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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