1. Brazil's Oil Giant Pays $853 Million in Probe

    Brazil's Oil Giant Pays $853 Million in Probe

    Brazilian oil company Petrobras has agreed to an $853.2 million settlement with U.S. and Brazilian authorities to end years long investigations tied to one of the biggest corruption schemes ever uncovered...

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    1. It's a new story now. Petrobras is living a new phase.
    2. Executives at the highest levels of Petrobras -- including members of its Executive Board and Board of Directors -- facilitated the payment of hundreds of millions of dollars in bribes to Brazilian politicians and political parties and then cooked the books to conceal the bribe payments from investors and regulators.
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