What's News: Business & Finance -- WSJ
March 09 2017 - 3:02AM
Dow Jones News
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)
Copyright (c) 2017 Dow Jones & Company, Inc.
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