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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

May 13, 2013 by Mark Brooks

GM Says Supercomputers Will Keep Recalls in Check

The company formally opened a giant data center on Monday in the Detroit suburb of Warren, Michigan.

May 13, 2013 by Mark Brooks

Oil Falls to Near $95 as Dollar Strengthens

Benchmark oil for June delivery fell 87 cents to finish at $95.17 a barrel on the New York Mercantile Exchange.

May 13, 2013 by Mark Brooks

Carney: White House Counsel Told of IRS Review

Carney said President Barack Obama was not told about the review, and he reiterated Obama's assertion Monday that he did not learn such groups had been targeted until news reports broke Friday.

May 13, 2013 by Mark Brooks

Europe at Odds Over Next Steps to Banking Union

A majority of the 17 countries in the European Union's common euro currency union want to swiftly create a central banking regulator as well as an authority that can rescue or unwind ailing banks.

May 13, 2013 by Mark Brooks

Greece Uses Emergency Power on Striking Teachers

It is the third time this year that the conservative-led coalition government has used the emergency civil mobilization order -- a measure normally reserved for natural disasters and other times of national crisis -- to end a labor dispute in the crisis-hit country.

May 13, 2013 by Mark Brooks

Obama: Targeting by IRS Is "Outrageous"

Obama says he has "no patience for it" and will not tolerate a specific targeting of groups.

May 13, 2013 by Mark Brooks

Euro Ministers Discussing Troubled Slovenia

The ministers from the 17 countries using the euro currency are also discussing the outlook for Portugal, Greece and Cyprus, which have already received emergency loan programs and must meet tough conditions in return.

May 10, 2013 by Mark Brooks

Gold, Silver Fall as U.S. Dollar Appreciates

Gold for June delivery lost $32 to $1,436.60 an ounce Friday. It's down 14 percent so far this year.

May 10, 2013 by Mark Brooks

U.S. Rig Count Increases by 5 to 1,769

The Houston-based company said in its weekly report Friday that 1,412 rigs were exploring for oil and another 350 for gas.

May 10, 2013 by Mark Brooks

IRS Apologizes for Targeting Conservative Groups

Organizations were singled out because they included the words "tea party" or "patriot" in their applications for tax-exempt status, said Lois Lerner, who heads the IRS division that oversees tax-exempt groups.

May 10, 2013 by Mark Brooks

Oil Below $94 on Rising Dollar, OPEC Production

Benchmark crude for June delivery was down $2.60, or 2.7 percent, to $93.79 a barrel in morning trading on the New York Mercantile Exchange.

May 10, 2013 by Mark Brooks

Greek Anti-Austerity Strike Threatens School Exams

The Greek Federation of Secondary Education State School Teachers, OLME, voted to hold a 24-hour strike on May 17 and rolling strikes the following week to protest government plans for involuntary staff transfers and longer working hours.

May 10, 2013 by Mark Brooks

Strawberry Pepsi? New Fountain Machine in Test

Gina Anderson, a spokeswoman for PepsiCo, said the "Touch Tower" machines let people add up to four flavor shots -- lemon, cherry, strawberry, or vanilla -- to eight varieties of drinks.

May 10, 2013 by Mark Brooks

Bernanke Says Fed Increasing Financial Monitoring

Bernanke says the Fed is still monitoring banks and other systematically important financial institutions. But it has widened its scope to include the so-called shadow banking system, which includes loans that are turned into securities and sold to investors.

May 9, 2013 by Mark Brooks

Gold, Silver Edge Lower in Trading

Gold for June delivery fell $5.10 to $1,468.60 an ounce.

May 9, 2013 by Mark Brooks

Republicans to Back Obama's Student Loan Plan

Rep. John Kline, R-Minn., told The Associated Press that his GOP-led panel would support an idea included in Obama's budget proposal that links the interest rates on student loans to market rates.

May 9, 2013 by Mark Brooks

IRS Teams With Australia, U.K. to Expose Tax Cheats

The agencies are offering to share the information with other countries, so they can prosecute their citizens.

May 9, 2013 by Mark Brooks

U.S. Home Building Is Surging, but Job Growth Isn't

Builders would be starting work on more homes -- and contributing more to the economy -- if they could fill more job openings.

May 9, 2013 by Mark Brooks

Slovenia Announces Anti-Bailout Measures

The small Alpine country, once a model of socialist economy, is racing to convince investors it has a credible strategy for raising the funds to stay solvent and avoid becoming the fifth euro country after Cyprus to ask for financial aid.

May 9, 2013 by Mark Brooks

IMF Says Egypt's Economy Is Deteriorating

Egypt's negotiations with the IMF for the loan have dragged on for more than a year.

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