GE unit increases steel mill financing by $100M
GE Commercial Finance Corporate Lending, a unit of General Electric Co., announced Wednesday it will increase its financing of a Mississippi steel mill by $100 million...
Fed Offers GE, Citigroup Commercial Paper Subsidies
The Federal Reserve may subsidize U.S. companies by buying their short-term debt at rates below those demanded by private investors in the $1.6 trillion commercial-paper market. Fed officials yesterday set the yield they will pay for commercial paper at about 1.1 percentage points less than the average cost for financial companies, weekly central bank data show. Policy makers last week announced emergency plans to buy the securities after the market shrank to a three-year low...
GE's 'Honey Pot' Properties Turn Sour
When the real-estate market was booming, General Electric Co.'s commercial-property business earned the nickname "the honey pot" among insiders because the company could increase earnings simply by selling a building or two. But now, the opposite is true: GE's difficulty selling its office buildings, shopping centers and other commercial property is dragging down its financial results....
GE plans to build trains in Kazakhstan
The Kazakh venture of General Electric Co. plans to produce as many as 200 locomotives a year starting in 2011. GE, the world's largest maker of locomotives, and AO Kazakhstan Temir Zholy National Co., the country's state-owned rail company, plan to produce up to 100 train engines a year starting in 2009 at a new $750 million plant in the capital Astana, Temir Zholy said Tuesday....
GE private equity arm holding off on new China buys
A private equity unit of General Electric said on Thursday that it would focus on its existing investment portfolio in China rather than investing in new projects over the next 2-3 years amid poor market conditions. Zhu Wenqian, head of private equity and business development, Greater China at GE Commercial Finance, said asset managers and investors would have to prepare for "a sustained war" before the markets start to recover....
Crisis stresses in-house lending of U.S. companies
Increasing signs of stress at the finance arm of General Electric Co has triggered some concerns about other companies with in-house lending units and their ability to weather the financial crisis....
Cramer: Sure, Buffett Can Afford to Buy Here
Great to see Warren Buffett buying here. Fabulous. He has a lot of firepower. He is right to buy American. And I want to go with him, except, he's been buying for awhile, and, more important, he can be down 20% to 30% and it doesn't matter...
Showing posts with label GE Commercial Finance. Show all posts
Showing posts with label GE Commercial Finance. Show all posts
Friday, October 17, 2008
Recent News: Steel Mill Financing, Commercial Paper Subsidies, Commercial Properties, Locomotives in Kazakhstan, China, and Jim Cramer - Warren Buffet
Tuesday, March 25, 2008
Recent News: GE Commerical Finance, Jeff Immelt's Outlook, GE Money, US Air Force, International Investments, and Clean Energy
GE Commercial Finance Appoints New Head of European Leveraged
Thomas Greco has been named as the new European Head of GE Commercial Finance’s Leveraged Finance activities. He will oversee strategy and development throughout the region and be responsible for driving growth through its lead arrange and participations business...
GE Chief Immelt sees revenue up at least 10 per cent in '08
General Electric Co. chief executive Jeff Immelt on Wednesday said that revenue should rise by at least 10 per cent to US$195 billion this year for the industrial, financial and entertainment conglomerate...
GE's Immelt Is A True Believer
In his annual letter to General Electric shareholders, Jeffrey Immelt said that he believes in GE's future. It certainly seems true; the GE chairman is buying serious chunks of the company's stock for his own account....
GE Money launches new personal loan
GE Money has launched James, a new and enhanced personal loan that empowers customers to make their own choices through an extensive range of flexible repayment options...
GE May Buy $10 Billion of Japan Property as Crunch Spurs Sales
General Electric Co.'s property arm may buy as much as $10 billion of Japanese real estate this year, expecting tighter credit and rising borrowing costs will prompt local trusts to sell assets and drive down prices....
Air Force Wants GE In Fighter Program
As United Technologies Corp. and General Electric continue to spar over GE's role in the nation's most expensive weapons program, senior Air Force officials have said bluntly that they want to keep GE on board despite official Defense Department opposition....
GE plans international investments
GE Energy Financial Services said it will invest $5 billion outside the United States. The $5 billion represents nearly a quarter of the firm's total plan and GE said it will be used to help mainly Southeast Asia and the Middle East grow and help meet soaring energy demand by the end of 2010...
