More than 40 oil companies have sought access to geological data under Mexico’s first oil auction in eight decades, showing interest is holding up despite low oil prices, according to the nation’s hydrocarbons regulator.
Brazilian conglomerate Grupo OAS said it filed for bankruptcy protection in a São Paulo state court for nine of its units amid a corruption investigation that has engulfed some of Brazil´s largest construction firms.
Oil-sands company Laricina Energy said it has obtained creditor protection in Canada after getting a demand for payment from its key lender and largest shareholder, which says it is owed about $137 million.
Harman International, a maker of in-car multimedia systems, is buying the automotive side of Bang & Olufsen, giving the Stamford, Conn., company a dominant position in the branded car sound-system business.
Dutch electronics group Philips has sold a majority stake in its light-emitting diode components and automotive-lighting activities to a private-equity consortium in a cash deal that values the business at about $3.3 billion.