Why Petrobras (PBR) Stock Continues to Fall Today

NEW YORK (TheStreet) -- Shares of Petrobras continued to decline 4.08% to $16.91 on Friday amid an investigation into allegations that the Brazilian state-owned energy company had bribed government officials, according to Bloomberg. Sao Paulo-based Veja Magazine reported earlier this week that several politicians, including some in Brazilian President Dilma Rousseff's Worker's Party, received bribes linked to Petrobras' contracts. Paulo Roberto Costa, the former head of refining at Petrobras, di...