Brazil Corruption Scandal Goes Nuclear as Police Probe Grows

Police extended Brazil’s biggest corruption investigation to executives of Latin America’s largest utility in another chapter of a scandal that has shaken the country’s political and business elites.

Brazil's Eletrobras cuts over 4,000 jobs in buyout

Brazilian state-led electric utility Eletrobras said on Friday 4,088 employees had agreed to a buyout package aimed at cutting payrolls and slashing costs in the face of lower electricity tariffs.