Exclusive: Exxon revives sale of stake in giant Azeri oilfield

LONDON (Reuters) – Exxon Mobil (XOM.N) has relaunched the sale of its stake in Azerbaijan’s largest oilfield, the company said on Tuesday, as banking and industry sources said the move was drawing interest from large Asian oil and gas companies seeking to capitalize on the recent collapse in oil prices. Continue Reading

Icahn discloses U.S. probe into sale of Manitowoc shares: filing

BOSTON (Reuters) – Federal prosecutors in Manhattan asked billionaire investor Carl Icahn’s company for information about trades in crane maker Manitowoc, Icahn Enterprises disclosed in a regulatory filing on Thursday, in its first acknowledgement of such a probe. Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Continue Reading

Australia’s Lendlease hires banks to run engineering unit sale: sources

SYDNEY (Reuters) – Australian construction firm LendLease Group has appointed Morgan Stanley and local adviser Gresham to run the sale of its underperforming engineering and services business (E&S), two people aware of the matter told Reuters on Thursday. The investment banks have sent term sheets to a host or prospective Continue Reading