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By Denver NicksApril 16, 2014 4:58 PM EDTUpdated Friday April 18The Nigerian military claimed Wednesday that nearly all of the 129 Nigerian schoolgirls abducted earlier this week by the Islamist group Boko Haram have been freed but eight remain missing. In a statement Thursday, Maj. Gen. Chris Olukolade retracted that report, drawing criticism from distraught families who accused the government of spreading lies. According to the BBC, the military has confirmed that 44 of the girls have escaped captivity and 85 are still missing.The military is conducting a search-and-rescue operation for the remaining girls and one of the alleged kidnappers has been apprehended. Neither the girlsrsquo; condition nor the reason for their alleged release were immediately clear, CNN reports. The girls were abducted Monday night from their dormitories at their school in northeastern Nigeria, where the militant Islamist group has been waging a campaign of violence and terror for years. After a gun battle with author stanley cup ities, militants loade stanley cup d the girls onto busses and drove them away in a caravan.This story was updated to reflect the Nigerian military   retraction of its initial report.[CNN]More Must-Reads from stanley cup  TIMEHow the Economy is Doing in the Swing StatesHarris Battles For the Bro VoteOur Guide to Voting in the 2024 ElectionMel Robbins Will Make You Do ItWhy Vinegar Is So Good for YouYou Dont Have to Dread the End of Daylight SavingThe 20 Best Halloween TV Episodes of All Tim Ieao Women in Iraq Being Detained and Abused, Report Says
An employee shines a Ferrari in front of the New York Stock Exchange.JEWEL SAMADmdash;AFP/Getty ImagesBy Jonathan Chew / Fort adidas samba uneSeptember 30, 2015 11:49 AM EDTLegendary Italian automaker Ferrari could be launchi skechers ng its initial public offering as early as Friday, according to CNBC.The IPO could reach around $1 billion in size, and could start pricing at around Oct. 12, CNBC added.The luxury sports-car maker will be renamed Ferrari NV as a new, spun-off business from its previous parent company Fiat Chrysler Automobiles. In July, Fiat Chrysler filed with the Securities and Exchange Commission its intentions for a Ferrari IPO, stating that it would open around 10% of the new entity   common share hoka s to the public. Fiat would own around 80%mdash;and plans to distribute these shares to its own shareholdersmdash;and Piero Ferrari, the son of Ferrari founder Enzo Ferrari, would reportedly own around 10%.Ferrari has been renowned for its small stable of high performance sports cars, and currently touts 8 models, including the 488 GTB and the 458 Spider sport cars, and the limited edition LaFerrari supercar, the latter of which has been selling for around $1.7 million. In 2014, Ferrari shipped 7,255 automobiles, and recorded revenues of 2.76 billion euros  $3.08 billion , according to SEC documents.Demand for the IPO is expected to be high, and could value Ferrari at anything between $6 to $11 billion. However, some analysts have cautioned that high technological costs to keep t