Brazil’s government nominated the chief executive of mining giant Vale as the next board chairman of state-run oil firm Petrobras, disappointing those who were looking for sweeping changes at the oil company.
Financial firms are creating a murky, ad hoc market where the red-hot stocks of closely held technology companies trade largely out of sight of regulators, other investors and the companies themselves.
The Moto G has become the best-selling smartphone in Brazil, helping Motorola double its market share to 18% of unit shipments. The Moto G’s runaway popularity indicates the extent to which lower-priced, midtier cellphones will be increasingly important for vendors globally.
A JetBlue Airways Corp. pilot whose erratic behavior diverted a U.S. flight three years ago sued the airline on Friday for permitting him to fly despite what he claims was evidence of his mental-health problems.