UPDATE 1-GM weakens on SEC probe, bankruptcy speculation


(Adds details throughout, background, closing share price) By Tom Brown DETROIT, Oct 27 (Reuters) - Shares of General Motors Corp. , already hurt by $3.8 billion in losses this year, fell almost 7 percent and its bonds weakened on Thursday after the company said U.S. regulators issued subpoenas as part of a probe into its accounting practices. GM's announcement on Wednesday that the Securities and Exchange Commission (SEC) was investigating its pension accounting, retiree benefits and ...

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