A three-judge panel in Brazil upholds an injunction banning Chevron (CVX +0.7%) and Transocean...

|About: Chevron Corporation (CVX)|By:, SA News Editor

A three-judge panel in Brazil upholds an injunction banning Chevron (CVX +0.7%) and Transocean (RIG +0.3%) from operating in the country, scolding the companies for failing to prevent last year's spill at the Frade field. The companies can still appeal the ban at a federal court.