Feds sell $2.7B of Ally stake in bailout recoup

Feds sell .7B of Ally stake in bailout recoup
The Treasury Department said Wednesday it has sold trust preferred securities the government held in Ally Financial Inc . for $ 2.7 billion, the latest step to recoup the costs of the $ 700 billion financial bailout. The sale is set to close Monday.
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February new car sales up 12.6% on year earlier
New car sales in February were 12.6% higher than a year earlier at 4844, with new commercials up 15% to 1560.
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