U.S. Sells More GM Stock

The U.S. Dept. of the Treasury, which began selling its remaining 300.1 million shares of General Motors Co. in January, says it received $490 million last month from the sale of additional company stock.

Based on share prices during those periods, the government sold 5.3 million-5.6 million shares in January and 16.7 million-18.6 million shares in February.

The Treasury Dept. said in December it would dispose of its remaining GM shares by March 2014.