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Fed eases limit on Wells Fargo to make more small biz loans

Ken Sweet, Associated Press  |  Posted Apr 8th - 10:01am

Citing the coronavirus pandemic and an unprecedented need for loans and assistance for small businesses, the Federal Reserve is lifting its lending restrictions on Wells Fargo.

Grains lower, livestock mixed.

The Associated Press  |  Posted Apr 8th - 9:17am

Grain futures were lower Wednesday in early trading on the Chicago Board of Trade. Wheat for May delivery declined 5 cents at $5.46 a bushel; May corn lost 5.80 cents at $3.2840 a bushel; May oats was off 1.80 cents at $2.7320 a bushel; while May soybeans fell 2.80 cents at 8.5360 a bushel.

VIRUS DIARY: Life with an essential worker is a daily dance

Janelle Cogan, Associated Press  |  Posted Apr 8th - 8:04am

The daily dance begins when he arrives at the door. I meet him, prop the door open and quickly take a few steps backward. I don't want to get too close yet. He slips off his shoes without touching them and leaves them on the mat outside. His backpack drops to the floor, and I grab a sanitizing wipe to scrub it down.

Stocks are opening modestly higher on Wall Street following weakness in Europe and Asia amid questions over virus toll

The Associated Press  |  Posted Apr 8th - 7:34am

Stocks are opening modestly higher on Wall Street following weakness in Europe and Asia amid questions over virus toll.

Democrats want additions to Trump $250B emergency virus aid

Jill Colvin, Associated Press  |  Posted Apr 8th - 7:02am

Congressional Democratic leaders proposed Wednesday adding hundreds of billions of dollars for health care, state and local governments, and food stamps to $250 billion in fresh emergency aid President Donald Trump wants to help small businesses weather the coronavirus epidemic.

Fiat Chrysler recalls vehicles to fix backup camera displays

The Associated Press  |  Posted Apr 8th - 6:20am

Fiat Chrysler is recalling more than 365,000 vehicles mainly in North America because the rear view camera image can stay illuminated longer than allowed.

With Johnson hospitalized, who's who in Britain's Cabinet?

Sylvia Hui, Associated Press  |  Posted Apr 8th - 6:10am

With British Prime Minister Boris Johnson hospitalized in intensive care after contracting the coronavirus, who's left to run the country? A look at the key players in Johnson's Cabinet:

UK govt tries to advance virus response with Johnson in ICU

Jill Lawless and Danica Kirka, Associated Press  |  Posted Apr 8th - 5:23am

British Prime Minister Boris Johnson is “responding to treatment” but remains in intensive care with the new coronavirus, his spokesman said Wednesday, as the U.K. saw its biggest spike in deaths from the virus to date.

Germany moves to make it easier to block foreign takeovers

The Associated Press  |  Posted Apr 8th - 4:31am

Germany’s Cabinet on Wednesday approved legislation that will make it easier for authorities to prevent foreign takeovers of strategically important companies.

Europe struggles to agree on economic response to virus

Lorne Cook and David McHugh, Associated Press  |  Posted Apr 8th - 3:28am

European governments remained at loggerheads Wednesday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over aid conditions and proposals to borrow together to pay for the health crisis.

Iran says US oil production must be known before OPEC+ call

Nasser Karimi, Associated Press  |  Posted Apr 8th - 2:21am

Iran demanded on Wednesday that U.S. oil production levels must be known before an upcoming OPEC meeting with Russia and others seeking to boost global energy prices.

Update on the latest in business:

The Associated Press  |  Posted Apr 8th - 1:26am

Japan's benchmark advanced but other Asian shares fell today amid uncertainty over the coronavirus outbreak, which continues to claim more lives around the world.

AM Prep-Cyber Corner

The Associated Press  |  Posted Apr 8th - 1:12am

You’d think a pandemic that forces virtually everyone to stay home would be a major boon for online grocery services. However, that hasn’t been so. Instead many online services are finding it tough to keep up with demand. One reason is a lack of workers to handle the surge in orders. Another is that online food delivery sites often use the same retail outlets the rest of us do. For example, if most brick-and-mortar stores are out of toilet paper, online shopping services will also have trouble scoring some.

Wall Street climbs as volatility keeps squeezing markets

Stan Choe, Associated Press  |  Posted Apr 8th - 1:05am

Stocks are climbing again on Wall Street Wednesday. Maybe this time it will last.

The Latest: Melania Trump thanks medical workers in video

The Associated Press  |  Posted Apr 8th - 12:29am

Melania Trump released a brief video message of appreciation directed to the medical personnel and other front-line responders fighting the virus in the United States.

Japan's state of emergency is no lockdown. What's in it?

Mari Yamaguchi, Associated Press  |  Posted Apr 7th - 11:09pm

Prime Minister Shinzo Abe has declared a state of emergency in Tokyo and six other hard-hit Japanese prefectures to fortify the fight against the coronavirus outbreak. But this is no European or Wuhan-style lockdown. A look at what Japan's state of emergency entails:

Massive effort to get Los Angeles homeless into hotels

Christopher Weber, Associated Press  |  Posted Apr 7th - 11:06pm

To curb the coronavirus spread, Los Angeles has embarked on a massive effort to bring thousands of homeless people off the streets and into hotels to protect them and others from infection.

Pandemic deals blow to plastic bag bans, plastic reduction

Gillian Flaccus, Associated Press  |  Posted Apr 7th - 11:02pm

Just weeks ago, cities and even states across the U.S. were busy banning straws, limiting takeout containers and mandating that shoppers bring reusable bags or pay a small fee as the movement to eliminate single-use plastics took hold in mainstream America.

Trump challenges authority, independence of agency watchdogs

Eric Tucker, Matthew Daly and Mary Clare Jalonick, Associated Press  |  Posted Apr 7th - 10:10pm

President Donald Trump is moving aggressively to challenge the authority and independence of agency watchdogs overseeing his administration, including removing the inspector general tasked with overseeing the $2.2 trillion coronavirus rescue package that passed Congress with bipartisan support.