GE CEO says U.S. moving too slowly on clean energy
The United States is in danger of falling behind other nations in reducing greenhouse gas emissions if both the federal government and Corporate America do not move quickly to support sources of clean energy, General Electric Co Chief Executive Jeffrey Immelt said on Wednesday....
Thomas Greco has been named as the new European Head of GE Commercial Finance’s Leveraged Finance activities. He will oversee strategy and development throughout the region and be responsible for driving growth through its lead arrange and participations business...
GE Chief Immelt sees revenue up at least 10 per cent in '08
General Electric Co. chief executive Jeff Immelt on Wednesday said that revenue should rise by at least 10 per cent to US$195 billion this year for the industrial, financial and entertainment conglomerate...
GE's Immelt Is A True Believer
In his annual letter to General Electric shareholders, Jeffrey Immelt said that he believes in GE's future. It certainly seems true; the GE chairman is buying serious chunks of the company's stock for his own account....
GE Money launches new personal loan
GE Money has launched James, a new and enhanced personal loan that empowers customers to make their own choices through an extensive range of flexible repayment options...
GE May Buy $10 Billion of Japan Property as Crunch Spurs Sales
General Electric Co.'s property arm may buy as much as $10 billion of Japanese real estate this year, expecting tighter credit and rising borrowing costs will prompt local trusts to sell assets and drive down prices....
Air Force Wants GE In Fighter Program
As United Technologies Corp. and General Electric continue to spar over GE's role in the nation's most expensive weapons program, senior Air Force officials have said bluntly that they want to keep GE on board despite official Defense Department opposition....
GE plans international investments
GE Energy Financial Services said it will invest $5 billion outside the United States. The $5 billion represents nearly a quarter of the firm's total plan and GE said it will be used to help mainly Southeast Asia and the Middle East grow and help meet soaring energy demand by the end of 2010...
GE CEO says U.S. moving too slowly on clean energy
The United States is in danger of falling behind other nations in reducing greenhouse gas emissions if both the federal government and Corporate America do not move quickly to support sources of clean energy, General Electric Co Chief Executive Jeffrey Immelt said on Wednesday....
Friday, February 15, 2008
Recent News: Jet Engines, GE Capital, GE Commerical Finance, Wind Power, Coal Research,
Congress may restore funding for GE-Rolls Royce fighter engine
The chairman of a key defense subcommittee in the U.S. House of Representatives predicted that Congress would restore funding for an alternative fighter engine being developed by GE Aviation and Rolls-Royce, Reuters news agency reported Wednesday. A proposed White House defense budget released last week would cancel funding for the F136 engine, which is intended to compete with a Pratt & Whitney engine to power the F-35, or Joint Strike Fighter. The F-35 is being developed in multiple versions by Lockheed Martin Corp...
GE Capital Solutions, Franchise Finance Helps Sizzling Platter Grow with $58 Million Loan
Sizzling Platter, LLC., a multi-concept operating company with 37 restaurants, is refinancing existing debt, developing new units, and acquiring a Salt Lake City-based 51 unit Little Caesars Pizza franchisee with a senior-term debt loan and revolving line of credit from GE Capital Solutions, Franchise Finance.
GE Provides $425 Million Credit Facility to Mobilitie
GE Commercial Finance's Media, Communications & Entertainment business today announced it has provided a $425 million senior secured credit facility to Mobilitie, the owner of telecommunications towers located across the United States and a portfolio company of Oaktree Capital Management. GE - Media, Communications & Entertainment served as administrative agent and GE Capital Markets acted as joint bookrunner and joint lead arranger with TD Securities for the facility. The facility will be used to support the acquisition of additional towers and deployment of other wireless infrastructure assets....
GE: Plenty of Tailwinds for Wind Power
GE, the biggest U.S. maker of wind turbines, told Reuters yesterday that 2008 revenues from turbine sales could approach $6 billion (HT: Solve Climate.) That could mean as much as 4.2 gigawatts of turbines in 2008, if order-book prices from market-leader and price-setter Vestas are any guide. How much is that? Almost as much wind power as the U.S. installed last year. Or, about 20% of last year’s record-breaking installation. Or, just under 5% of all the wind power installed in the world today...
UW, GE team up to develop advanced coal technology centerSource
GE Energy announced today that it has signed a letter of intent with the University of Wyoming, countersigned by Gov. Dave Freudenthal, for the development of an advanced gasification research and technology center in Wyoming.The proposed center would consist of a small scale gasification system that would allow UW and GE researchers to develop advanced coal gasification technology solutions for Wyoming coals...
