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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Apr 17, 2013 by Mark Brooks

Ex-BP Executive Testifies at Gulf Oil Spill Trial

Patrick O'Bryan, BP's vice president of drilling and completions in the Gulf of Mexico at the time of the company's April 2010 well blowout, said he never heard any concerns that the rig crew felt pressure to cut corners to finish a project that was behind schedule and over budget.

Apr 17, 2013 by Mark Brooks

European Car Sales Plummet, Even in Solid Germany

New car sales across Europe slid 10 percent in the first quarter of 2013 to 2.9 million, down from 3.3 million in 2012, the European automakers association ACEA reported from Brussels on Wednesday.

Apr 17, 2013 by Mark Brooks

American Airlines Resumes Most Flights

"Our operations returned to normal this morning," American Airlines spokeswoman Andrea Huguely said.

Apr 17, 2013 by Mark Brooks

More Courtroom Maneuvers in Martha Stewart Case

After weeks of Macy's presenting evidence, Martha Stewart and Penney will be presenting their side starting Thursday.

Apr 17, 2013 by Mark Brooks

Fed: Strong Housing, Auto Sales Boost U.S. Economy

All of the Fed's 12 banking districts grew moderately and growth accelerated in two districts -- New York and Dallas -- from January and early February.

Apr 17, 2013 by Mark Brooks

Lawmaker: EU Must Push for Cyprus' Reunification

Green lawmaker Daniel Cohn-Bendit said a sustainable economic recovery for the east Mediterranean island can only be achieved through closer ties with the region's biggest and most dynamic economy, Turkey.

Apr 16, 2013 by Mark Brooks

IMF Cuts Its Forecast for Global Economy in 2013

The global lending organization cut its forecast for global growth to 3.3 percent this year, down from its forecast in January of 3.5 percent. It didn't alter its prediction of 4 percent global growth in 2014.

Apr 16, 2013 by Mark Brooks

Outage Grounds American Airlines Flights

Some passengers are stuck on planes while others can't make reservations.

Apr 16, 2013 by Mark Brooks

Gold Recovers Slightly After a Steep Drop

Gold climbed 1.9 percent Tuesday, a day after plunging $140 an ounce, or 9 percent, as concerns about a slower world economy spurred a widespread sell-off in commodities and stocks.

Apr 16, 2013 by Mark Brooks

Official: Cyprus Lawmakers to Vote on Bailout Deal

Petros Clerides confirmed to the Associated Press on Tuesday that the deal Cyprus reached with its euro partners and the International Monetary Fund must secure parliamentary approval to become valid.

Apr 16, 2013 by Mark Brooks

Oil Down Again After Sharp Fall on Weak Demand

Oil fell as low as $86.06 a barrel on Tuesday before recovering to $88.33 a barrel, down 38 cents, in afternoon trading on the New York Mercantile Exchange.

Apr 16, 2013 by Mark Brooks

FINRA Fines Merrill Lynch $1.05 Million

The industry watchdog said Tuesday that it found that Merrill Lynch had programmed faulty pricing logic into its order management system, ML BondMarket.

Apr 16, 2013 by Mark Brooks

ECB's Draghi Urges Speedy Banking Union

Mario Draghi told the EU parliament Tuesday that it is of "utmost importance" to pass the legal prerequisites for a centralized banking oversight under the aegis of the ECB before the summer.

Apr 16, 2013 by Mark Brooks

Greece Holds Out Hope for 2013 Budget Target

"We still face a hard road ahead, until Greece can access markets again," Yannis Stournaras told a press conference.

Apr 16, 2013 by Mark Brooks

IMF Leaves Egypt After Hearing From Opposition

The IMF mission was in Egypt for nearly two weeks of talks with government officials and the opposition around possible political consensus for a $4.8 billion loan request.

Apr 15, 2013 by Mark Brooks

Psst: Tax Deadline Not Much of a Deadline for Most

However, if you wait more than three years to file, you forfeit your refund. So maybe it's better to file by Monday, after all. Besides, if you're getting a refund, why wait?

Apr 15, 2013 by Mark Brooks

France Forces Ministers to Show Financial Records

In a bid to "moralize" politics after the embarrassing revelation that France's top tax collector was himself dodging the tax man, President Francois Hollande ordered his entire cabinet -- 38 ministers -- to disclose their financial records. The results were posted online Monday evening.

Apr 15, 2013 by Mark Brooks

Greece Seals Deal With Debt Inspectors

The review by delegates from the International Monetary Fund, European Commission and European Central Bank -- known collectively as the troika -- is part of a regular process under which Greece receives installments of its multibillion-euro bailout.

Apr 15, 2013 by Mark Brooks

BP Manager Testifies at Trial Over Gulf Oil Spill

John Guide was the first witness to testify Monday as a trial over the disaster entered its eighth week.

Apr 15, 2013 by Mark Brooks

Oil Drops to Four-Month Low as China Growth Slows

West Texas Intermediate, the benchmark crude in the U.S., dropped $2.19, or 2.4 percent, to $89.10 a barrel in afternoon trading on the New York Mercantile Exchange.

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