Sectors
Chrysler files for IPO to move its merger deal with Fiat
Fiat SpA and Chrysler Group LLC chief executive Sergio Marchionne had filed an IPO on behalf of the latter to end the stalled merger of both carmarkers.
Gas prices drop in the US
A reduction in gas prices could be felt all over the US. Gas prices had been dropping all over the country. GasBuddy, a website that monitors the prices of gas around the US revealed that prices at the pump had fallen to as much as USD 3.
ProAssurance Corp acquires Eastern Insurance Holdings for USD 205 million
ProAssurance Corp announced that it would be buying Eastern Insurance Holdings for USD 205 million. Alabama-based risk management company ProAssurance Corp said it would be purchasing Eastern Insurance Holdings.
NY Fed Reserve head defends retention of bond purchasing policy
The New York Federal Reserve Bank retains bond purchasing policy. The head of New York's Federal Reserve Bank said last Tuesday it would remain possible for the Federal Reserve would trim its bond purchases before the year's end.