GE Sensors Help Control Ventilation in Schools
GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE:GE), is helping schools control their ventilation and outdoor air supply. “Maintaining proper air quality in schools is an important part of maintaining a comfortable, healthy, productive environment for students and faculty,” said Rod Valenta, General Manager of GE Sensing & Inspection Technologies’ Telaire division...
The chairman of a key defense subcommittee in the U.S. House of Representatives predicted that Congress would restore funding for an alternative fighter engine being developed by GE Aviation and Rolls-Royce, Reuters news agency reported Wednesday. A proposed White House defense budget released last week would cancel funding for the F136 engine, which is intended to compete with a Pratt & Whitney engine to power the F-35, or Joint Strike Fighter. The F-35 is being developed in multiple versions by Lockheed Martin Corp...
GE Capital Solutions, Franchise Finance Helps Sizzling Platter Grow with $58 Million Loan
Sizzling Platter, LLC., a multi-concept operating company with 37 restaurants, is refinancing existing debt, developing new units, and acquiring a Salt Lake City-based 51 unit Little Caesars Pizza franchisee with a senior-term debt loan and revolving line of credit from GE Capital Solutions, Franchise Finance.
GE Provides $425 Million Credit Facility to Mobilitie
GE Commercial Finance's Media, Communications & Entertainment business today announced it has provided a $425 million senior secured credit facility to Mobilitie, the owner of telecommunications towers located across the United States and a portfolio company of Oaktree Capital Management. GE - Media, Communications & Entertainment served as administrative agent and GE Capital Markets acted as joint bookrunner and joint lead arranger with TD Securities for the facility. The facility will be used to support the acquisition of additional towers and deployment of other wireless infrastructure assets....
GE: Plenty of Tailwinds for Wind Power
GE, the biggest U.S. maker of wind turbines, told Reuters yesterday that 2008 revenues from turbine sales could approach $6 billion (HT: Solve Climate.) That could mean as much as 4.2 gigawatts of turbines in 2008, if order-book prices from market-leader and price-setter Vestas are any guide. How much is that? Almost as much wind power as the U.S. installed last year. Or, about 20% of last year’s record-breaking installation. Or, just under 5% of all the wind power installed in the world today...
UW, GE team up to develop advanced coal technology centerSource
GE Energy announced today that it has signed a letter of intent with the University of Wyoming, countersigned by Gov. Dave Freudenthal, for the development of an advanced gasification research and technology center in Wyoming.The proposed center would consist of a small scale gasification system that would allow UW and GE researchers to develop advanced coal gasification technology solutions for Wyoming coals...
GE Sensors Help Control Ventilation in Schools
GE Sensing & Inspection Technologies, a unit of GE Enterprise Solutions (NYSE:GE), is helping schools control their ventilation and outdoor air supply. “Maintaining proper air quality in schools is an important part of maintaining a comfortable, healthy, productive environment for students and faculty,” said Rod Valenta, General Manager of GE Sensing & Inspection Technologies’ Telaire division...
Wednesday, February 13, 2008
Recent News: Overseas Sales, Gas Turbine Engines, Carrie McCabe, GE Real Estate, Sikorsky CH-53, Google-Enabled Phones, Dryer Recall, and GE Oil & Gas
Overseas Sales Big For GE Fairfield-based General Electric Co. will get about 60 percent of infrastructure sales from overseas this year, a 5 percentage point increase from 2007, as the U.S. economy wanes and developing countries add electrical capacity to fuel growth, Vice Chairman John Rice said Tuesday....
Pratt & Whitney Power Systems to provide IGT parts to GE gas turbines
Pratt & Whitney Power Systems has been selected by the Los Angeles Department of Water and Power to provide industrial gas turbine parts for four General Electric Frame 7FA+e gas turbines. ...
Senior hedge exec to launch new firm backed by GE
Carrie McCabe, among the most prominent women executives in the hedge fund industry, is launching a new hedge fund investment firm backed by General Electric's asset management division, sources familiar with the situation said on Tuesday....
GE Real Estate Takes Lead in $50 Million Refinancing to Vancouver Film Studios
GE Real Estate announcedtoday it was the lead partner for a $50 million refinancing of Vancouver FilmStudios, a state-of-the art film and television studio complex....
