Reuters: Global Markets: RadioShack gets financing from GE Capital: source

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RadioShack gets financing from GE Capital: source Oct 21st 2013, 20:28 By Dhanya Skariachan NEW YORK | Mon Oct 21, 2013 4:28pm EDT NEW YORK (Reuters) - RadioShack (RSH.N) has secured a fresh round of financing from GE Capital, a source familiar with the matter said on Monday. The news, which was first reported by the Wall Street Journal, boosted the U.S. consumer electronics chain's shares by about 7 percent to $3.52 on Monday. Two sources had told Reuters earlier this month that General Electric Co's (GE.N) GE Capital, which tends to make large asset-based lending deals, was one among the many firms which had made financing offers to the retailer. RadioShack and GE Capital were not immediately available for comment.

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