Brazil's Workers Party, PT, said on Saturday that it's sticking with former president Lula da Silva as its presidential candidate even though the electoral court has thrown him off the ballot for an election just five weeks away.
Brazilian engineering conglomerate Grupo OAS expects revenue to shrink more than 50% by 2017 as it sells operations and refocuses on civil construction after filing for bankruptcy protection due to a bribery scandal at a state-run oil company.