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Mark Brooks

TheAssocPress

Recent Articles by Mark Brooks

Apr 10, 2013 by Mark Brooks

White House Projecting Slow Economic Gains Ahead

One bright spot in the projections: tame levels of inflation at just over 2 percent for all of the next decade.

Apr 10, 2013 by Mark Brooks

Cyprus Reports Sharp Cut in Size of Banking Sector

The draft memorandum of understanding, seen by The Associated Press Wednesday, claims the country's banking sector is now three-and-a-half times the size of the country's economy, down from five-and-a-half times.

Apr 10, 2013 by Mark Brooks

Oil Steady, Gasoline Futures Tank on Supply Data

In afternoon trading benchmark oil for May delivery was up 31 cents at $94.51 a barrel in New York.

Apr 10, 2013 by Mark Brooks

ConocoPhillips Delays 2014 Arctic Marine Drilling

ConocoPhillips said uncertainties of evolving federal regulatory requirements are the reason for backing off.

Apr 10, 2013 by Mark Brooks

EU Warns of Imbalances in Spain, Slovenia

In its health-check of European Union countries with debt and deficit problems, the Commission singled out Spain and Slovenia as countries where swift action was needed.

Apr 10, 2013 by Mark Brooks

Alberta Premier: Rejection of Oil Pipeline Would Mar Relationship

Premier Alison Redford said in a telephone interview with The Associated Press that the issue would keep coming up. Redford is in Washington for her fourth trip to lobby on behalf of a pipeline that Canada sees as critical to its economic well-being.

Apr 10, 2013 by Mark Brooks

Minutes: Fed Divided Over When to End Stimulus

Minutes of the Fed's March 19-20 meeting show a few members want end "relatively soon" a program that is spending $85 billion a month to purchases bonds, saying the costs likely outweigh the benefits.

Apr 10, 2013 by Mark Brooks

Obama Sends Congress $3.8 Trillion Spending Plan

The president's proposal being unveiled Wednesday includes an additional $1.8 trillion in deficit reduction over the next decade, bringing total deficit savings to $4.3 trillion, based on the administration's calculations.

Apr 9, 2013 by Mark Brooks

Court Approves Sale of Last of Core Hostess Assets

A representative for Hostess says a U.S. Bankruptcy Court judge in New York approved the two deals Tuesday.

Apr 9, 2013 by Mark Brooks

Oil Rises Above $94; Gasoline Drops to $3.58

Benchmark oil for May delivery gained 84 cents to finish at $94.20 a barrel. Oil is up $1.50 the past two days after declining by $4.53, or 4.7 percent, last week.

Apr 9, 2013 by Mark Brooks

Obama to Nominate Package of Labor Board Members

Obama urged the Senate to move swiftly in confirming the members -- two Republicans and one Democrat -- along with two other Democrats he nominated in February. That would fill all five seats on the board.

Apr 9, 2013 by Mark Brooks

Energy Secretary Nominee Backs Natural Gas "Revolution"

Ernest Moniz, a physics professor at the Massachusetts Institute of Technology, said "a stunning increase" in production of domestic natural gas in recent years was nothing less than a "revolution" that has led to reduced emissions of carbon dioxide and other gases that cause global warming.

Apr 9, 2013 by Mark Brooks

Chrysler Recalls 30,000 SUVs for Fuel Tank Problem

The recall affects Jeep Patriot and Jeep Compass four-wheel-drive vehicles from the 2012 model year. If they run out of gas, the engines can stall.

Apr 9, 2013 by Mark Brooks

U.S. Banks to Send Checks in Foreclosure Settlement

A total of $3.6 billion in cash will be distributed to 4.2 million borrowers who lost their homes or were at risk of foreclosure, the Federal Reserve and the U.S. Comptroller of the Currency said Tuesday.

Apr 9, 2013 by Mark Brooks

Chrysler Recalls Cars to Fix Air Bag Lights

Chrysler 300, Dodge Charger, and Dodge Challenger sedans made between April 2011 and December 2011 are involved in the recall.

Apr 9, 2013 by Mark Brooks

U.S., German Finance Chiefs Downplay Differences

Germany, which has Europe's biggest economy, has been a major force in making austerity-led deficit reduction the focus of the 17-nation euro area's crisis response, while Washington has said it would like to see more growth-friendly policies.

Apr 9, 2013 by Mark Brooks

Britain to Share Tax Info With European Countries

The British government says a pilot program will be developed that allows for data to be automatically shared among the five countries.

Apr 9, 2013 by Mark Brooks

Microsoft Escalates Advertising Assault on Google

The missive that began Tuesday marks the third phase in a 5-month-old marketing campaign that Microsoft derisively calls "Scroogled."

Apr 9, 2013 by Mark Brooks

Herbalife Shares Halted; Reasons Unclear

The company has been the subject of a public smackdown between two hedge fund moguls.

Apr 8, 2013 by Mark Brooks

Obama Budget Plan Revisits Small-Bore Budget Cuts

Ideas like higher Transportation Security Administration fees on airline tickets, the end of Saturday mail delivery and higher pension contributions for federal workers are the hardy perennials of Obama's budgets, reprised year after year, along with more widely known proposals like taxing oil companies and the rich.

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