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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

May 2, 2013 by Mark Brooks

Kellogg's Cereal Quandary: Luring Back Adults

Overall cereal sales have lagged in the U.S. for years as Americans increasingly reach for foods that are easier to eat on the go.

May 2, 2013 by Mark Brooks

Reactions to European Central Bank Rate Cut

The ECB's president, Mario Draghi, also hinted that the bank could do more in coming months to get the eurozone economy growing again.

May 2, 2013 by Mark Brooks

Obama Taps Pritzker, Froman for Economic Jobs

President Barack Obama is nominating longtime fundraiser and philanthropist Penny Pritzker to run the Commerce Department and economic adviser Michael Froman to be the U.S. Trade Representative.

May 2, 2013 by Mark Brooks

Buffett Says Women Key to Nation's Prosperity

Buffett says most of America's prosperity was created using only about 50 percent of its talent -- the men. So he's confident the country will prosper as more and more women excel in the workforce.

May 2, 2013 by Mark Brooks

OECD Urges Italy to Keep Austerity as Rome Balks

Premier Enrico Letta on Thursday wrapped up a tour of European capitals where he expressed the growing antagonism within Europe to harsh austerity measures that, while bringing down the country's borrowing costs, have literally driven Italians to suicide.

May 2, 2013 by Mark Brooks

ECB Cuts Benchmark Interest Rate to 0.5%

European Central Bank president Mario Draghi says the bank is working with other European institutions to find a way to get more credit to small and medium size companies -- and spur a lagging economy.

May 1, 2013 by Mark Brooks

Gold, Silver, Other Metals Prices Fall Sharply

Gold for June delivery fell $25.90, or 1.8 percent, to $1,446.20 an ounce Wednesday. Silver fell 3.5 percent and copper fell 3.4 percent.

May 1, 2013 by Mark Brooks

Fed Signals It Could Increase or Decrease Stimulus

After a two-day policy meeting, the Fed maintained its plan to keep short-term interest rates at record lows at least until unemployment falls to 6.5 percent.

May 1, 2013 by Mark Brooks

J.C. Penney Ad Apologizes to Customers

The ad comes after the Plano, Texas-based company earlier this month fired its CEO, Ron Johnson, after 17 months on the job and rehired his predecessor, Mike Ullman.

May 1, 2013 by Mark Brooks

ECB Weighs Rate Cut as Eurozone Economy Struggles

Market expectations have risen in recent days of a reduction in the ECB's benchmark rate from its current record low of 0.75 percent when bank's 23-member governing council gathers to debate the issue in Bratislava, Slovakia.

May 1, 2013 by Mark Brooks

Around the World, Angry Workers Unite on May Day

In protests, parades, strikes, and other demonstrations held in cities across the planet, activists lashed out at political and business leaders they allege have ignored workers' voices or enriched themselves at the expense of laborers during what has been a difficult few years for the global economy.

May 1, 2013 by Mark Brooks

PepsiCo Pulls Mountain Dew Ad After Criticism

PepsiCo apologized in a statement and said it understood how the ad could be offensive. The company says the video has been removed from all Mountain Dew channels.

May 1, 2013 by Mark Brooks

Oil Sinks on China Manufacturing and U.S. Supplies

Benchmark oil for June delivery was down $2.72, or 2.9 percent, to $90.74 a barrel in morning trading on the New York Mercantile Exchange.

Apr 30, 2013 by Mark Brooks

AP Source: Obama Picks Wheeler to Lead FCC

The official said Obama planned to announce Wednesday that he was nominating Tom Wheeler as the country's top telecommunications regulator.

Apr 30, 2013 by Mark Brooks

Report: Apple Selling Record Amount in Bonds

Apple is selling the bonds in its first debt issue since the 1990s. The company is raising the money to give to shareholders through dividend payments and stock buybacks.

Apr 30, 2013 by Mark Brooks

Macy's Loses Appeal on Martha Stewart Goods

The ruling, which came Tuesday, rejects Macy's request for a preliminary injunction order aiming to block Penney from selling the collection of bedding, cookware, and other items labeled JCP Everyday while a larger court battle between the two big retailers over a partnership with the home maven is still pending.

Apr 30, 2013 by Mark Brooks

Cyprus Parliament Approves Bailout

The agreement was passed in the 56-seat parliament as expected with 29 votes in favor and 27 against. Cyprus struck the 23 billion euro ($30 billion) deal with its euro partners and the International Monetary Fund last month.

Apr 30, 2013 by Mark Brooks

Wheat Price Increases on Worsening Crop Conditions

July wheat rose 14.5 cents, or 2 percent, to $7.31 a bushel. The grain has advanced 6.3 percent this month.

Apr 30, 2013 by Mark Brooks

Italian PM Urges EU to Focus on Fostering Growth

Prime Minister Enrico Letta said Tuesday in Germany "it is absolutely necessary" to foster growth and job creation to help the 27-nation bloc's stalling economies "so that our citizens see Europe not as something negative but as something positive."

Apr 30, 2013 by Mark Brooks

Eurozone Inflation Falls to 3-Year Low in April

Expectations were already high that the ECB would cut its main interest rate from its all-time low of 0.75 percent at its monthly policy meeting on Thursday despite reservations from some members on its governing council.

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