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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Jan 16, 2013 by Mark Brooks

Goldman, Morgan Stanley Pay $557 Million in Mortgage Case

The agreements announced Wednesday with the Federal Reserve were similar to deals struck earlier this month with 10 other major banks and mortgage lenders.

Jan 16, 2013 by Mark Brooks

European Leaders Headlining Annual Forum in Davos

Three leading European leaders, Russian Prime Minister Dmitry Medvedev, German Chancellor Angela Merkel and Italian Premier Mario Monti, will deliver keynote addresses on how to push forward the global economic revival, according to officials from the World Economic Forum.

Jan 15, 2013 by Mark Brooks

U.S. Taps Pension Fund to Avoid Passing Debt Limit

Geithner says in a letter to congressional leaders that the move will free up $156 billion in borrowing authority while Congress debates increasing the $16.4 trillion debt limit.

Jan 15, 2013 by Mark Brooks

Platinum Prices Jump on Plans to Shut Down Mines

The news sent platinum prices shooting higher. Platinum for April delivery rose $31.70 to $1,689.90.

Jan 15, 2013 by Mark Brooks

Chevron Set to Win Lithuanian Shale Gas License

The license is for a field in western Lithuania, an area near the Baltic Sea where several small firms extract a tiny amount of crude oil.

Jan 15, 2013 by Mark Brooks

American Airlines Agents Narrowly Reject Union Bid

The workers voted against representation by the Communications Workers of America by 3,052 to 2,902, or 51 percent to 49 percent.

Jan 15, 2013 by Mark Brooks

Facebook Unveils Social Search Feature

Called "graph search," the new service lets users search their social connections for information about people, interests, photos, and places.

Jan 15, 2013 by Mark Brooks

What's Facebook's Secret? Company Tells All Today

Facebook is holding the event at 10 a.m. (1 p.m. EST) at its Menlo Park, Calif., headquarters.

Jan 15, 2013 by Mark Brooks

Oil Slips Below $94 on Debt-Ceiling Concerns

The dispute in Washington about the U.S. debt ceiling worries oil investors, who fear a reprise of the standoff in the summer of 2011.

Jan 15, 2013 by Mark Brooks

Fitch Warns It May Downgrade U.S. Over Debt Standoff

Congress has to increase the country's debt limit, which effectively rules how much debt the U.S. can have, by the end of February or face a potential default, Fitch says.

Jan 15, 2013 by Mark Brooks

Fitch Cautiously Optimistic Over Euro Debt Crisis

Douglas Renwick, senior director of Fitch Rating's European sovereign credit analysis, said the 17 EU countries that use the euro have shown their capacity to muddle through to some sort of resolution of their 3-year debt crisis and that a breakup of the bloc is now "very unlikely."

Jan 14, 2013 by Mark Brooks

Metals, Grain Prices Higher in Trading

Darin Newsom, a senior commodities analyst at DTN, an Omaha, Neb.-based market information company, said commercial buyers were coming back into the market over the last two days after the Department of Agriculture released its final crop report of 2012 on Friday.

Jan 14, 2013 by Mark Brooks

Toyota Retakes Global Auto Sales Crown From GM

The Japanese company sold 9.7 million cars and trucks worldwide in 2012, although it's still counting. GM sold 9.29 million.

Jan 14, 2013 by Mark Brooks

Fund Investors Exit Stock Funds for Sixth Year in a Row

Stock fund withdrawals have exceeded deposits for 10 straight months. The total withdrawn last year was the most since 2008, when the financial crisis hit.

Jan 14, 2013 by Mark Brooks

Greece Bundles Bailout Terms Into Emergency Bill

Lawmakers voted 166-123 to in favor of the measures provisionally implemented by Cabinet decision late last year so that Greece could secure a massive new round of emergency loans.

Jan 14, 2013 by Mark Brooks

Hitting the Debt Limit: What Bills Would Be Paid?

The government could run out of cash to pay all its bills in full as early as Feb. 15, according to one authoritative estimate.

Jan 14, 2013 by Mark Brooks

Euro Jumps to 10-Month High Versus Dollar

ECB President Mario Draghi also said late last week that he expects the economy in the 17-country bloc that uses the euro to recover slightly in late 2013.

Jan 14, 2013 by Mark Brooks

Oil Down Slightly; Traders Await U.S. Reports

Benchmark oil fell 11 cents to $93.45 per barrel in midday trading in New York. Last week oil rose just 50 cents.

Jan 14, 2013 by Mark Brooks

Obama Demands Quick Action to Raise Debt Limit

"We are not a deadbeat nation," he declared.

Jan 14, 2013 by Mark Brooks

Coca-Cola to Address Obesity for First Time in Ads

Coca-Cola said its ads aren't a reaction to negative public sentiment. Instead, the idea was to raise awareness about what the company has done and the work it plans to do in coming months regarding obesity, said Stuart Kronauge, general manager of sparkling beverages for Coca-Cola North America.

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