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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Jan 31, 2013 by Mark Brooks

Senate to Vote on Debt-Limit Increase

The measure would suspend the $16.4 trillion limit on federal borrowing through May 18, allowing about $450 billion in new debt to be added to the federal ledger, according to an estimate by the Bipartisan Policy Center.

Jan 31, 2013 by Mark Brooks

Economic Jitters Compete With Obama Agenda

Any immediate economic setback -- or the perception of one -- could weaken Obama's clout or at least distract him as he carefully tries to put his imprint on initiatives dealing with immigration and gun violence.

Jan 31, 2013 by Mark Brooks

U.S. Challenges Anheuser-Busch Merger

The government says the deal would substantially reduce competition in the U.S. beer market, particularly in 26 metropolitan areas.

Jan 31, 2013 by Mark Brooks

Oil Falls on U.S. Unemployment Claims Data

Benchmark oil for March delivery fell 72 cents to $97.22 a barrel in morning trading on the New York Mercantile Exchange.

Jan 31, 2013 by Mark Brooks

Obama's Jobs Council Shutting Down Today

Obama created the council in 2011 and filled it with prominent business leaders and economists. Its authority runs out Thursday, and the White House says it is not renewing the panel.

Jan 31, 2013 by Mark Brooks

Latvia Takes Big Step Toward Joining Euro

In spite of widespread worries among the population that's partly related to Europe's debt crisis, Latvia is on course to joining Europe's troubled single currency zone at the start of 2014 now that Parliament adopted a law on introducing the euro.

Jan 30, 2013 by Mark Brooks

Next in BP Spill Saga: Civil Trial That Could Cost Billions

A trial scheduled to start Feb. 25 is designed to identify the causes of BP's well blowout and assign percentage of blame to BP, partners.

Jan 30, 2013 by Mark Brooks

Commodities Climb on Slow Economy and Cheap Money

Gold for April delivery rose $18.90, more than 1 percent, to $1,681.60 per ounce.

Jan 30, 2013 by Mark Brooks

GM to Invest $200 Million in Michigan Powertrain Center

The move won't create any new jobs, but is aimed at speeding new products to market.

Jan 30, 2013 by Mark Brooks

Economic Data Show Eurozone Steadier, Still Weak

Index shows third straight monthly increase.

Jan 30, 2013 by Mark Brooks

Medtronic Buys Stake in Chinese Med Tech Company

Medtronic bought a 19% stake in LifeTech Scientific Corp. for $46.5 million.

Jan 30, 2013 by Mark Brooks

Time Inc. Cutting 500 Employees

The unit publishes magazines such as Fortune, InStyle, People, Real Simple, Sports Illustrated and Time.

Jan 30, 2013 by Mark Brooks

Fed Notes Pause in Growth, Continues Stimulus

The Fed's decision to continue its stimulus program was largely expected and had little impact on stock and bond prices.

Jan 30, 2013 by Mark Brooks

Oil Little Changed as U.S. Economy Contracts

At the pump, the national average for a gallon of gas jumped 3 cents to reach $3.39 for the first time since Dec. 1.

Jan 30, 2013 by Mark Brooks

Judge Rejects Apple Demand to Increase Award Against Samsung

Apple has filed a new lawsuit contending Samsung's current products use Apple technology. Koh scheduled trial for that matter in 2014.

Jan 30, 2013 by Mark Brooks

Fed's New Voting Lineup Unlikely to Change Policy

The Fed's goal is to keep borrowing costs low to stimulate spending and economic growth.

Jan 29, 2013 by Mark Brooks

Euro Jumps to 14-Month High Against the Dollar

The euro rose to $1.3486 in late trading Tuesday from $1.3456 late Monday. The euro jumped as high as $1.3497, its highest point against the dollar since Dec. 2, 2011.

Jan 29, 2013 by Mark Brooks

Reid: Replace Automatic Cuts in Short Increments

The comments by Majority Leader Harry Reid came amid increasing resignation among both Democrats and Republicans that the across-the-board cuts will soon take effect.

Jan 29, 2013 by Mark Brooks

Fed Likely to Stick to Low-Rate Message This Week

On one point, economists agree: Once the Fed does decide to scale back its stimulative policies, it will signal its intent well before it actually does so.

Jan 29, 2013 by Mark Brooks

Judge OKs $4 Billion BP Oil Spill Criminal Settlement

BP agreed in November to plead guilty to charges involving the deaths of 11 workers aboard the drilling rig that exploded and for lying to Congress.

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