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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Jan 14, 2013 by Mark Brooks

Ukraine Reportedly Seeking $15 Billion IMF Loan

Many economists say the Ukrainian economy is heading toward recession due to waning demand for the country's main export, steel.

Jan 11, 2013 by Mark Brooks

Euro Jumps to 9-Month High Versus Dollar

In other trading Friday, the British pound fell to $1.6121 from $1.6153.

Jan 11, 2013 by Mark Brooks

Drop in Supply Pushes Up Corn Prices

The U.S. Department of Agriculture released its final 2012 crop report on Friday.

Jan 11, 2013 by Mark Brooks

U.S. Budget Deficit Grows by $260 Million in December

In December, tax revenue rose 12 percent to $270 billion. Spending fell 17 percent to nearly the same amount.

Jan 11, 2013 by Mark Brooks

Pension Funds Get Google's Forfeiture

The news is a boon for the financially troubled city of East Providence and the town of North Providence, which face unfunded pension liabilities in the tens of millions of dollars.

Jan 11, 2013 by Mark Brooks

Slovenia's Prime Minister Accused of Corruption

A report issued this week by the state Commission for the Prevention of Corruption accused Jansa and Jankovic of serious graft, creating a political crisis in a Balkan state already suffering economic problems and setting off widespread calls for both men to face legal and political consequences.

Jan 11, 2013 by Mark Brooks

U.S. Rig Count Drops by 1 This Week

The Houston-based company said in its weekly report Friday that 1,323 rigs were exploring for oil and 434 for gas.

Jan 11, 2013 by Mark Brooks

Oil Slips as China Inflation Picks Up

Benchmark oil dropped 57 cents to $93.25 a barrel in afternoon trading in New York.

Jan 11, 2013 by Mark Brooks

Facebook Tests $100 Charge to Message Zuckerberg

The tech blog Mashable reported early Friday that some users trying to message Zuckerberg are offered the option to pay $100 to ensure that their missive reaches the Facebook CEO's inbox.

Jan 11, 2013 by Mark Brooks

Fiscal Cliff Deal Fuels Surge Into Stock Funds

Mutual funds investing in U.S. stocks attracted $4 billion in net deposits during the weeklong period that ended Wednesday, and funds investing primarily in foreign stocks took in about $3.5 billion, according to preliminary data from Lipper.

Jan 11, 2013 by Mark Brooks

Apple CEO: China Will Be Biggest Market

The report gave no details of when Cook thought China might pass the United States.

Jan 10, 2013 by Mark Brooks

China Trade Report Sends Metals, Oil Higher

Gold for February delivery rose $22.50, more than 1 percent, to $1,678 per ounce.

Jan 10, 2013 by Mark Brooks

Herbalife Defends Itself Against Ackman's Claims

A series of Herbalife's executives looked to refute Ackman's allegations during an analyst and investor meeting earlier in the day, laying out everything from how the business operates to who its customers are.

Jan 10, 2013 by Mark Brooks

Oil Rises on China Trade, Natural Gas Gains

Data released Thursday showed China's export growth in December more than quadrupled from the previous month's level to 14 percent.

Jan 10, 2013 by Mark Brooks

Gasoline Prices Predicted to Fall in 2013

Forecasters say ample oil supplies and weak U.S. demand will keep a lid on prices.

Jan 10, 2013 by Mark Brooks

Obama Nominates Lew to Lead Treasury

The president says he feels "bittersweet" about losing Lew as his White House chief of staff but says "my loss will be the nation's gain."

Jan 10, 2013 by Mark Brooks

Lawmakers Release Documents on Alleged Wal-Mart Bribery

Wal-Mart has conducted an internal investigation into the matter.

Jan 10, 2013 by Mark Brooks

Obama, GOP Evenly Matched in Debt-Limit Debate

The government will run out of cash in about two months. The Obama administration will need congressional approval to borrow more money or face a first-ever federal default, threatening global, economy-rattling consequences.

Jan 10, 2013 by Mark Brooks

In Picking Lew, Obama Turns a Page at Treasury

Obama will nominate Lew on Thursday afternoon, continuing to put a second-term imprint on his Cabinet by choosing yet another close ally to a key government post.

Jan 10, 2013 by Mark Brooks

Euro Rises After ECB Keeps Rates Unchanged

ECB President Mario Draghi says that all members of the central bank's policy committee agreed to keep rates unchanged.

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