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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Dec 4, 2012 by Mark Brooks

U.S. Home Prices Rise in October by Most in 6 Years

The jump adds to signs of a comeback in the once-battered housing market.

Dec 4, 2012 by Mark Brooks

Court Rejects Verizon Challenge to Roaming Rule

The three-judge panel ruled Tuesday that the FCC had the legal authority to issue the "data roaming rule."

Dec 4, 2012 by Mark Brooks

Oil Falls Near $88 on Fiscal Cliff Worries

Benchmark crude is down 94 cents to $88.15 just after 10 a.m. in New York.

Dec 4, 2012 by Mark Brooks

U.S. Bank Earnings Up 6.6%

The Federal Deposit Insurance Corp. said Tuesday that the banking industry earned $37.6 billion in the third quarter, up 6.6 percent from $35.3 billion in the third quarter of 2011.

Dec 3, 2012 by Mark Brooks

Europe Takes on Tech Giants and Their Tax Havens

Governments, hungry for money to prop up their struggling economies, are accusing the technology giants of incorporating themselves in low-tax countries so they can avoid paying hundreds of millions of dollars to countries such as Germany, Britain, and France -- where most of their European income is derived.

Dec 3, 2012 by Mark Brooks

Copper, Gold Rise on Improved China Manufacturing Data

Copper for March delivery rose 0.85 cent Monday to finish at $3.6585 per ounce. That's the highest price since Oct. 18.

Dec 3, 2012 by Mark Brooks

Storm Delays Lift Already Strong U.S. Auto Sales

The storm added 20,000 to 30,000 sales industrywide in November, mostly from people who planned to buy cars during the October storm but had to delay their purchases, Ford estimated.

Dec 3, 2012 by Mark Brooks

GOP Proposes New Fiscal Cliff Offer

The proposal is a response to Obama's offer last week to hike taxes by $1.6 trillion over the coming decade but to exempt Medicare and Social Security from cuts to beneficiaries.

Dec 3, 2012 by Mark Brooks

White House to GOP: It's Your Move

It's a game of political chicken as the clock ticks closer to the end-of-year deadline, when George W. Bush-era tax cuts expire and automatic, across-the-board spending cuts kick in, sending the nation over a proverbial "fiscal cliff" that some economists say could plunge the fragile economy back into recession.

Dec 3, 2012 by Mark Brooks

Euro Jumps to 6-Week High Against Dollar

Riskier currencies, such as the euro, tend to rise when traders think the economy is getting better.

Dec 3, 2012 by Mark Brooks

SEC Charges Chinese Units of 5 U.S. Audit Firms

The Securities and Exchange Commission said Monday it has started proceedings against the Chinese affiliates of all so-called Big Four accounting firms, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, and a fifth major firm, BDO.

Dec 3, 2012 by Mark Brooks

Denbury Closes on First Phase of Exxon Asset Sale

Plano, Texas-based Denbury said that in the first of two closings ExxonMobil paid $1.3 billion in cash and transferred to Denbury its operating interests in Webster Field in Texas and Hartzog Draw Field in Wyoming.

Dec 3, 2012 by Mark Brooks

Report: Small Business Lending Picked Up in October

Lending to small companies rose 11 percent from September's level, according to a survey released Monday by PayNet, which provides credit ratings on small businesses.

Dec 3, 2012 by Mark Brooks

Oil Up as China Manufacturing Offsets Weak U.S. Data

Around midday, benchmark oil rose 25 cents to $89.16 per barrel.

Nov 30, 2012 by Mark Brooks

Vibram and Fila Settle Patent Case

Vibram filed suit against Fila this summer in the U.S. District Court for the District of Massachusetts claiming Fila's "Skele-Toes" shoes violated the patent rights of Vibram's "FiveFinger" shoe designs.

Nov 30, 2012 by Mark Brooks

Gold, Wholesale Gas, Coffee Prices Drop

Coffee for March delivery fell 3.7 percent Friday to end at $1.506 per pound.

Nov 30, 2012 by Mark Brooks

Eaton Completes $11.46 Billion Deal for Cooper Industries

With the acquisition, Cleveland-based Eaton is seeking to expand its reach in the global electrical power and distribution business.

Nov 30, 2012 by Mark Brooks

Analyst: Meat Prices May Rise Up to 8% in 2013

The market analyst said roughly 70 percent of the nation's cattle herd has been affected by drought this year, the fourth in a row with drought in at least some key cattle-producing areas.

Nov 30, 2012 by Mark Brooks

Exchange Operator CME Group Admits Error

CME said it issued a report late Thursday showing 164 wheat shipment certificates, when there were actually 2,000 not included in that count.

Nov 30, 2012 by Mark Brooks

U.S. Oil, Gas Rigs Down by 6 This Week

Texas-based oilfield services company Baker Hughes reported Friday that 1,386 rigs were exploring for oil and 424 were searching for gas.

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