Wall Street boosted by bank stocks; GE shares down on $10-bn quarterly loss


US stocks rose on Wednesday, driven by gains in bank stocks, while shares in General Electric fell after the company revealed a regulatory investigation of a multibillion-dollar insurance charge. GE shares were down 1.

8 per cent in morning trading, reversing course from premarket. The company in its earnings report forecast further weakening of its troubled power business and reported a $10 billion loss and a 5-per cent fall in revenue. "Clearly, GE is in the midst of a rather dramatic restructuring, so there's a lot.....

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