&P Says It Expects DOJ Lawsuit Over Mortgage Ratings

S&P said Monday that it has been told by the Department of Justice that it intends to file a civil lawsuit focusing on S&P's ratings on some mortgage-backed securities in 2007.

Feb 4, 2013 by Mark Brooks

March 1 Spending Cuts Now Seem Likely

There no longer seems much doubt that the spending cuts, known in the nation's capital as "the sequester," will occur in some form.

Feb 4, 2013 by Mark Brooks

In Canada, the Phaseout of the Penny Begins

While people may still use pennies, the government has issued guidelines urging store owners to start rounding prices to the nearest nickel for cash transactions.

Feb 4, 2013 by Mark Brooks

Spain's Political Scandal Pushes Euro Lower

Spain's Prime Minister Mariano Rajoy is denying allegations that he and his party received secret cash payments from businesses.

Feb 4, 2013 by Mark Brooks

Greece Says It Met Deficit-Cutting Targets in 2012

A finance ministry statement Monday said that, not counting the cost of servicing Greece's debt mountain, the government posted a modest budget surplus of €434 million ($588 million) last year.

Feb 1, 2013 by Mark Brooks

Corn Finishes the Week Higher

The grain has climbed 2.2 percent this week and advanced in three out of the last four weeks since falling to a six-month low of $6.80 a bushel Jan. 4.

Feb 1, 2013 by Mark Brooks

Dollar Mixed After U.S. Jobs Report

The euro rose to $1.3660 in afternoon trading from $1.3574 late Thursday.

Feb 1, 2013 by Mark Brooks

U.S. Consumers' Outlook Improved in Late January

The University of Michigan's final January survey of consumer sentiment rose to 73.8. That's up from a preliminary reading of 71.3, released on Jan. 18. And it's slightly better than December's reading of 72.9.

Feb 1, 2013 by Mark Brooks

Sunday's Winner: Wings, Beer, and Pizza

Shares of a number of pizza, chicken wing, and beer makers rose Friday ahead of the big game, an annual festival of gluttony that is celebrated by fans and non-fans alike.

Feb 1, 2013 by Mark Brooks

Google to Set Up $82 Million Fund for French Publishers

European publishers bleeding money and readers had asked governments in France, Germany, and Italy to make Google pay.

Feb 1, 2013 by Mark Brooks

U.S. Rig Count Increases by 11 This Week

Of the major oil- and gas-producing states, Texas gained seven rigs, Oklahoma six, Alaska and California gained three and North Dakota two.

Feb 1, 2013 by Mark Brooks

GOP Senators Vow to Block Consumer Office Nominee

Obama has renominated current director Richard Cordray, who had been named in a recess appointment last year.

Feb 1, 2013 by Mark Brooks

Euro Crisis Not Over, Germany Warns

Three years since the crisis started in Greece, the 17 European Union countries that use the euro have made a hopeful start to 2013, with promising economic data and troubled countries such as Italy and Spain enjoying lower borrowing costs.

Feb 1, 2013 by Mark Brooks

Oil Up on U.S. Jobs Report; Gas Jumps Most in 2 Years

The nationwide average price for a gallon of gas jumped 4 cents overnight to $3.46 a gallon, according to AAA.

Feb 1, 2013 by Mark Brooks

Clydesdale Star of Super Bowl Ad Is Newborn Foal

A foal born Jan. 16 at Anheuser-Busch's Warm Springs Ranch near the mid-Missouri town of Boonville is featured in an ad that will appear in Sunday's game between the NFC champion San Francisco 49ers and AFC champion Baltimore Ravens.

Jan 31, 2013 by Mark Brooks

Gold Prices Sink After Commerce Department Report

Gold for April delivery lost $19.60, more than 1 percent, to settle at $1,662 per ounce.

Jan 31, 2013 by Mark Brooks

Congress Sends Debt-Ceiling Bill to Obama

The 64-34 vote in the Democratic-controlled Senate sent the measure to President Barack Obama, who has said he will sign it.

Jan 31, 2013 by Mark Brooks

Chevron to Realign Its Gas and Midstream Business

Chevron said the changes will better integrate its supply and trading activities and allow the gas and midstream business to boost the value of the company's upstream and downstream assets.

Jan 31, 2013 by Mark Brooks

Euro Jumps to Another 14-Month High Against Dollar

The Labor Department said Thursday that weekly applications for unemployment benefits rose 38,000 to a seasonally adjusted 368,000.

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