SEC investigating GE charge; company posts $10 billion loss

U.S. securities regulators are probing a massive insurance charge recently announced by General Electric Co (GE.N), the latest blow to the nation's largest industrial conglomerate as it struggles to reverse steep declines in some of its units and is looking to sell off $20 billion of assets.GE announced the probe after reporting a $10-billion loss in the latest quarter, hurt by a $6.2 billion charge to increase insurance reserves, which it disclosed last week, and steep declines in profit in its