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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Oct 23, 2012 by Mark Brooks

EU Needs Another $11.7 Billion

Money needed to continue funding for international students and poorer regions in the EU.

Oct 23, 2012 by Mark Brooks

Oil Price Drops Below $87; Pump Prices Down Again

Benchmark oil dropped $1.98, or 2.3 percent, to finish at $86.67 per barrel in New York. Oil has lost about 6 percent since Thursday, the biggest three-day drop in a month.

Oct 23, 2012 by Mark Brooks

Dollar Strengthens as the Stock Market Slides

The Dow Jones industrial average fell over 200 points after several companies reported weak quarterly earnings and cut their expectations for the year.

Oct 23, 2012 by Mark Brooks

Grains Futures, Livestock Prices Mostly Fall

Wheat for December delivery fell 9.50 cents to $8.6875 a bushel; December corn fell 5.25 cents to $7.56 a bushel; December oats fell 9.50 cents to $3.86 a bushel; while November soybeans rose 6.75 cents to $15.5325 a bushel.

Oct 23, 2012 by Mark Brooks

U.S. May Soon Become the World's Top Oil Producer

U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day.

Oct 23, 2012 by Mark Brooks

Spanish Economy Continued to Shrink in Q3

This is the fifth quarter in a row that Spain's economic output has contracted.

Oct 23, 2012 by Mark Brooks

Heelys Agrees to Sell Operations to Private Buyer

The announcement comes after years of declining sales of the company's roller shoes, which have been hurt by the economic downturn.

Oct 23, 2012 by Mark Brooks

Greek Junior Government Partner Blocks Reforms Deal

Fotis Kouvelis, who heads the center-left Democratic Left party, said Tuesday that labor reforms to be included in the austerity package would encourage layoffs and further fuel unemployment, already at a record 25 percent as the country faces a sixth year of recession.

Oct 23, 2012 by Mark Brooks

Fed Likely to Send Wait-and-See Signal at Meeting

No major announcements are expected when the Fed's latest two-day policy meeting ends Wednesday.

Oct 23, 2012 by Mark Brooks

AIG Agrees to Pay $11 Million to Illinois, Other States

AIG has agreed to change the way it handles the payment of life insurance benefits.

Oct 22, 2012 by Mark Brooks

Accenture CEO to Add Title of Board Chairman

Current chairman and former CEO William D. Green, 59, will leave the board, the company said.

Oct 22, 2012 by Mark Brooks

Euro Rises on Spain Election Results

Spain's Prime Minister Mariano Rajoy won an election in his home state. The results were seen as a vote of confidence in Rajoy's handling of the economy.

Oct 22, 2012 by Mark Brooks

Copper, Energy Futures Fall on Economy Concerns

More discouraging corporate earnings reports further dimmed the outlook for the U.S. economy, sending stocks and other higher-risk assets like commodities lower.

Oct 22, 2012 by Mark Brooks

Oshkosh Plans Response to Icahn Tender Offer

The company advised shareholders to take no action on Icahn's offer to buy their stock for $32.50 per share. Icahn launched his offer on Oct. 17, and Oshkosh said it will respond within 10 business days from that date.

Oct 22, 2012 by Mark Brooks

FDA: 5 Reported Deaths With Monster Drink Link

The agency acknowledged the adverse reports Monday, but FDA spokeswoman Shelly Burgess says they don't prove that the drinks caused the deaths.

Oct 22, 2012 by Mark Brooks

Retirement Worries Grow; 30-Somethings Most Uneasy

The survey findings by the Pew Research Center, released Monday, reflect the impact of a weak economic recovery beginning in 2009 that has shown stock market gains while housing values remain decimated.

Oct 22, 2012 by Mark Brooks

Greece Revises Up Its 2011 Deficit, Debt Figures

The national statistical authority said Monday that government overspending in 2011 was 9.4 percent of GDP, compared with an April estimate of 9.1 percent.

Oct 22, 2012 by Mark Brooks

Unease About Germany's Unchecked Gold Reserves

The central bank must renegotiate its contracts to gain the right to inspect its gold bars, which are worth tens of billions of dollars and are stored in the United States, Britain and France, the Federal Auditors' Office said in a report to lawmakers obtained by The Associated Press on Monday.

Oct 22, 2012 by Mark Brooks

Putin's Man Behind Rosneft's Rise to Power

The man known as Putin's Shadow is now at the head of the world's largest publicly traded producer of oil and gas.

Oct 22, 2012 by Mark Brooks

FedEx Sees Online Shoppers Powering Holiday Record

The forecast, released Monday, comes against a background of lackluster growth in the global economy.

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