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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Dec 6, 2012 by Mark Brooks

ECB Cuts Growth Outlook for Eurozone, Holds Rates

Even so, the bank left rates unchanged at its meeting Thursday, and ECB head Mario Draghi gave little sign he was leaning toward any more cuts to stimulate growth.

Dec 6, 2012 by Mark Brooks

U.S. Natural Gas Supplies Shrank Last Week

The Energy Department's Energy Information Administration reported that natural gas in storage declined by 73 billion cubic feet to 3.804 trillion cubic feet for the week ended Nov. 30.

Dec 6, 2012 by Mark Brooks

Oil Drops on Downbeat Outlook for Europe's Economy

The ECB is leaving its key interest rate unchanged at a record low and cutting its 2013 growth forecast to negative from positive.

Dec 6, 2012 by Mark Brooks

Greek Jobless Rate Up to 26%

The Greek Statistical Authority said Thursday that 1.295 million people were recorded as being unemployed in September, pushing up the jobless rate up from 25.3 the previous month and 18.9 percent a year earlier.

Dec 5, 2012 by Mark Brooks

Dollar Rises as U.S. Services Expand

The euro fell to $1.3079 late Wednesday from $1.3101 late Tuesday. The British pound fell to $1.6099 from $1.6106.

Dec 5, 2012 by Mark Brooks

Poll Shows Support for Raising Taxes on the Rich

The findings seem to strengthen Obama's hand in his fiscal cliff negotiations with Republicans.

Dec 5, 2012 by Mark Brooks

Senate to Take Up Bill Normalizing Russia Trade

The final vote on Thursday is expected to show overwhelming support for legislation that also imposes sanctions on Russian human rights violators.

Dec 5, 2012 by Mark Brooks

Darden Restaurants to Hold Off on Worker Changes

The move will come just two days after the company lowered its profit outlook for the year, citing failed promotions and negative publicity from its tests that used more part-time employees.

Dec 5, 2012 by Mark Brooks

Gold and Oil Fall, Other Commodities Rise on Economic Reports

Other commodities are mostly higher as positive economic news is tempered by the slow pace of budget talks in Washington.

Dec 5, 2012 by Mark Brooks

Pentagon Planning for Budget Cuts Ahead of Fiscal Cliff

Department spokesman George Little said the cuts would be "devastating to our national defense."

Dec 5, 2012 by Mark Brooks

Cash Pulled From Stock Funds for 19th Straight Week

The movement of cash was in line with the conservative approach that many investors have taken since the financial crisis of 2008.

Dec 5, 2012 by Mark Brooks

Nasdaq Says Human Error Delays WhiteHorse IPO

The exchange rescheduled trading of the company's initial public offering of stock for 3 p.m. It was supposed to begin trading at about 11 a.m.

Dec 5, 2012 by Mark Brooks

Ireland Imposes Sixth Straight Austerity Budget

Finance Minister Michael Noonan told a hushed parliamentary chamber that Ireland must keep slashing its deficits down to the eurozone limit of 3 percent of GDP and it "still has a long way to go."

Dec 5, 2012 by Mark Brooks

Oil Down With Cushing Inventory Nearly Flat

Benchmark crude fell 34 cents to $88.16 in midday trading on the New York Mercantile Exchange.

Dec 4, 2012 by Mark Brooks

Euro Jumps to Another 6-Week High Against Dollar

The euro rose to $1.3101 in late trading Tuesday from $1.3060 late Monday. The euro rose as high as $1.3108 earlier, its highest point against the dollar since Oct. 18.

Dec 4, 2012 by Mark Brooks

FedEx to Offer Buyouts With Up to 2 Years' Pay

The voluntary program is part of an effort by the world's second-biggest package delivery company to cut annual costs by $1.7 billion within three years.

Dec 4, 2012 by Mark Brooks

Economic Uncertainty Chips Away at Gold Prices

Gold fell 1.5 percent to finish Tuesday at $1,695.80 an ounce. That's the lowest in a month.

Dec 4, 2012 by Mark Brooks

Ex-Goldman Board Member to Stay Free During Appeal

A two-judge panel of the 2nd U.S. Circuit Court of Appeals made the ruling Tuesday after listening to arguments regarding the case against Rajat Gupta.

Dec 4, 2012 by Mark Brooks

Spain's Unemployment Near 5 Million as Banks Await Cash

Spain's Labor Ministry said Tuesday that unemployment rose a monthly 74,296 in November, or 1.5 percent, to a record 4.9 million.

Dec 4, 2012 by Mark Brooks

GOP Fiscal Cliff Plan Echoes Failed Budget Talks

The Republican proposal Monday, while intended to break a stalemate in place since the administration last week angered Republicans with a $1.6 trillion plan that largely exempted Medicare and Social Security from budget cuts, sparked a predictable round of partisanship.

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