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AIG Raises $2B from AIA Stake to Fund $5B Stock Buyback
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FBN's Tracy Byrnes breaks down afternoon market news.
- Duration 0:59
- Date Sep 7, 2012
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FBN's Tracy Byrnes breaks down afternoon market news.
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I'm -- burns we have Fox Business -- while American International Group.
Group has raised roughly two billion dollars from the sale of a partial stake.
An Asian life insurer AI a group.
May -- he will use the money to buy back up to five billion dollars of its stock from the US treasury.
And the move will help reduce the government's holding in the insurance company to below 50%.
For the first time since taxpayers bailed it out during the 2008 financial crisis.
You while lululemon is -- -- -- watch -- today this after the athletic apparel retailer posted better.
-- expected second quarter results and boosted its outlook for the year.
And video -- sales extended their slide last month.
According to research firm NPD group US sales of videogame consoles accessories.
Plunged 20% in August compared to a year ago.
That's -- latest from the Fox Business Network giving -- this power across.