GE cuts metal for engine to power Sikorsky's CH-53K
General Electric has machined the first parts for the new GE38-1B turboshaft engine that will power the Sikorsky CH-53K heavylift helicopter under development for the US Marine Corps...
GE to Produce Google-Enabled DECT Phone
General Electric has announced the GE Premiere DECT 6.0 Phone with Home Speakerbox/Intercom. The new DECT phone will include a dedicated two-way wireless intercom system, as well as a special portable speakerphone/room intercom unit...
GE pulls pin on National Parts
GE Commercial may have forced the liquidation of National Parts, one of Australia's largest car parts’ distributors. The firm trades mainly through six wholesale outlets that supply the AutoPro network of retail outlets...
GE Recalls Dryers Due to Shock Hazard
The U.S. Consumer Product Safety Commission and General Electric Co. on Monday recalled about 2,100 GE gas clothes dryers because a short circuit could cause a shock hazard...
StatoilHydro Announces Technology Cooperation with GE Oil & Gas
StatoilHydro and GE Oil & Gas today signed a Technology Cooperation Agreement, which establishes a formal collaborative working relationship between the two companies for the ongoing development of technology related to specific oil and gas projects...
Pratt & Whitney Power Systems to provide IGT parts to GE gas turbines
Pratt & Whitney Power Systems has been selected by the Los Angeles Department of Water and Power to provide industrial gas turbine parts for four General Electric Frame 7FA+e gas turbines. ...
Senior hedge exec to launch new firm backed by GE
Carrie McCabe, among the most prominent women executives in the hedge fund industry, is launching a new hedge fund investment firm backed by General Electric's asset management division, sources familiar with the situation said on Tuesday....
GE Real Estate Takes Lead in $50 Million Refinancing to Vancouver Film Studios
GE Real Estate announcedtoday it was the lead partner for a $50 million refinancing of Vancouver FilmStudios, a state-of-the art film and television studio complex....
GE cuts metal for engine to power Sikorsky's CH-53K
General Electric has machined the first parts for the new GE38-1B turboshaft engine that will power the Sikorsky CH-53K heavylift helicopter under development for the US Marine Corps...
GE to Produce Google-Enabled DECT Phone
General Electric has announced the GE Premiere DECT 6.0 Phone with Home Speakerbox/Intercom. The new DECT phone will include a dedicated two-way wireless intercom system, as well as a special portable speakerphone/room intercom unit...
GE pulls pin on National Parts
GE Commercial may have forced the liquidation of National Parts, one of Australia's largest car parts’ distributors. The firm trades mainly through six wholesale outlets that supply the AutoPro network of retail outlets...
GE Recalls Dryers Due to Shock Hazard
The U.S. Consumer Product Safety Commission and General Electric Co. on Monday recalled about 2,100 GE gas clothes dryers because a short circuit could cause a shock hazard...
StatoilHydro Announces Technology Cooperation with GE Oil & Gas
StatoilHydro and GE Oil & Gas today signed a Technology Cooperation Agreement, which establishes a formal collaborative working relationship between the two companies for the ongoing development of technology related to specific oil and gas projects...
Tuesday, February 12, 2008
Recent News: GE Gas Turbines, Jet Engine Demand, Bob Nardelli, GE Money, GE Commerical Finance, and GE Fanuc
IEC picks GE gas turbines despite higher cost: IEC: Siemens did not meet the tender terms
Sources inform "Globes" that Israel Electric Corporation (IEC) wants to buy gas turbines from General Electric Company for its Ramat Hovav power station even though it received cheaper bids from Siemens AG. However, some IEC executives question this position ahead of the board of directors' final decision on the issue next month...
Jet engine demand soaring at GE plant
Strong demand for jet engines helped to propel General Electric Co. to a 15 percent profit increase in the fourth quarter, the company recently reported...
ACT 3: Nardelli follows script from Home Depot, GE
Think of it as "Nardelli, the Sequel." And like in many big-budget follow-ups, Bob Nardelli, six months into his role as Chrysler LLC's top executive, is following much of the same storyline from his days of running Home Depot. Both at Home Depot and Chrysler, General Electric veteran Nardelli set out to rapidly change corporate culture by shaking up the top executive ranks and bolstering the role of the human resources department. He put greater emphasis on inventory management and customer satisfaction and working to expand global operations...
GE Money seeks ally for mortgage business
GE Money India is looking for a strategic partner to drive scale just as it did with the State Bank of India (SBI) for its card business. It is trying to replicate its card model in its joint venture with Wizard Home Loans, a non-banking finance company from Australia...
