US Treasury

Treasury Sells Big Chunk of AIG Stock at a Profit

The U.S. government cut its stake in American International Group Inc to about 21.5 percent on Monday, making a profit of $12.4 billion on the insurer's crisis-era bailout and bringing the unpopular rescue closer to its end.

GM IPO: Open to All Investors

There have been some questions over the past few weeks about whether the General Motors IPO would include restrictions on money put into the shares from investors overseas. GM made it clear recently the the U.S. Treasury would hold some of its share indefinitely as opposed to disposing of them as soon after the IPO as possible.