Jan 31, 2013 by Mark BrooksSenate to Vote on Debt-Limit IncreaseThe measure would suspend the $16.4 trillion limit on federal borrowing through May 18, allowing about $450 billion in new debt to be added to the federal ledger, according to an estimate by the Bipartisan Policy Center.
Jan 31, 2013 by Mark BrooksEconomic Jitters Compete With Obama AgendaAny immediate economic setback -- or the perception of one -- could weaken Obama's clout or at least distract him as he carefully tries to put his imprint on initiatives dealing with immigration and gun violence.
Jan 31, 2013 by Mark BrooksU.S. Challenges Anheuser-Busch MergerThe government says the deal would substantially reduce competition in the U.S. beer market, particularly in 26 metropolitan areas.
Jan 31, 2013 by Mark BrooksOil Falls on U.S. Unemployment Claims DataBenchmark oil for March delivery fell 72 cents to $97.22 a barrel in morning trading on the New York Mercantile Exchange.
Jan 31, 2013 by Mark BrooksObama's Jobs Council Shutting Down TodayObama created the council in 2011 and filled it with prominent business leaders and economists. Its authority runs out Thursday, and the White House says it is not renewing the panel.
Jan 31, 2013 by Mark BrooksLatvia Takes Big Step Toward Joining EuroIn spite of widespread worries among the population that's partly related to Europe's debt crisis, Latvia is on course to joining Europe's troubled single currency zone at the start of 2014 now that Parliament adopted a law on introducing the euro.
Jan 30, 2013 by Mark BrooksNext in BP Spill Saga: Civil Trial That Could Cost BillionsA trial scheduled to start Feb. 25 is designed to identify the causes of BP's well blowout and assign percentage of blame to BP, partners.
Jan 30, 2013 by Mark BrooksCommodities Climb on Slow Economy and Cheap MoneyGold for April delivery rose $18.90, more than 1 percent, to $1,681.60 per ounce.
Jan 30, 2013 by Mark BrooksGM to Invest $200 Million in Michigan Powertrain CenterThe move won't create any new jobs, but is aimed at speeding new products to market.
Jan 30, 2013 by Mark BrooksEconomic Data Show Eurozone Steadier, Still WeakIndex shows third straight monthly increase.
Jan 30, 2013 by Mark BrooksMedtronic Buys Stake in Chinese Med Tech Company Medtronic bought a 19% stake in LifeTech Scientific Corp. for $46.5 million.
Jan 30, 2013 by Mark BrooksTime Inc. Cutting 500 EmployeesThe unit publishes magazines such as Fortune, InStyle, People, Real Simple, Sports Illustrated and Time.
Jan 30, 2013 by Mark BrooksFed Notes Pause in Growth, Continues StimulusThe Fed's decision to continue its stimulus program was largely expected and had little impact on stock and bond prices.
Jan 30, 2013 by Mark BrooksOil Little Changed as U.S. Economy ContractsAt the pump, the national average for a gallon of gas jumped 3 cents to reach $3.39 for the first time since Dec. 1.
Jan 30, 2013 by Mark BrooksJudge Rejects Apple Demand to Increase Award Against SamsungApple has filed a new lawsuit contending Samsung's current products use Apple technology. Koh scheduled trial for that matter in 2014.
Jan 30, 2013 by Mark BrooksFed's New Voting Lineup Unlikely to Change PolicyThe Fed's goal is to keep borrowing costs low to stimulate spending and economic growth.
Jan 29, 2013 by Mark BrooksEuro Jumps to 14-Month High Against the DollarThe euro rose to $1.3486 in late trading Tuesday from $1.3456 late Monday. The euro jumped as high as $1.3497, its highest point against the dollar since Dec. 2, 2011.
Jan 29, 2013 by Mark BrooksReid: Replace Automatic Cuts in Short IncrementsThe comments by Majority Leader Harry Reid came amid increasing resignation among both Democrats and Republicans that the across-the-board cuts will soon take effect.
Jan 29, 2013 by Mark BrooksFed Likely to Stick to Low-Rate Message This WeekOn one point, economists agree: Once the Fed does decide to scale back its stimulative policies, it will signal its intent well before it actually does so.
Jan 29, 2013 by Mark BrooksJudge OKs $4 Billion BP Oil Spill Criminal SettlementBP agreed in November to plead guilty to charges involving the deaths of 11 workers aboard the drilling rig that exploded and for lying to Congress.
