News in brief: 3i sells Oilfield stake

3i, the UK-based private equity group, is selling its stake in Reeves Oilfield Services to a subsidiary of Precision Drilling Corporation, a Canadian and US listed oilfield services company.

Reeves Oilfield Services, based in the UK, develops data logging tools which it uses to provide oil and gas well logging services to energy companies.

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110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the BrinkExternal link

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink