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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Dec 20, 2012 by Mark Brooks

Dollar Mixed as Traders Await Budget Deal

Traders have been worried that lawmakers won't reach a deal in time to avoid a series of steep tax increases and government spending cuts that are set to kick in at the beginning of next year unless the White House and Congress agree on how to reduce the budget deficit.

Dec 20, 2012 by Mark Brooks

Oil Prices Drop as Fiscal Cliff Talks Stall

Benchmark crude for February delivery was down 18 cents to $89.80 in midday trading on the New York Mercantile Exchange.

Dec 20, 2012 by Mark Brooks

House GOP Plans Vote on Fiscal Cliff "Plan B"

But the legislation looked to be a dead letter in the Senate and earned a White House veto threat.

Dec 20, 2012 by Mark Brooks

IMF Urges Full EU Banking Union to Counter Crisis

The IMF said Thursday the 27-member group still faces great challenges "with continuing banking and sovereign debt crises" which require a region-wide solution because of its heavily interconnected banks.

Dec 19, 2012 by Mark Brooks

Euro Jumps to Eight-Month High Against Dollar

Germany's Ifo institute said its confidence index rose to 102.4 in December from 101.4 the month before.

Dec 19, 2012 by Mark Brooks

Gold, Corn Fall in Trading

Corn for March delivery fell 17 cents to finish at $7.03 a bushel Wednesday. That's the lowest since July 6.

Dec 19, 2012 by Mark Brooks

Cyprus' Parliament Approves Bailout-Driven Budget

The budget incorporates deep spending cuts and tax increases that were agreed in talks with the European Commission, the European Central Bank and the International Monetary Fund.

Dec 19, 2012 by Mark Brooks

Gasoline Drops to $3.23 a Gallon

The price is less than a penny more than at this time last year.

Dec 19, 2012 by Mark Brooks

U.S. Seeks "Balanced" Trade Relationship With China

The annual joint commission on commerce and trade meeting comes weeks after President Barack Obama's re-election and the elevation of new leaders of China's ruling Communist Party.

Dec 19, 2012 by Mark Brooks

Boehner: Obama Should Support Fiscal Cliff Plan

Obama and Boehner have yet to produce a compromise.

Dec 19, 2012 by Mark Brooks

Brazil Company Sells Cell Phones With iPhone Brand

Gradiente SA says in a statement that in 2008 the government gave it the right to use the brand on its cellphones.

Dec 19, 2012 by Mark Brooks

Obama: He and Boehner "Pretty Close" to a Deal

Obama cast a resolution to the "fiscal cliff" as a matter of political will.

Dec 19, 2012 by Mark Brooks

Oil Rises on European Optimism, Drop in U.S. Supplies

Benchmark crude jumped $1.38 to $89.78 per barrel in New York.

Dec 19, 2012 by Mark Brooks

White House Threatens Veto of GOP Budget Plan

Boehner, R-Ohio, proposed his so-called Plan B on Tuesday, a measure that would block tax cuts from being triggered Jan. 1 on everyone but those whose incomes exceed $1 million.

Dec 18, 2012 by Mark Brooks

Euro Hits 7-Month High Against Dollar on Budget Hopes

The euro rose to $1.3220 late Tuesday from $1.3160 late Monday. The euro rose as high as $1.3238 earlier, its highest point against the dollar since May 2.

Dec 18, 2012 by Mark Brooks

Gold Falls as U.S. Budget Talks Continue

Gold for February delivery fell $27.50 to finish at $1,670.70 an ounce.

Dec 18, 2012 by Mark Brooks

Oil Rises on Continued U.S. Budget Deal Optimism

Concessions on both sides of the aisle have spurred optimism that a deal will be reached to avert the series of spending cuts and tax increases that take effect on Jan. 1.

Dec 18, 2012 by Mark Brooks

Opaque Instagram Ad Policy Change Riles Users

It's not clear that anything substantive has changed in Instagram's new terms of service, which were posted Monday and go into effect Jan. 16.

Dec 18, 2012 by Mark Brooks

White House Defends Offer as "Good Faith Effort"

The new tax proposal is contained in a broader plan that Obama gave Boehner Monday that would cut spending further and lower cost-of-living increases for most Social Security beneficiaries.

Dec 18, 2012 by Mark Brooks

Facebook Rejects German Demand to Allow Fake Names

A commissioner, Thilo Weichert, ordered Facebook on Monday to rescind its real name policy immediately.

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