Tag "3"

Ferrari files for share listing on the NYSE

Fiat Chrysler Automobiles NV’s plan to raise money by spinning off Ferrari took a step forward with the automaker filing for the unit’s initial public offering on the New York Stock Exchange. Fiat Chrysler, which has estimated the supercar division’s value at more than $11 billion, plans to complete the separation in early 2016, the Italian-American manufacturer said in a filing with the U.S. Securities and Exchange Commission. The stock

Senators unveil wide-ranging energy bill

Modernizing the electric grid and the emergency petroleum reserve were the cornerstones of a bill unveiled by leaders of the Senate energy committee on Wednesday, showing cross-party consensus on some issues, but the lawmakers failed to agree on whether to repeal the ban on U.S. oil exports. The Energy Policy Modernization Act marks a moment of limited agreement between Republican Senator Lisa Murkowski, of Alaska, and Democrat Senator Maria Cantwell