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Treasury Department to Lower Stake in AIG

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  • Description

    FBN's Cheryl Casone breaks down mid-afternoon market news.

  • Duration 0:59
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Here -- business -- the US government is once again lowering its stake in AIG the Treasury Department will unload nearly 164 million shares for about five billion dollars cutting its ownership of the injured 63%.

Women's retailer jobless announce it -- it into an exclusive agreement with private equity firm sycamore partners.

Price tag is roughly 215 million dollars -- projected that the war's initial offer back.

In search of a higher bid back in the day anyway -- office says it is still evaluating its options.

And the battle between CBI energy and billionaire investor call like sun coming -- -- the majority of the oil refiner shareholders are supporting icons two point six billion dollar bid.

Thank Gibson -- -- needed to gain control CBI has been resisting the takeover scrapping last month shareholders rights plans.

-- that is the latest from the Fox Business Network Melissa Francis or roughly gonna come up after the break for you we're given you the power to prosper.

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