US STOCKS-Wall St climbs after GM accord, Bear Stearns report

Newswire

(Updates to close) By Caroline Valetkevitch NEW YORK, Sept 26 (Reuters) - U.S. stocks rose on Wednesday as a labor agreement at General Motors Corp. promised to cutcosts for Detroit's automakers, while a report that Bear Stearns may sell a stake to outside investors lifted brokerage stocks. The GM accord, which requires approval by members of the United Auto Workers union, would set up a health-care trust fund aimed at reducing the automaker's medical costs. GM shares rose 9.4 percent, ...

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