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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Oct 5, 2012 by Mark Brooks

Mexico Announces Big Gulf Deepwater Oil Find

The company says the area known as the Perdido belt contains prospective reserves that could amount to as much as 13 billion barrels of crude equivalent.

Oct 5, 2012 by Mark Brooks

American Says It Has Fixed Seats on 42 Planes

The airline said around midday Friday that all seat repairs on its Boeing 757 airplanes should be done by Saturday.

Oct 5, 2012 by Mark Brooks

U.S. Consumer Credit Up $18.1 Billion in August

The August borrowing gains reflected a $4.2 billion increase in borrowing on credit cards and a $13.9 billion increase in auto and student loans.

Oct 5, 2012 by Mark Brooks

CBO Tallies 2012 Deficit at $1.1 Trillion

The result was a slight, $207 billion improvement from the 2011 deficit of $1.3 trillion.

Oct 5, 2012 by Mark Brooks

U.S. Investigates Honda Pilots, Odysseys That Roll Away

The probe by the National Highway Traffic Safety Administration affects more than 577,000 older-model vehicles, which were big sellers with families because of their space and reputation for quality.

Oct 5, 2012 by Mark Brooks

Feds Studying Problems With Ford Escape Throttles

The nonprofit North Carolina Consumers Council has asked federal regulators to investigate two complaints from drivers that the small SUVs stalled or surged forward.

Oct 5, 2012 by Mark Brooks

Lehman Bros. Units Reach Agreement on Claims

On Friday, Lehman Brothers Inc. and Lehman Brothers International (Europe) said that their agreement would allow them to proceed with plans to allocate and distribute assets to customers and creditors.

Oct 5, 2012 by Mark Brooks

U.S. Jobless Rate Falls to 7.8%

The rate declined from 8.1 percent because the number of people who said they were employed soared by 873,000 — an encouraging sign for an economy that's been struggling to create enough jobs.

Oct 5, 2012 by Mark Brooks

Wet Seal Chairman, 3 Board Members Step Down

Wet Seal and The Clinton Group have been in a proxy fight.

Oct 5, 2012 by Mark Brooks

Avon Products Chairman to Step Down

Andrea Jung will be replaced as chairman by lead director Fred Hassan.

Oct 4, 2012 by Mark Brooks

Fed Open to Linking Rate Hike to Economic Gauge

The Fed has told investors that it plans to keep short-term rates low for at least another three years.

Oct 4, 2012 by Mark Brooks

Sears' Holiday Hiring to Be Flat From Last Year

During a holiday press event Thursday, the company, which operates Kmart and Sears, Roebuck and Co. stores, said that its hiring plans come as it has worked hard to make its associates more productive with strategies like using mobile checkout.

Oct 4, 2012 by Mark Brooks

Gold Price Surges on ECB Moves

Gold for December delivery rose $16.70 Thursday to finish at $1,796.50 per ounce.

Oct 4, 2012 by Mark Brooks

Google, Publishers Shelve Book-Scanning Suit

The truce announced Thursday ends a federal lawsuit filed in 2005 by several members of the Association of American Publishers after Google Inc. began stockpiling its Internet search index with digital duplicates of books scanned from libraries.

Oct 4, 2012 by Mark Brooks

Microsoft Buys Security Company Phonefactor

Microsoft didn't say how much it paid for the company.

Oct 4, 2012 by Mark Brooks

Facebook Now Home to 1 Billion Monthly Users

That's double the 500 million it hit in July 2010.

Oct 4, 2012 by Mark Brooks

Disney, Cablevision Reach Deal Without Dispute

The agreement is a notable change from a public dispute two years ago.

Oct 4, 2012 by Mark Brooks

Wal-Mart Sued in Florida by Workers Over Gender Bias

The potential class action lawsuit filed Thursday in federal court is at least the fourth in various parts of the country.

Oct 4, 2012 by Mark Brooks

Retailers Report Slower Sales Growth in September

September sales rose 3.9 percent — a slowdown from the 6-percent rise in August.

Oct 4, 2012 by Mark Brooks

BioSante Will Merge With ANI Pharma in Stock Deal

BioSante Pharmaceuticals said Thursday it will merge with ANI Pharmaceuticals in an all-stock deal worth about $94 million.

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