Latest Business headlines

Oil holds losses near three-week low

West Texas Intermediate for March delivery was at $27.36 a barrel on the New York Mercantile Exchange at 7:48 a.m. Hong Kong time.

Computer as driver? ‘Yes’ from feds boosts self-driving cars

Computers that control cars of the future can be considered drivers just like humans, the federal government’s highway safety agency has decided.

Sumner Redstone Revoked $70 Million Bequest to Former Companion

The 92-year-old media mogul Sumner M. Redstone planned to leave his former companion Manuela Herzer $50 million and his Beverly Park mansion.

Vertex founder’s name preserved in brick

Bold Types

MetLife makes its case against ‘too big to fail’ label

WASHINGTON — The “too big to fail” label is finally having its day in court.

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Sponsored by Rockland Trust

Pass it on: Succession plans crucial for family businesses

Sooner is better than later when planning who will take over the family business. Learn what it takes to make this necessary step a success.

This content was produced by Boston Globe Media in collaboration with the advertiser. The news and editorial departments of The Boston Globe had no role in its production or display.

State and city officials want to redevelop the 5.5-acre site of the Veolia steam plant (above) and an adjacent MassDOT office building

David L. Ryan/Globe Staff

Downtown steam plant site to be redeveloped

A prime piece of state-owned land, at the southern entrance to the city, is going on the market.

Shirley Leung

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2016/02/09/BostonGlobe.com/Business/Images/leung-5817.jpg MBTA gets technology religion as it eyes new apps

David Block-Schachter, who formerly worked at the bus service Bridj, is back in a post using technology to improve customer service.

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2016/02/10/BostonGlobe.com/Business/Images/greenhouse_03council-5_metro-5830.jpg Boston residents may vote on property tax surcharge

A 1 percent surcharge could generate $20 million for housing, parks, and historic preservation.

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2016/02/09/BostonGlobe.com/Business/Images/draftkings-5856-5795-5919-5804.jpg Fox cuts value of DraftKings stake by 60 percent

In an SEC filing, the media giant said the value of its $160 million investment in the Boston-based company has dropped significantly.

Tech Lab by Hiawatha Bray

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Bray writes about technology for the Business section. His Tech Lab column appears on Thursdays.

Shirley Leung

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Leung writes a business column every Wednesday and Friday. Previously she served six years as the business editor overseeing daily and Sunday coverage.

Innovation Economy by Scott Kirsner

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Kirsner’s Innovation Economy column appears in the Boston Sunday Globe, and he contributes to the Globe’s Beta Boston website.