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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Nov 21, 2012 by Mark Brooks

Rate on 30-Year Mortgage Hits Record Low

Mortgage buyer Freddie Mac said Wednesday that the average rate on the 30-year loan dipped to 3.31 percent, the lowest on records dating back to 1971.

Nov 20, 2012 by Mark Brooks

Ex-Hedge Fund Trader Charged in $276 Million Insider Ploy

Mathew Martoma, 38, was charged in U.S. District Court in Manhattan with using the information to advise a hedge fund owner to buy shares in the companies developing the drug, then later to dump those investments and place financial bets against the companies when the tests returned disappointing results.

Nov 20, 2012 by Mark Brooks

Bewkes to Remain Time Warner CEO Through 2017

Under the terms of the new deal, Bewkes' base salary and bonus target will remain unchanged.

Nov 20, 2012 by Mark Brooks

New York Sues Credit Suisse Over Mortgage Securities

The suit filed Tuesday in Manhattan under New York's Martin Act alleges Credit Suisse deceived investors before the 2008 market collapse.

Nov 20, 2012 by Mark Brooks

Chevron Says New York Official Abused Shareholder Power

San Ramon, Calif.-based Chevron said that DiNapoli is sole trustee of the $150 billion state fund, which owns more than $800 million in Chevron stock, and that the comptroller violated duty by backing shareholder resolutions to settle the lawsuit and appoint an environmental specialist to the corporation's board.

Nov 20, 2012 by Mark Brooks

Orange Juice Futures Surge on Florida Winter Forecast

The price for frozen orange juice concentrate rose 4.2 percent Tuesday to finish at $1.22 per pound.

Nov 20, 2012 by Mark Brooks

Municipal Strikes Sweep Greece

Organizers at the peaceful rally, attended by more than 2,000 protesters, said more than two-thirds of the country's 325 municipalities were closed to the public because of protests across the nation.

Nov 20, 2012 by Mark Brooks

As Europe Plots Closer Ties, Britain Mulls Split

The British public shows no interest in moving closer to the rest of Europe, and most can't even seem to stomach the status quo.

Nov 20, 2012 by Mark Brooks

Bernanke Warns Congress to Avoid Fiscal Cliff

Without a deal, the measures known as the "fiscal cliff" will take effect in January.

Nov 20, 2012 by Mark Brooks

Dollar Mixed Against Major Currencies

The euro is trading at $1.2802, down from $1.2807 late Monday.

Nov 20, 2012 by Mark Brooks

Oil Falls as U.S. Prepares to Push Middle East Peace

Benchmark crude fell 68 cents to $88.60 Tuesday morning.

Nov 19, 2012 by Mark Brooks

Hopes of Budget Deal Push Dollar Lower

Traders were also hopeful that Greece will get its next batch of bailout money.

Nov 19, 2012 by Mark Brooks

2 Workers Shoulder Blame for 2010 BP Oil Disaster

A federal indictment last week charged Robert Kaluza and Donald Vidrine with manslaughter, accusing them of botching a crucial safety test.

Nov 19, 2012 by Mark Brooks

Gold, Oil Rise on Hopeful Economic Signs

Commodities also are benefiting from a weaker dollar.

Nov 19, 2012 by Mark Brooks

Judge Orders Hostess to Mediate With Union

The bankruptcy judge hearing the case says that the parties haven't gone through the critical step of mediation.

Nov 19, 2012 by Mark Brooks

Labor Board Promises Quick Action on Wal-Mart Case

The world's largest retailer filed a complaint with the National Labor Relations Board on Thursday to stop a group called OUR Walmart, which is made up of current and former Wal-Mart workers, from holding protests.

Nov 19, 2012 by Mark Brooks

Greece Fine-Tunes Its Austerity as It Awaits Loan

The loan was due to have been signed off last week at a meeting in Brussels of finance ministers and representatives from Greece's international creditors.

Nov 19, 2012 by Mark Brooks

Apple Climbs; Topeka Calls Share Sell-off "Insane"

After hitting an all-time of $705.10 on the day the company launched the iPhone 5, Apple's stock slumped into correction, and then into bear territory, down nearly 21 percent from that September high.

Nov 19, 2012 by Mark Brooks

Average U.S. Credit Card Debt Up in Third Quarter

The average credit card debt per borrower in the U.S. grew 4.9 percent in the July-to-September period from a year earlier to $4,996, credit reporting agency TransUnion said Monday.

Nov 19, 2012 by Mark Brooks

Oil Up on Middle East Fears, Fiscal Cliff Hope

Benchmark crude rose $2.54, or 2.9 percent, to $89.46 around midday in New York. Oil is now priced higher than it was on Election Day.

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