What's News: Business & Finance -- WSJ

Oil prices plunged 5.4% to $50.28 a barrel on the Nymex, the biggest drop in over a year, after U.S. data showed a record surplus.

U.S. stocks slipped as the decline in oil hit energy firms. The Dow lost 69.03 points to 20855.73.

Big oil firms are moving away from extravagant projects and investing in cheaper, quicker ventures.

U.S. government bond yields rose to their highest level this year amid wagers on economic revival.

Trump's pick to head the SEC faces a range of possible conflicts due to his work as a Wall Street lawyer.

A leading candidate for the Fed's top regulatory job has opted out.

Bristol-Myers named a cancer doctor as its new R&D chief as the firm seeks to move beyond a drug-development setback.

Renovate America has masked problems with some borrowers by paying off their debts without informing investors, ex-employees say.

An investor group that was a leading contender to buy Time Inc. dropped out of the bidding process.

Uber said it will stop using technological tools to evade officials seeking to identify and block its drivers.

Samsung plans a major investment to expand its U.S. production facilities, with at least five states in talks.

The FCC's chief defended promised rollbacks of privacy and net-neutrality rules at a congressional hearing.

(END) Dow Jones Newswires

March 09, 2017 02:47 ET (07:47 GMT)

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