General Electric Consumer Finance Scales Way Back
GE Consumer Finance in Japan offers credit cards, housing loans and insurance services.
Because of the Tokyo's decision to crack down on lenders charging exorbitant rates, 30%….making the max 20% in two years, GE Consumer, a subsidiary of General Electric, will scale down its operations.
Source: Japanlyst
Showing posts with label GE Consumer / Industrial. Show all posts
Showing posts with label GE Consumer / Industrial. Show all posts
Monday, August 2, 2010
Tuesday, May 13, 2008
Recent News: GE Healthcare, GE Energy, NBC, Lawsuit, Layoffs, GE Aviation, and Stock Performance
GE Healthcare Signs Global Molecular Diagnostic Agreement To Advance Respiratory Drug Development
GE Healthcare, a subsidiary of the General Electric Company (NYSE:GE) announced that it has signed a non-exclusive agreement with Merck & Co., Inc. to share technology on imaging of the lungs that may help to advance respiratory treatment development. Under terms of the agreement, Merck will be granted access to Spin Signal TechnologyTM (SST) utilizing hyperpolarized Xenon 129 gas, a molecular imaging agent that is under investigation by GE Healthcare to provide high speed, quantitative imaging of the lung using Magnetic Resonance Imaging (MRI). GE Healthcare originally licensed this technology from Princeton University....
GE Installs Its Newest Steam Turbine Technology for North Dakota Power Plant
GE Energy has applied its latest steam turbine technology to enhance the reliability and overall performance of North Dakota’s largest power plant, Great River Energy’s Coal Creek Station, located 50 miles north of Bismarck...
NBC to Enter All-Local-News Arena In New York
General Electric Co.'s NBC Universal is starting a 24-hour local news network in New York, in what could be the first of several such channels around the country. NBC hopes the network will draw in new viewers and help the company weather a weak local TV advertising market that has depressed revenue at many of its individual stations....
GE Consumer & Industrial to cut 450 salaried positions
GE Consumer & Industrial, the Louisville-based division of General Electric Co., informed employees Tuesday that the company is eliminating about 450 salaried positions, less than1 percent of the unit's nationwide workforce...
Lawsuit against GE will continue
Warren County Judge John Hall has denied General Electric Co.'s request to dismiss a lawsuit filed by 45 Fort Edward property owners whose homes and businesses were contaminated with an underground plume of an industrial chemical used by the company. Residents in the area blame the company for dumping trichloroethylene, or TCE, an industrial solvent GE used at its Broadway manufacturing plant....
GE sees new technology for next-generation CF34 viable in 2015
General Electric believes a new centreline successor to the next-generation CF34 engine for regional jets could be ready in the 2015 timeframe by leveraging technology from CFM International's Leap 56 programme and the GEnx....
GE stock may not be electric, but it should be OK
Q: I've owned General Electric stock for nearly 10 years and have been disappointed with its performance. What is wrong with it?
A: It's easy for investors to beat up on General Electric...
GE Healthcare, a subsidiary of the General Electric Company (NYSE:GE) announced that it has signed a non-exclusive agreement with Merck & Co., Inc. to share technology on imaging of the lungs that may help to advance respiratory treatment development. Under terms of the agreement, Merck will be granted access to Spin Signal TechnologyTM (SST) utilizing hyperpolarized Xenon 129 gas, a molecular imaging agent that is under investigation by GE Healthcare to provide high speed, quantitative imaging of the lung using Magnetic Resonance Imaging (MRI). GE Healthcare originally licensed this technology from Princeton University....
GE Installs Its Newest Steam Turbine Technology for North Dakota Power Plant
GE Energy has applied its latest steam turbine technology to enhance the reliability and overall performance of North Dakota’s largest power plant, Great River Energy’s Coal Creek Station, located 50 miles north of Bismarck...
NBC to Enter All-Local-News Arena In New York
General Electric Co.'s NBC Universal is starting a 24-hour local news network in New York, in what could be the first of several such channels around the country. NBC hopes the network will draw in new viewers and help the company weather a weak local TV advertising market that has depressed revenue at many of its individual stations....
GE Consumer & Industrial to cut 450 salaried positions
GE Consumer & Industrial, the Louisville-based division of General Electric Co., informed employees Tuesday that the company is eliminating about 450 salaried positions, less than1 percent of the unit's nationwide workforce...
Lawsuit against GE will continue
Warren County Judge John Hall has denied General Electric Co.'s request to dismiss a lawsuit filed by 45 Fort Edward property owners whose homes and businesses were contaminated with an underground plume of an industrial chemical used by the company. Residents in the area blame the company for dumping trichloroethylene, or TCE, an industrial solvent GE used at its Broadway manufacturing plant....
GE sees new technology for next-generation CF34 viable in 2015
General Electric believes a new centreline successor to the next-generation CF34 engine for regional jets could be ready in the 2015 timeframe by leveraging technology from CFM International's Leap 56 programme and the GEnx....
GE stock may not be electric, but it should be OK
Q: I've owned General Electric stock for nearly 10 years and have been disappointed with its performance. What is wrong with it?
