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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Jan 23, 2013 by Mark Brooks

House Passes Debt Bill

The House passed the measure on a bipartisan 285-144 vote as majority Republicans back away from their previous demand that any increase in the government's borrowing cap be paired with an equivalent level of spending cuts.

Jan 23, 2013 by Mark Brooks

House GOP Seeks to Defuse Debt Crisis

The GOP legislation marks a tactical retreat by House Speaker John Boehner, R-Ohio, who is eager to avoid a potential first-ever default on U.S. payment and debt obligations as he wrestles with Obama and his Democratic allies over taxes, spending and the deficit.

Jan 23, 2013 by Mark Brooks

Senate Democrats Plan Budget Debate

The Washington Democrat says the measure will call upon the wealthy to pay their "fair share" in taxes and defend programs for senior citizens and middle-class families.

Jan 22, 2013 by Mark Brooks

Wheat Falls; Rain Heads to Drought-Stricken Kansas

Wheat for March delivery settled down 12 cents to $7.7925 a bushel Tuesday.

Jan 22, 2013 by Mark Brooks

Can Apple Maintain Its Shine?

The company's doubters have backed their conviction with billions of dollars.

Jan 22, 2013 by Mark Brooks

Groupon Halts Gun-Related Deals

Groupon spokeswoman Julie Mossler said Tuesday that the move is based on the deals' performance as well as "current customer and merchant feedback." These, she says, have made it "clear they're not a fit right now."

Jan 22, 2013 by Mark Brooks

Dollar Falls Against Yen

The dollar fell to 88.71 Japanese yen in afternoon trading from 89.73 yen late Monday.

Jan 22, 2013 by Mark Brooks

CEOs Head to Davos More Pessimistic About 2013

New survey results Tuesday show a steady drop in the number of CEOs worldwide who are "very confident" their companies will grow this year. The number fell to 36 percent from 40 percent last year and from 48 percent in 2011.

Jan 22, 2013 by Mark Brooks

Obama Stands His Ground on Fiscal Debates

In keeping with the objective of inaugural addresses, Obama chose to draw attention to the aspirations he hopes will define him rather than the conflicts that have characterized his relations with a divided Congress.

Jan 22, 2013 by Mark Brooks

Reports: Microsoft May Invest in Dell Buyout

The reports tying Microsoft to the Dell buyout talks cited people familiar with the negotiations who didn't want to be identified.

Jan 22, 2013 by Mark Brooks

Wal-Mart Warns Suppliers on Stricter Measures

Wal-Mart's stricter measure, along with other changes to its policy, comes amid increasing calls for better safety oversight after a deadly fire at a Bangladesh factory that supplied clothing to Wal-Mart and other retailers.

Jan 22, 2013 by Mark Brooks

Oil Rises Above $96; U.S. Pump Prices Average $3.31

Benchmark oil rose 66 cents to $96.22 at midday on the New York Mercantile Exchange.

Jan 22, 2013 by Mark Brooks

White House: Obama Wouldn't Block GOP Debt Bill

The White House in the past has voiced reservations about a short-term debt ceiling extension.

Jan 22, 2013 by Mark Brooks

Cyprus Insists Against Privatizations in Bailout

Cyprus is negotiating a bailout of as much as €17 billion ($22.65 billion) -- roughly equivalent to its annual economic output -- with the so-called "troika" of the European Commission, the European Central Bank, and the International Monetary Fund.

Jan 18, 2013 by Mark Brooks

Treasury Announces Sales Plan for GM Stock

Treasury said Friday that the plan would be implemented by JPMorgan Securities and Citigroup Global Markets, the two financial firms it has hired to sell its remaining GM stock.

Jan 18, 2013 by Mark Brooks

Rig Count Drops by 11 This Week

The Houston-based company said in its weekly report Friday that 1,316 rigs were exploring for oil and 429 for gas.

Jan 18, 2013 by Mark Brooks

Dollar Rises After Chinese Economic News

Growth in China rose 7.9 percent in the three months ending in December, up from 7.4 percent the previous quarter.

Jan 18, 2013 by Mark Brooks

GOP Official: House to Vote to Lift Debt Limit

The House is hoping to force the Senate to approve a budget resolution by conditioning pay for members of Congress on passing a budget.

Jan 18, 2013 by Mark Brooks

Eurozone Needs Portugal to Stay on Track, IMF Says

The IMF contributed to Portugal's €78 billion ($104 billion) financial rescue in May 2011 that spared the debt-heavy country from bankruptcy but demanded cutbacks.

Jan 18, 2013 by Mark Brooks

Jobless Rates Fall in Less Than Half of U.S. States

The department's monthly report also shows that steady hiring nationwide in the past two years has lowered the unemployment rate in many parts of the country.

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