GE Sensing acquiresRheonik Coriolis meters
GE Sensing and Inspection Technologies is to acquire Rheonik, a leading manufacturer of high accuracy Coriolis mass flowmeters used in the oil and gas, process and power industries...
GE Acquires Sole Ownership of East Asia GE Commercial Finance
GE Commercial Finance today announced that it has entered into a definitive agreement to become the sole shareholder of East Asia GE Commercial Finance (EAGE). In 2001, GE acquired a 50 percent equity interest in EAGE. Under the terms of the new definitive agreement, EAGE, with the support of GE, will repurchase the remaining 50 percent of its outstanding equity interest from Bank of East Asia. Acquiring sole ownership of EAGE is a key step towards executing GE's long-term strategy for the Greater China market...
GE CNC units programmed directly onsite
With Manual Guide i, the current Fanuc GE CNC controllers can be directly programmed onsite in a simple manner - regardless of whether turning, milling or combining machining processes...
Sources inform "Globes" that Israel Electric Corporation (IEC) wants to buy gas turbines from General Electric Company for its Ramat Hovav power station even though it received cheaper bids from Siemens AG. However, some IEC executives question this position ahead of the board of directors' final decision on the issue next month...
Jet engine demand soaring at GE plant
Strong demand for jet engines helped to propel General Electric Co. to a 15 percent profit increase in the fourth quarter, the company recently reported...
ACT 3: Nardelli follows script from Home Depot, GE
Think of it as "Nardelli, the Sequel." And like in many big-budget follow-ups, Bob Nardelli, six months into his role as Chrysler LLC's top executive, is following much of the same storyline from his days of running Home Depot. Both at Home Depot and Chrysler, General Electric veteran Nardelli set out to rapidly change corporate culture by shaking up the top executive ranks and bolstering the role of the human resources department. He put greater emphasis on inventory management and customer satisfaction and working to expand global operations...
GE Money seeks ally for mortgage business
GE Money India is looking for a strategic partner to drive scale just as it did with the State Bank of India (SBI) for its card business. It is trying to replicate its card model in its joint venture with Wizard Home Loans, a non-banking finance company from Australia...
GE Sensing acquiresRheonik Coriolis meters
GE Sensing and Inspection Technologies is to acquire Rheonik, a leading manufacturer of high accuracy Coriolis mass flowmeters used in the oil and gas, process and power industries...
GE Acquires Sole Ownership of East Asia GE Commercial Finance
GE Commercial Finance today announced that it has entered into a definitive agreement to become the sole shareholder of East Asia GE Commercial Finance (EAGE). In 2001, GE acquired a 50 percent equity interest in EAGE. Under the terms of the new definitive agreement, EAGE, with the support of GE, will repurchase the remaining 50 percent of its outstanding equity interest from Bank of East Asia. Acquiring sole ownership of EAGE is a key step towards executing GE's long-term strategy for the Greater China market...
GE CNC units programmed directly onsite
With Manual Guide i, the current Fanuc GE CNC controllers can be directly programmed onsite in a simple manner - regardless of whether turning, milling or combining machining processes...
Wednesday, January 30, 2008
Recent News: Superalloys, GE Energy in China, Romania, Cameras, GE Real Estate in Germany and Japan, Invenergy, and GE Commercial Finance
GE develops new superalloys to reduce use of rare rhenium
General Electric is about to begin engine testing of new nickel superalloys designed to reduce its use of rhenium, a rare metal that has increased 10-fold in price in recent years as demand has increased....
GE Energy Opens New Facility In Shanghai
The environmental services business of Atlanta-based GE Energy has established a new facility in Shanghai in order to better serve its customers in the area. The facility, which consolidates several operations at other locations, consists of 7,000 square meters of laboratories, office space and production facilities...
Metka, GE JV preferred bidders for Romania plant
Greek construction company Metka and its joint venture partner General Electric made the lowest bid to build a power station in Romania, the Greek company said on Wednesday...
UPDATE 1-Spain's Colonial opens books to GE
Spanish property firm Inmobiliaria Colonial said on Wednesday it had opened its books to GE Real Estate Iberia, a unit of GE, in preparation for a possible takeover bid...
