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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Jan 4, 2013 by Mark Brooks

Oil Slips on Stimulus Concerns

Benchmark crude for February delivery fell 6 cents to $92.86 a barrel on the New York Mercantile Exchange.

Jan 3, 2013 by Mark Brooks

New Tax Law Packed With Breaks for Businesses

In all, more than 50 temporary tax breaks were renewed through 2013, saving businesses and individuals about $76 billion.

Jan 3, 2013 by Mark Brooks

Gold, Silver Prices Slip After Yesterday's Rise

Commodities followed the stock market Thursday, which also lost some of its gains from the day before.

Jan 3, 2013 by Mark Brooks

Starbucks, Actor Dempsey Compete for Coffee Chain

The auction process is not public. The outcome is expected to be filed in court Friday.

Jan 3, 2013 by Mark Brooks

Fed Minutes Show Some Concerns on Bond Purchases

The Fed ended up approving open-ended purchases of $85 billion a month in Treasury securities and mortgage backed bonds to maintain its level of bond purchases.

Jan 3, 2013 by Mark Brooks

Dollar Rises on Upcoming Budget Talks

Although Congress approved a budget deal this week, negotiations on the debt ceiling and spending cuts still need to happen.

Jan 3, 2013 by Mark Brooks

FTC: No Evidence to Claims Against Google

The Federal Trade Commission also says Google is agreeing to license patents deemed to be "essential" for rival mobile devices such as Apple Inc.'s iPhone and iPad.

Jan 3, 2013 by Mark Brooks

Swiss Bank to Pay $57.8 Million in U.S. Tax Evasion Plea

Wegelin & Co. said Thursday that under the plea deal accepted by U.S. District Judge Jed Rakoff in New York City, the firm admits to violating American law by operating accounts for U.S. taxpayers between 2002 and 2010.

Jan 3, 2013 by Mark Brooks

FTC to Announce Outcome of Google Antitrust Probe

The Federal Trade Commission has scheduled a 1 p.m. EST press conference to unveil the outcome of the high-profile probe.

Jan 3, 2013 by Mark Brooks

Oil Price Slides as Fiscal Cliff Rally Fizzles

Benchmark crude for February delivery fell 21 cents at $92.91 a barrel on the New York Mercantile Exchange.

Jan 3, 2013 by Mark Brooks

Fiscal Cliff Deal Leaves Lots of Issues Dangling

Here's a look at what's been resolved and what's left hanging.

Jan 2, 2013 by Mark Brooks

Moody's Pressures Congress to Deal With Deficit

Moody's has a negative outlook on the government's debt, a warning of a possible downgrade.

Jan 2, 2013 by Mark Brooks

Taxes Rising for Most People Despite Fiscal Deal

That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring.

Jan 2, 2013 by Mark Brooks

Budget Deal a Mixed Bag for Health Insurers, Analysts Say

A bill that cleared Congress late Tuesday averted the tax hikes and delayed the spending cuts for a couple months.

Jan 2, 2013 by Mark Brooks

Brazil Posts Lowest Trade Surplus in 10 Years

Brazilian exports in 2012 totaled $242.6 billion, compared with the $256 billion one year earlier.

Jan 2, 2013 by Mark Brooks

Microsoft Renews Plea for Crackdown on Google

Microsoft laid out its arguments in a blog post Wednesday by Dave Heiner, the software maker's deputy general counsel.

Jan 2, 2013 by Mark Brooks

Dollar Rises on Last-Minute Budget Deal

Traders have been concerned that a deal would not be reached, possibly sending the U.S. economy back into a recession.

Jan 2, 2013 by Mark Brooks

Google's Executive Chairman to Visit North Korea

The trip would be the first by a top executive from U.S.-based Google, the world's largest Internet search provider, to a country considered to have the most restrictive Internet policies on the planet.

Jan 2, 2013 by Mark Brooks

Feds Say ExxonMobil's Delay Worsened 2011 Oil Spill

The July 1, 2011, spill fouled 70 miles of riverbank along the scenic Yellowstone. Exxon spent $135 million on cleanup and repair work.

Jan 2, 2013 by Mark Brooks

U.S. Still Faces Political Fights on Spending, Debt

A bill passed by Congress late Tuesday averts widespread tax increases and delays deep spending cuts that had threatened to return the country to recession.

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