Investors sour on Petrobras after disappointing dividends

Shares of Brazilian state-controlled oil giant Petrobras plunged 11.73 percent late Friday morning. Even before the Brazilian stock exchange opened, the company’s American depositary receipts — which represent the company’s shares traded in New York — fell to 10.72 percent as the U.S. market opened. On Thursday night, Petrobras reported a 6.3 percent drop in
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