GE announces second-gen cameras
General Electric has announced what will only be its second generation of digital cameras, due in the spring. All of them will feature blink and smile detection, delaying shots for the best expressions. At the top of the compacts will be the E series, led by the E1050 ($249), a 10-megapixel camera able to record 720p video at 30fps. Shooters can output the video to an HD display, and control various functions though a three-inch touchscreen. Its lens is capable of 5x optical zoom, and its light sensitivity extends to ISO 3200. An optional GPS receiver can geotag images...
GE Expands in Germany and Japan
Expanding its holdings on both sides of the globe, GE Real Estate has inked major deals in Europe and Asia. In a $98-million transaction, GE Real Estate Germany has acquired a portfolio of seven mixed-used assets from a private individual. And GE Real Estate in Japan has launched a new business to develop “Ecomagination” condos, in a partnership with Meiho Enterprise Co...
GE Energy announces $1B-plus agreement with Invenergy
...Under the deal, GE Energy, based in Atlanta, will deliver 400 of its 1.5 megawatt wind turbines to Chicago-based Invenergy for projects in North America, and 200 megawatts, or 80 turbines, for projects in Europe...
GE’s second round brings nine new cameras
Now that General Imaging has a year under its belt the company is more than doubling the lineup of digital cameras offering nine new models this year at PMA 2008. This brings the total count to 15 giving more options in features and pricing with the familiar GE branding...
Dayton Superior Extends Commitment From GE Commercial Finance For Debt Refinancing To February 29, 2008
Dayton Superior Corp. announced that it has extended its commitment from GE Commercial Finance for debt refinancing of $250 million to February 29, 2008. The company expects to complete refinancing prior to that date. The commitment consists of new $150 million revolving credit facility and a new $100 million term loan...
General Electric is about to begin engine testing of new nickel superalloys designed to reduce its use of rhenium, a rare metal that has increased 10-fold in price in recent years as demand has increased....
GE Energy Opens New Facility In Shanghai
The environmental services business of Atlanta-based GE Energy has established a new facility in Shanghai in order to better serve its customers in the area. The facility, which consolidates several operations at other locations, consists of 7,000 square meters of laboratories, office space and production facilities...
Metka, GE JV preferred bidders for Romania plant
Greek construction company Metka and its joint venture partner General Electric made the lowest bid to build a power station in Romania, the Greek company said on Wednesday...
UPDATE 1-Spain's Colonial opens books to GE
Spanish property firm Inmobiliaria Colonial said on Wednesday it had opened its books to GE Real Estate Iberia, a unit of GE, in preparation for a possible takeover bid...
GE announces second-gen cameras
General Electric has announced what will only be its second generation of digital cameras, due in the spring. All of them will feature blink and smile detection, delaying shots for the best expressions. At the top of the compacts will be the E series, led by the E1050 ($249), a 10-megapixel camera able to record 720p video at 30fps. Shooters can output the video to an HD display, and control various functions though a three-inch touchscreen. Its lens is capable of 5x optical zoom, and its light sensitivity extends to ISO 3200. An optional GPS receiver can geotag images...
GE Expands in Germany and Japan
Expanding its holdings on both sides of the globe, GE Real Estate has inked major deals in Europe and Asia. In a $98-million transaction, GE Real Estate Germany has acquired a portfolio of seven mixed-used assets from a private individual. And GE Real Estate in Japan has launched a new business to develop “Ecomagination” condos, in a partnership with Meiho Enterprise Co...
GE Energy announces $1B-plus agreement with Invenergy
...Under the deal, GE Energy, based in Atlanta, will deliver 400 of its 1.5 megawatt wind turbines to Chicago-based Invenergy for projects in North America, and 200 megawatts, or 80 turbines, for projects in Europe...
GE’s second round brings nine new cameras
Now that General Imaging has a year under its belt the company is more than doubling the lineup of digital cameras offering nine new models this year at PMA 2008. This brings the total count to 15 giving more options in features and pricing with the familiar GE branding...
Dayton Superior Extends Commitment From GE Commercial Finance For Debt Refinancing To February 29, 2008
Dayton Superior Corp. announced that it has extended its commitment from GE Commercial Finance for debt refinancing of $250 million to February 29, 2008. The company expects to complete refinancing prior to that date. The commitment consists of new $150 million revolving credit facility and a new $100 million term loan...
