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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Jun 5, 2013 by Mark Brooks

ECB Searches for Ways to Boost Sagging Eurozone

The eurozone economy has contracted for six straight quarters.

Jun 5, 2013 by Mark Brooks

Latvia Gets Go-Ahead to Become 18th Euro Member

European Union officials said Latvia's willingness to join next year is a vote of confidence for the shared currency.

Jun 4, 2013 by Mark Brooks

Oil Falls Slightly, Supply Data Eyed

Benchmark oil for July delivery fell 14 cents to finish at $93.31 a barrel on the New York Mercantile Exchange.

Jun 4, 2013 by Mark Brooks

Delta to Drop Memphis as Hub Airport

The airline says the Memphis hub is not making money. It's cutting daily flights there to 60 per day from the current 96. It's also cutting 230 jobs.

Jun 4, 2013 by Mark Brooks

Gold and Other Metals Fall as Dollar Strengthens

The actively traded August contract for gold fell $14.70, or 1 percent, to $1,397.20 an ounce.

Jun 4, 2013 by Mark Brooks

"Internship" Film Focuses on Google's Good Side

It's a nearly two-hour showcase for Google's idealistic culture and for a product line that's becoming deeply ingrained in people's technology-dependent lives.

Jun 4, 2013 by Mark Brooks

Watchdog: IRS Enjoys Luxury Rooms at Conference

The inspector general's report was surfacing as the IRS came under fire again in connection with its targeting of conservative groups during the 2010 and 2012 elections.

Jun 4, 2013 by Mark Brooks

IMF: France Needs More Economic Reforms to Keep Up

In its regular assessment of France's economy, the IMF said that it expects the economy to shrink 0.2 percent this year, down from a previously expected fall of 0.1 percent.

Jun 4, 2013 by Mark Brooks

Bids on Lunch With Buffett Already Top $500,000

The eBay auction began Sunday with a $25,000 opening price. By Tuesday, eight bidders had driven the price up to $500,100.

Jun 4, 2013 by Mark Brooks

IRS Victims Testify as New Agency Scandal Emerges

The leader of a small South Carolina tea party group said her organization first applied for tax-exempt status in 2010 -- and is still waiting for the application to be processed.

Jun 3, 2013 by Mark Brooks

Gold, Silver Recover Losses From Last Week

The actively traded August contract for gold rose $18.90 to $1,411.90 an ounce, a gain of 1.4 percent.

Jun 3, 2013 by Mark Brooks

New IRS Head Says Taxpayers No Longer Trust Agency

But acting IRS Commissioner Danny Werfel says he is "committed to restoring that trust."

Jun 3, 2013 by Mark Brooks

UK Loans Drop Despite Flagship Credit Program

Data released Monday by the Bank of England shows that net lending by banks and building societies participating in the Funding for Lending program dropped by 300 million pounds ($455 million) in the first three months of 2013 compared with the previous quarter.

Jun 3, 2013 by Mark Brooks

Fitch Downgrades Cyprus 1 Notch to B Minus

Fitch said in a statement Monday that there is a high risk that a €23 billion ($30 billion) bailout the country negotiated with its euro area partners and the IMF in March to rescue its deeply troubled banking sector and sagging economy could go off track.

Jun 3, 2013 by Mark Brooks

Oil Rebounds to Near $93 in European Trade

Earlier, prices fell to their lowest level in a month on the back of mixed Chinese manufacturing data.

Jun 3, 2013 by Mark Brooks

Germany to Help Spain With Credit for Growth, Jobs

Germany's state-owned KfW bank will provide about 1 billion euros ($1.3 billion) at low interest rates to its Spanish counterpart, which will be probably able to lend out several times that amount in cheap loans to local firms.

May 31, 2013 by Mark Brooks

Biden Says Brazil-U.S. Relations Enter New Era

He said President Obama wanted him to emphasize the "importance that the relationship with Brazil has for us."

May 31, 2013 by Mark Brooks

Lehman Brothers to Sell Another $1.06 Billion in Claims

The general unsecured claims are being sold for 44.75 percent of their face value of $1.06 billion.

May 31, 2013 by Mark Brooks

Eurozone Unemployment Heading for 20 Million

Eurostat, the European Union's statistics office, said Friday that the unemployment rate rose to 12.2 percent in April from the previous record of 12.1 percent the month before.

May 31, 2013 by Mark Brooks

BP Rig Supervisors Challenge Manslaughter Counts

Court filings Thursday by Robert Kaluza and Donald Vidrine's attorneys also argue that 11 of the 22 manslaughter counts don't extend to their clients because they weren't responsible for marine operations on the rig that exploded in the Gulf of Mexico in April 2010.

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