The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of AIG stock, cutting the government's stake in the bailed-out insurer to 55 percent.
The U.S. Department of the Treasury said it has priced its secondary public offering, of more than 52 million warrants to purchase common stock of The Hartford Financial Services Group Inc., at $13.70 per warrant.
The U.S. Treasury Department has extended the Terrorism Risk Insurance Act of 2002's "make available" requirement through 2005. The act, which was prompted by the terrorist attacks of Sept. 11, 2001,