Thursday, January 17, 2008
Recent News: Solar Cells, GE Healthcare X-Ray, GE Aviation (Boeing 787 & Maintenance), Earnings Preview, and GE Healthcare
GE Global Research Demonstrates Scalable Low Cost, Nano-based Solar Cell
GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), announced that scientists on their Nano Photovoltaics (PV) team have demonstrated a scalable silicon nanowire-based solar cell, which has the potential to achieve up to 18% efficiency and be produced at a dramatically lower cost than conventional solar cells. This demonstration represents a promising development in the effort to make PV systems more economically viable for consumers...
GE Healthcare launches upgradable X-ray system Tejas XR 6000 in India
GE Healthcare, a unit of General Electric Co, said it has launched its upgradable X-ray system, Tejas XR 6000, in India and that it expects to roll out several variants of the system during 2008...
Boeing 787 delays could ground GE Aviation's engine
That's bad news for GE Aviation, which developed its GEnx engine specifically for Boeing's 787 and 747-8. The engine is in the final stages of testing with certification expected in September, and the company has more than 800 orders, worth billions of dollars, from airlines worldwide...
Earnings Preview: General Electric
Industrial, finance and media conglomerate General Electric Co. is scheduled to report its fourth-quarter results Friday. The following is a summary of key developments and analyst commentary for the period ended Dec. 31...
GE financing $115 million steel company acquisition
On January 16, GE Commercial Finance Corporate Lending announced it provided a $115 million asset-based credit facility to support the acquisition of Winner Steel, Inc., by a joint venture between...
Spring Airlines signs deal for CFM engines, GE maintenance
The airline also signed a 15-year agreement with GE Aviation for the maintenance and overhaul of the CFM56-5B engines that power the airline's fleet of A320s. The deal covers its 10 purchased planes, as well as 20 leased aircraft and is valued at more than $200 million over the life of the contract...
Genetic Tech licence agreement with GE Healthcare
GE Healthcare is a unit of General Electric Company employing more than 46,000 people which, in 2006, generated total revenues of $US17bn from serving healthcare professionals and their patients in more than 100 countries...
GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), announced that scientists on their Nano Photovoltaics (PV) team have demonstrated a scalable silicon nanowire-based solar cell, which has the potential to achieve up to 18% efficiency and be produced at a dramatically lower cost than conventional solar cells. This demonstration represents a promising development in the effort to make PV systems more economically viable for consumers...
GE Healthcare launches upgradable X-ray system Tejas XR 6000 in India
GE Healthcare, a unit of General Electric Co, said it has launched its upgradable X-ray system, Tejas XR 6000, in India and that it expects to roll out several variants of the system during 2008...
Boeing 787 delays could ground GE Aviation's engine
That's bad news for GE Aviation, which developed its GEnx engine specifically for Boeing's 787 and 747-8. The engine is in the final stages of testing with certification expected in September, and the company has more than 800 orders, worth billions of dollars, from airlines worldwide...
Earnings Preview: General Electric
Industrial, finance and media conglomerate General Electric Co. is scheduled to report its fourth-quarter results Friday. The following is a summary of key developments and analyst commentary for the period ended Dec. 31...
GE financing $115 million steel company acquisition
On January 16, GE Commercial Finance Corporate Lending announced it provided a $115 million asset-based credit facility to support the acquisition of Winner Steel, Inc., by a joint venture between...
Spring Airlines signs deal for CFM engines, GE maintenance
The airline also signed a 15-year agreement with GE Aviation for the maintenance and overhaul of the CFM56-5B engines that power the airline's fleet of A320s. The deal covers its 10 purchased planes, as well as 20 leased aircraft and is valued at more than $200 million over the life of the contract...
Genetic Tech licence agreement with GE Healthcare
GE Healthcare is a unit of General Electric Company employing more than 46,000 people which, in 2006, generated total revenues of $US17bn from serving healthcare professionals and their patients in more than 100 countries...
Monday, December 31, 2007
Recent Press Releases: New Officers, GE Money, GE Corporate Lending, GE Capital, NBC Universal, and GE Commercial Finance
GE Appoints Six Company Officers
GE today announces the appointment of six new company officers. GE currently has 189 GE officers globally...
GE Money, Yes! Solar SolutionsTM Create New Financing Program for Solar Energy Solution
GE Money and Yes! Solar SolutionsTM, a retail outlet for solar-powered modules and panels, today announced a new multi-year relationship to provide revolving and installment consumer loans on solar products...
GE Corporate Lending Provides $325 Million to Sportsman’s Warehouse
GE Commercial Finance Corporate Lending today announced it provided a $325 million asset-based credit facility to Sportsman’s Warehouse, an outdoor sporting goods retailer...
