GE modestly higher as investors mull co's strategy defense

General Electric Co's shares were posting a modest gain in midsession trade as investors pondered the defense the company issued to counter a prominent bond fund manager's criticisms of its debt load, dealers said.

At 11.45 am, the stock was up 32 cents, or 0.85%, at 37.77 in a generally lower market. The DJIA traded down 40.82 points at 10,439.02 and the Nasdaq composite down 6.66 at 1,862.17.