Brazil’s Batista steps down as chairman of MPX

In this April 7, 2009 file photo, Brazilian billionaire Eike Batista attends a ceremony in which Batista donated about $4.5 U.S. million dollars for the the Rio 2016 Olympic games bid, in Rio de Janeiro, Brazil. Batista has stepped down as chairman of energy company MPX Energia after it was forced to call off a long-sought IPO. (AP Photo/Ricardo Moraes, File)SAO PAULO (AP) — Eike Batista, not long ago Brazil's richest man, has resigned as chairman of energy company MPX Energia after it was forced to call off a planned IPO, the company said Thursday.