GE Capital to Acquire Most of Merrill Lynch Capital
GE Capital has agreed to purchase most of Chicago-based Merrill Lynch Capital, Merrill Lynch and Co., Inc.’s (NYSE: MER) wholly-owned middle-market commercial finance business...
GE Healthcare Announces Expansion of Nuclear Cardiology Portfolio for Medical Diagnostics Business
GE Healthcare, the worldwide leader in Diagnostic Imaging Technologies, announced today that it has entered into an agreement with DRAXIMAGE, a division of DRAXIS Health...
GE Contributes $200,000 to Charities from NBC Universal’s "Clash of the Choirs" - Local Oklahoma charity to receive $50,000
GE announced today that it would donate a total of $200,000 to four charities during the two-hour season finale of NBCU’s live competition show, “Clash of the Choirs.”
GE Contributes $200,000 to Charities from NBC Universal’s "Clash of the Choirs" - Local Houston charity to receive $50,000
GE announced today that it would donate a total of $200,000 to four charities during the two-hour season finale of NBCU’s live competition show, “Clash of the Choirs.”
GE Contributes $200,000 to Charities from NBC Universal’s "Clash of the Choirs" - Local Philadelphia charity to receive $50,000
GE announced today that it would donate a total of $200,000 to four charities during the two-hour season finale of NBCU’s live competition show, “Clash of the Choirs.”
GE Contributes $200,000 to Charities from NBC Universal’s "Clash of the Choirs" - Local New Haven charity to receive $50,000
GE announced today that it would donate a total of $200,000 to four charities during the two-hour season finale of NBCU’s live competition show, “Clash of the Choirs.”
GE Commercial Finance and Allied Capital Launch $3.6 Billion Unitranche Fund LLC
GE Commercial Finance and Allied Capital (NYSE: ALD) announced today that they have partnered to form a $3.6 billion senior secured unitranche loan fund...
GE today announces the appointment of six new company officers. GE currently has 189 GE officers globally...
GE Money, Yes! Solar SolutionsTM Create New Financing Program for Solar Energy Solution
GE Money and Yes! Solar SolutionsTM, a retail outlet for solar-powered modules and panels, today announced a new multi-year relationship to provide revolving and installment consumer loans on solar products...
GE Corporate Lending Provides $325 Million to Sportsman’s Warehouse
GE Commercial Finance Corporate Lending today announced it provided a $325 million asset-based credit facility to Sportsman’s Warehouse, an outdoor sporting goods retailer...
GE Capital to Acquire Most of Merrill Lynch Capital
GE Capital has agreed to purchase most of Chicago-based Merrill Lynch Capital, Merrill Lynch and Co., Inc.’s (NYSE: MER) wholly-owned middle-market commercial finance business...
GE Healthcare Announces Expansion of Nuclear Cardiology Portfolio for Medical Diagnostics Business
GE Healthcare, the worldwide leader in Diagnostic Imaging Technologies, announced today that it has entered into an agreement with DRAXIMAGE, a division of DRAXIS Health...
GE Contributes $200,000 to Charities from NBC Universal’s "Clash of the Choirs" - Local Oklahoma charity to receive $50,000
GE announced today that it would donate a total of $200,000 to four charities during the two-hour season finale of NBCU’s live competition show, “Clash of the Choirs.”
GE Contributes $200,000 to Charities from NBC Universal’s "Clash of the Choirs" - Local Houston charity to receive $50,000
GE announced today that it would donate a total of $200,000 to four charities during the two-hour season finale of NBCU’s live competition show, “Clash of the Choirs.”
GE Contributes $200,000 to Charities from NBC Universal’s "Clash of the Choirs" - Local Philadelphia charity to receive $50,000
GE announced today that it would donate a total of $200,000 to four charities during the two-hour season finale of NBCU’s live competition show, “Clash of the Choirs.”
GE Contributes $200,000 to Charities from NBC Universal’s "Clash of the Choirs" - Local New Haven charity to receive $50,000
GE announced today that it would donate a total of $200,000 to four charities during the two-hour season finale of NBCU’s live competition show, “Clash of the Choirs.”
GE Commercial Finance and Allied Capital Launch $3.6 Billion Unitranche Fund LLC
GE Commercial Finance and Allied Capital (NYSE: ALD) announced today that they have partnered to form a $3.6 billion senior secured unitranche loan fund...
