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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

May 31, 2013 by Mark Brooks

Russian Economist Critical of Putin Flees Pressure

"I don't see under what circumstances I can return," he said.

May 31, 2013 by Mark Brooks

OPEC Keeps Oil Output Target at 30 Million Barrels

The price for internationally traded benchmark oil is over $100 barrels a day, a level most OPEC countries are happy with.

May 31, 2013 by Mark Brooks

Eurogroup Head Praises Greece for Reform Efforts

Hammered by a prolonged financial crisis, Greece has been relying on funds from international rescue loans since May 2010.

May 30, 2013 by Mark Brooks

Ohio Congressmen on IRS: "How High Up Did It Go?"

The Obama administration has said no senior officials were involved in targeting.

May 30, 2013 by Mark Brooks

McDonald's CEO: I Lost Weight by Being More Active

Thompson said that he lost the weight by getting active again. He noted that Europeans walk a lot and that it's rare to see Europeans that are "very, very heavy."

May 29, 2013 by Mark Brooks

Gold, Silver Rise While Crude Oil Sinks

The June gold contract rose $12.40 to $1,391.30 an ounce, an increase of 0.9 percent.

May 29, 2013 by Mark Brooks

Wealthy Win Lion's Share of Major Tax Breaks

The Congressional Budget Office says more than half the benefits of 10 major tax breaks go to the one-fifth of U.S. households at the top of the income scale.

May 29, 2013 by Mark Brooks

Oil Giant Total to Pay $245 Million in Bribe Case

Court papers indicate Total paid $60 million in bribes between 1995 and 2004 that allowed it to re-enter the Iranian oil and gas market.

May 29, 2013 by Mark Brooks

AP Source: Obama Picking Furman for Economic Post

President Barack Obama intends to nominate Jason Furman, a veteran White House economic official, as chairman of the president's Council of Economic Advisers, according to a person familiar with the decision.

May 29, 2013 by Mark Brooks

ECB: Eurozone Still "Fragile" as Reforms Lag

The ECB's latest financial stability review said Wednesday that the weakening of the banking sector threatens to cause a flare-up in the 17-country eurozone's 3-and-a-half-year crisis over too much government debt.

May 29, 2013 by Mark Brooks

Congressional Committees Plan More IRS Hearings

When Congress returns from a weeklong recess on Monday, Danny Werfel is scheduled to appear before a House Appropriations subcommittee in his first congressional testimony since becoming acting IRS commissioner last week.

May 29, 2013 by Mark Brooks

Greece Receives Gloomy Forecasts

The Bank of Greece said the economy is likely to contract by a further 4.6 percent in 2013, with unemployment set to reach 28 percent.

May 29, 2013 by Mark Brooks

Biden Visits Brazil to Push Trade, Security

Earlier this week Biden visited Colombia, where he praised the government's security advances in recent years.

May 29, 2013 by Mark Brooks

EU Eases Pace of Austerity to Help Economy

Unveiling a series of country-specific policy recommendations in Brussels, the EU Commission, the 27-nation bloc's executive arm, said the countries must implement structural reforms, such as overhauling labor markets to make their economies more competitive.

May 28, 2013 by Mark Brooks

Oil Rises Above $95 a Barrel, Tracking Stocks

Benchmark oil for July delivery rose 86 cents to close at $95.01 a barrel in New York. It was the first gain for oil in five trading sessions.

May 28, 2013 by Mark Brooks

Gold Falls, Soybeans Rise in Trading

July soybeans climbed 33 cents, or 2.2 percent, to $15.0925 a bushel Tuesday.

May 28, 2013 by Mark Brooks

Wal-Mart Pleads Guilty in California Hazardous-Waste Case

As part of the plea, the company will pay $81 million, which will also cover charges in Missouri.

May 28, 2013 by Mark Brooks

Tax Overhaul: Looking to IRS Scandal for Momentum

Members of Congress from both political parties say the current uproar -- over the targeting of conservative political groups -- underscores that overly complex tax provisions have given the IRS too much discretion in interpreting and enforcing the law.

May 28, 2013 by Mark Brooks

Moody's: Outlook for U.S. Banks Raised to "Stable"

The rating agency said in a report issued Tuesday that sustained economic growth and a better jobs picture will help banks over the next 12 to 18 months.

May 28, 2013 by Mark Brooks

Group Urges Judge to Reject Fee-Fixing Settlement

Retailers had until Tuesday to opt out of the agreement, if they wished to pursue future legal action. Retailers who didn't opt out by the deadline were automatically be considered to have accepted the settlement.

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