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Treasury Department Looking to Lower its Stake in AIG

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  • Description

    FBN's Robert Gray breaks down late-morning market news.

  • Duration 0:56
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I'm Robert -- with your Fox Business -- the sharp sell off on Wall Street continues renewed concerns over the European debt crisis weighing on the markets here at home.

The Dow is down a 162.

Points red arrows across the board.

The Treasury Department is looking to further lower its stake in AIG the insurance company -- stronger than expected demand in its latest stock offering the treasury now plans to sell more than 188 million shares which will bring in five point eight billion bucks.

This below the Treasury's stake in the bailed out -- to 61%.

And small business confidence in April rose to its highest level since February 2011.

This is company stepped up plans for hiring and investing.

The National Federation of Independent Businesses says it's optimism index climbed to 94 point five last month.

That is -- -- -- from the Fox Business Network giving you the power to prosper.

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