Head of the line: Big companies got coronavirus loans first

NEW YORK (AP) — Ever since the U.S. government launched its emergency lending program for small businesses on April 3, there have been complaints that bigger companies had their loans approved and disbursed more quickly. There is now evidence to back up those complaints. An Associated Press analysis of Small Business Administration’s $659 billion Paycheck […]

The Latest: Bears place DT John Jenkins on COVID-19 list

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ The Chicago Bears placed defensive tackle John Jenkins on the Reserve/COVID-19 list on Thursday, meaning he tested positive for the coronavirus or is being quarantined after coming in close contact with someone infected. Jenkins played in 16 games for Miami […]

Wall Street pauses, and S&P 500’s 4-day winning streak snaps

Wall Street paused on Thursday, and the S&P 500 fell for the first time in five days as stocks that had held steadiest through this year’s feverish swings gave back some of their gains. The S&P 500 lost 10.52 points, or 0.3%, to 3,112.35 after being on track earlier in the day for its longest […]

Hope takes the reins on Wall Street, stocks rally worldwide

NEW YORK (AP) — In Wall Street’s tug of war between hope and pessimism about the coronavirus pandemic, hope is fighting back. U.S. stocks joined a worldwide rally Friday and closed out their first back-to-back weekly gain since the market began selling off two months ago. The S&P 500 jumped 2.7% for the day, following […]

The Latest: Hurricanes ask employees to take time off

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ The Carolina Hurricanes are asking full-time employees to take vacation or personal days off next week with limited operations due to the coronavirus. In an interview with The Associated Press, team president and general manager Don Waddell said the request […]

Asian shares sink after Dow hits bear level on pandemic news

TOKYO (AP) — Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan’s benchmark Nikkei 225 dived 4.9% to 18,468.99. Australia’s S&P/ASX 200 dropped 6.6% to 5,348.60. South Korea’s Kospi dipped 4.7% to 1,815.98. Hong Kong’s Hang Seng lost 3.8% to 24,269.06, while the Shanghai […]

Morgan Stanley to buy E-Trade for $13 billion

NEW YORK (AP) — Morgan Stanley, the investment bank for millionaires, big business and megamergers, is buying E-Trade Financial, the online brokerage that encouraged waves of regular investors to get into the market with ads featuring its talking spokesbaby. The roughly $13 billion, all-stock deal would be one of the biggest deals on Wall Street […]

Saints finish 13-3 but miss out on first-round bye

CHARLOTTE, N.C. (AP) — It turns out 13 wins weren’t enough to earn the New Orleans Saints a first-round bye in the NFC playoffs. The runaway winners of the NFC South will have to win an extra game if they hope to reach the Super Bowl. They’ll be the No. 3 seed in the playoffs […]

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