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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Jan 2, 2013 by Mark Brooks

Oil Price Jumps as U.S. Averts Fiscal Cliff

In morning trading benchmark crude for February delivery rose $1.14 to $92.96 a barrel on the New York Mercantile Exchange.

Jan 1, 2013 by Mark Brooks

Cliff Avoided: Congress Staves Off Tax Hikes

The bill's passage on a bipartisan 257-167 vote in the House sealed a hard-won political triumph for the president less than two months after he secured re-election while calling for higher taxes on the wealthy.

Dec 31, 2012 by Mark Brooks

Obama: "It's Not Done"

"There are still issues left to resolve but we're hopeful Congress can get it done," Obama said at a campaign-style event at the White House. "But it's not done."

Dec 31, 2012 by Mark Brooks

AP Sources: Fiscal Cliff Deal Emerging

The deal in the works would return tax rates on families making over $450,000 to 39.6 percent.

Dec 31, 2012 by Mark Brooks

Reid: 2 Sides Still Apart on Fiscal Cliff Deal

The Nevada Democrat says negotiations are continuing.

Dec 31, 2012 by Mark Brooks

Oil Inches Up as Cliff Deadline Approaches

Benchmark oil for February is up 49 cents to $91.29 per barrel in New York.

Dec 31, 2012 by Mark Brooks

Progress Seen in Last-Minute Fiscal Cliff Talks

A person familiar with the negotiations says Democrats have offered to extend tax cuts for families making up to $450,000 a year and individuals making up to $400,000.

Dec 31, 2012 by Mark Brooks

Poland Investigates Corruption Allegations by U.S. Firm

Dozens of private apartments and offices have been searched in recent months for evidence of allegations that between 2003-06 employees of the Polish branch of Stryker offered bribes to hospital heads to win tenders worth hundreds of thousands of zlotys, said Leszek Golawski, prosecutor in the southern city of Katowice.

Dec 31, 2012 by Mark Brooks

Deal Reached for Stopping Spike in Milk Prices

Senate Agriculture Committee Chairman Debbie Stabenow, D-Mich., indicated the House could vote on the bill soon, though House leaders have not yet agreed to put the bill on the floor.

Dec 28, 2012 by Mark Brooks

Source: Obama Not Making New Cliff Offer

Obama instead is spelling out again a plan he says can pass the House and Senate, said the source, who spoke on condition of anonymity because he was unauthorized to speak publicly about the private meeting.

Dec 28, 2012 by Mark Brooks

Metals, Oil Follow Stocks Down as Fiscal Cliff Approaches

Silver, palladium, and platinum are down the most, about 1 percent each, despite scattered hints that the economy might be improving.

Dec 28, 2012 by Mark Brooks

U.S. Oil, Gas Exploration Rigs Drop by 11 This Week

Baker Hughes said Friday that 1,327 rigs were exploring for oil and 431 were searching for gas.

Dec 28, 2012 by Mark Brooks

Dollar Rises Versus Euro as Traders Watch Budget Talks

Trading was light with many market participants out on vacation between Christmas and New Year's.

Dec 28, 2012 by Mark Brooks

White House Meeting a Last Try for a Fiscal Deal

Lawmakers and White House officials held out a slim hope for a deal before the new year, but it remained unclear whether congressional passage of legislation palatable to both sides was even possible.

Dec 28, 2012 by Mark Brooks

Oil Down Slightly as Fiscal-Cliff Talks Continue

In afternoon trading, U.S. benchmark crude was down 21 cents to $90.66 a barrel.

Dec 28, 2012 by Mark Brooks

Trains Playing Major Role in Plains Oil Boom

The move comes as pipeline plans stall and existing pipelines can't keep up with demand.

Dec 28, 2012 by Mark Brooks

Strike Averted, For Now, at East Coast Ports

A federal mediator announced Friday that an expired contract for workers in the International Association of Longshoremen would be extended for another 30 days while negotiations continue.

Dec 27, 2012 by Mark Brooks

Gold Edges Higher on Fiscal Cliff Fears

February gold rose $3 to $1,663.70 an ounce, a gain of 0.2 percent.

Dec 27, 2012 by Mark Brooks

Obama Back From Hawaii; Congress Bickers on Cliff

Adding to the woes confronting the middle class was a pending spike of $2-per-gallon or more in milk prices if lawmakers failed to pass farm legislation by year's end.

Dec 27, 2012 by Mark Brooks

Dollar Continues to Rise Against the Yen

The dollar rose as high as 86.136 Japanese yen, its highest point against the yen since Aug. 16, 2010.

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