May 13, 2013 by Mark BrooksGM Says Supercomputers Will Keep Recalls in CheckThe company formally opened a giant data center on Monday in the Detroit suburb of Warren, Michigan.
May 13, 2013 by Mark BrooksOil Falls to Near $95 as Dollar StrengthensBenchmark 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 BrooksCarney: White House Counsel Told of IRS ReviewCarney 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 BrooksEurope at Odds Over Next Steps to Banking UnionA 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 BrooksGreece Uses Emergency Power on Striking TeachersIt 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 BrooksObama: 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 BrooksEuro Ministers Discussing Troubled SloveniaThe 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 BrooksGold, Silver Fall as U.S. Dollar AppreciatesGold 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 BrooksU.S. Rig Count Increases by 5 to 1,769The 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 BrooksIRS Apologizes for Targeting Conservative GroupsOrganizations 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 BrooksOil Below $94 on Rising Dollar, OPEC ProductionBenchmark 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 BrooksGreek Anti-Austerity Strike Threatens School ExamsThe 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 BrooksStrawberry Pepsi? New Fountain Machine in TestGina 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 BrooksBernanke Says Fed Increasing Financial MonitoringBernanke 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 BrooksGold, Silver Edge Lower in TradingGold for June delivery fell $5.10 to $1,468.60 an ounce.
May 9, 2013 by Mark BrooksRepublicans to Back Obama's Student Loan PlanRep. 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 BrooksIRS Teams With Australia, U.K. to Expose Tax CheatsThe agencies are offering to share the information with other countries, so they can prosecute their citizens.
May 9, 2013 by Mark BrooksU.S. Home Building Is Surging, but Job Growth Isn'tBuilders 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 BrooksSlovenia Announces Anti-Bailout MeasuresThe 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 BrooksIMF Says Egypt's Economy Is DeterioratingEgypt's negotiations with the IMF for the loan have dragged on for more than a year.
