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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Jun 7, 2013 by Mark Brooks

Commodities Slump After Job Report

Gold for delivery in August fell $32.80 to settle at $1,383 an ounce Friday, down 2 percent.

Jun 7, 2013 by Mark Brooks

IMF Approves $1.75 Billion Loan for Tunisia

The IMF says the 2-year loan will support an economic reform program in the country and help promote growth.

Jun 7, 2013 by Mark Brooks

U.S. Rig Count Drops 6 This Week to 1,765

The Houston-based company said Friday in its weekly report that 1,406 rigs were exploring for oil and 354 for gas. Five were listed as miscellaneous.

Jun 7, 2013 by Mark Brooks

New Mexico Governor Glad Whole Foods Reviewing Language Rule

Whole Foods' policy says all English-speaking workers must speak English to customers and other employees while on the clock, unless the customer speaks another language.

Jun 7, 2013 by Mark Brooks

Canada Downplays Signing EU Trade Deal Ahead of G8

Andrew MacDougall said Friday that while the two sides have been negotiating for quite a while, Canada has not reached an agreement it is comfortable with.

Jun 7, 2013 by Mark Brooks

Was IRS Targeting Limited to Cincinnati Office?

IRS officials have said repeatedly that the targeting was initiated by front-line agents in the Cincinnati office and was stopped once senior officials in Washington found out.

Jun 7, 2013 by Mark Brooks

Buffett Charity Lunch Auction Enters Final Hours

The high bid on the eBay auction Friday morning was $775,100, but the biggest bids often aren't made until just before the end, which was scheduled for 9:30 p.m. CDT.

Jun 7, 2013 by Mark Brooks

Greek First Quarter Economic Drop Worse Than Thought

The Greek Statistical Authority reported the revised figure Friday, following its May 15 estimate of a 5.3 percent contraction.

Jun 7, 2013 by Mark Brooks

Canada Adds a Whopping 95,000 Jobs in May

Statistics Canada said Friday that the massive gain dropped the unemployment rate one-tenth of a point to 7.1 percent.

Jun 7, 2013 by Mark Brooks

EU's Top Economic Official Lashes Out at IMF

Olli Rehn's unusually blunt outburst on Friday came two days after the Washington-based IMF issued a report acknowledging "notable failures" in handling Greece's 240 billion euro ($310 billion) bailout, implicitly blaming some of them on its European partners.

Jun 7, 2013 by Mark Brooks

Oil Falls Below $95 After U.S. Jobs Report

In morning trading in New York, benchmark oil for July delivery was down 30 cents to $94.46 a barrel. Oil rose as high as $95.34 a barrel earlier.

Jun 7, 2013 by Mark Brooks

In California, Obama and Xi Seek to Build New Ties

Obama's efforts to press Xi to halt China's alleged hacking against the U.S. could be overshadowed by revelations that Obama's own administration has been secretly seizing phone records from millions of Americans.

Jun 6, 2013 by Mark Brooks

IRS Official: Lavish Conference Followed IRS Rules

The official, Faris Fink, said spending at the $4.1 million gathering should have been more closely scrutinized, and that new rules would prevent such a conference today.

Jun 6, 2013 by Mark Brooks

Gold and Silver Rise Ahead of Jobs Report

Gold for August delivery rose $17.30 to settle at $14.15.80 an ounce. July silver gained 23.5 cents to $22.71 an ounce.

Jun 6, 2013 by Mark Brooks

EU Rejects IMF Criticism on Handling Greek Crisis

The European Commission, executive arm of the 27-country European Union, Thursday firmly rejected a report from the International Monetary Fund on the Greek bailout, adding that it "fundamentally disagrees" with some of its findings.

Jun 6, 2013 by Mark Brooks

U.S. Regains Wealth From Recession, but Not Equally

The Federal Reserve says U.S. household wealth jumped $3 trillion to $70.3 trillion in the January-March quarter this year.

Jun 6, 2013 by Mark Brooks

Senate Defeats Republican Student Loan Plan

The Senate on Thursday was scheduled to next take up Democrats' proposal that would extend current interest rates on new subsidized Stafford loans for the next two years at 3.4 percent.

Jun 6, 2013 by Mark Brooks

IRS Head Pledges Taxpayer Money to Be Spent Wisely

Acting Commissioner Danny Werfel says in his prepared remarks that it's a challenging time for the IRS.

Jun 5, 2013 by Mark Brooks

How the Fed Compiles the Beige Book, at a Glance

Eight times a year, the Federal Reserve issues the Beige Book, a snapshot of business conditions in each of the Fed's 12 regional bank districts.

Jun 5, 2013 by Mark Brooks

SEC Considers Tougher Rules for Money Funds

The SEC was to vote Wednesday to advance two plans that are intended to better inform investors and protect the industry from risks that surfaced at the height of the 2008 financial crisis.

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