- Reuters
Petrobras CEO offers resignation, U.S.-listed shares tumble
The chief executive of Brazilian state-run oil company Petrobras offered to step down on Tuesday, the company said, sending shares sliding as investors braced for the possibility of more political interference at the firm. Chief Executive Jean Paul Prates asked the Petrobras board to meet and discuss an early end to his term, the company said in a late Tuesday filing. New York-listed shares of Petrobras fell over 6% in after-hours trading.
- Reuters
Brazil states ask court to double what Vale, BHP should pay for dam burst
Two Brazilian states have asked a court to more than double the amount that miners Vale and BHP, plus a jointly owned tie-up, must pay in damages for a 2015 deadly tailings dam failure, according to a legal document seen by Reuters on Tuesday. In January, a Brazilian federal judge ruled that Vale, BHP and their joint venture Samarco must pay 47.6 billion reais in damages for the dam burst, a preliminary decision which prompted Vale and BHP to raise provisions related to the case. In late 2015, the collapse of the dam, near the town of Mariana, Minas Gerais, at the Samarco iron ore mine, caused a vast flow of mud and toxic mining waste that buried a nearby village, killing 19 people.
- Raleigh News and Observer
Early results are in for Orange County school board race
Bonnie Hauser faces off against Jennifer Moore, who resigned her board seat in mid-April. But she remained on the ballot.