A: It's easy for investors to beat up on General Electric...
Monday, May 12, 2008
Recent News: GE Rail Services Unit, NBC Super Bowl Ads, Consumer Loans, GE Healthcare & Merck, GE Aviation, GE Japan, and Boeing 737-900
GE seeking buyer for its rail services unit: report
General Electric is seeking a buyer for its rail services unit, in a deal that could be worth about $4 billion, according to people familiar with the company, The Financial Times reported on its Web site Friday. The move to sell the unit is part of GE's attempts to reduce its exposure to low-margin businesses after reporting disappointing first-quarter results last month, according to the newspaper. The unit leases 165,000 railroad cars and 120,000 trailers and containers. GE declined to comment on Friday night, the FT said...
NBC Super Bowl Ads to Cost $3 Million
The Super Bowl has always been a tough ticket, but now NBC is telling advertisers it will cost them $3 million just to get into the game -- for 30 seconds. NBC Universal, a unit of General Electric Co., plans to announce next week that $3 million will be the entry price for a commercial at the 2009 Super Bowl. While individual slots have sold at that level before, it's never been the starting point for negotiations for the dozens of 30-second ads sold for the game. It represents a price increase of more than 10%, roughly double the usual annual rise...
GE to drop consumer loans for boats, motorhomes
General Electric Co said on Monday it would stop offering loans for the purchase of consumer boats and motorhomes, in another blow to the hard-hit recreational products sector.
The second-largest U.S. company by market capitalization told boat and recreational-vehicle dealers that it would cease taking applications by July and cease underwriting new loans on Aug. 1, said Cristy Williams, a spokeswoman for GE Money, the company's consumer finance arm. It will continue to service its $3.6 billion loan portfolio...
GE Healthcare and Merck enter into technology sharing agreement
GE Healthcare, a provider of transformational medical technologies and services and a subsidiary of the General Electric Company (NYSE:GE), announced on Monday (5 May) that the company has entered into a non-exclusive agreement with Merck & Co Inc, a pharmaceutical company, to share technology on imaging of the lungs....
GE officials hope to work with Raspet
Officials with GE Aviation hope to continue the relationship they've developed with Mississippi State University's Raspet Flight Research Lab, an official said Monday...
Acom in Lead to Buy GE Japan Consumer Lender
General Electric will likely pick rival lender Acom as preferred bidder for its Japanese consumer loan business, paving the way for a $2.9 billion deal to create the country's biggest industry player, the Yomiuri paper said, sending Acom's shares to eight-month highs...
Boeing Delivers 737-900ERs To GE Unit For Lease To Futura
Boeing Co. (BA) said it delivered Europe's first two next-generation 737-900ER aircraft to General Electric Co. (GE) unit GE Commercial Aviation Services for lease to Futura International Airways of Spain....
General Electric is seeking a buyer for its rail services unit, in a deal that could be worth about $4 billion, according to people familiar with the company, The Financial Times reported on its Web site Friday. The move to sell the unit is part of GE's attempts to reduce its exposure to low-margin businesses after reporting disappointing first-quarter results last month, according to the newspaper. The unit leases 165,000 railroad cars and 120,000 trailers and containers. GE declined to comment on Friday night, the FT said...
NBC Super Bowl Ads to Cost $3 Million
The Super Bowl has always been a tough ticket, but now NBC is telling advertisers it will cost them $3 million just to get into the game -- for 30 seconds. NBC Universal, a unit of General Electric Co., plans to announce next week that $3 million will be the entry price for a commercial at the 2009 Super Bowl. While individual slots have sold at that level before, it's never been the starting point for negotiations for the dozens of 30-second ads sold for the game. It represents a price increase of more than 10%, roughly double the usual annual rise...
GE to drop consumer loans for boats, motorhomes
General Electric Co said on Monday it would stop offering loans for the purchase of consumer boats and motorhomes, in another blow to the hard-hit recreational products sector.
The second-largest U.S. company by market capitalization told boat and recreational-vehicle dealers that it would cease taking applications by July and cease underwriting new loans on Aug. 1, said Cristy Williams, a spokeswoman for GE Money, the company's consumer finance arm. It will continue to service its $3.6 billion loan portfolio...
GE Healthcare and Merck enter into technology sharing agreement
GE Healthcare, a provider of transformational medical technologies and services and a subsidiary of the General Electric Company (NYSE:GE), announced on Monday (5 May) that the company has entered into a non-exclusive agreement with Merck & Co Inc, a pharmaceutical company, to share technology on imaging of the lungs....
GE officials hope to work with Raspet
Officials with GE Aviation hope to continue the relationship they've developed with Mississippi State University's Raspet Flight Research Lab, an official said Monday...
Acom in Lead to Buy GE Japan Consumer Lender
General Electric will likely pick rival lender Acom as preferred bidder for its Japanese consumer loan business, paving the way for a $2.9 billion deal to create the country's biggest industry player, the Yomiuri paper said, sending Acom's shares to eight-month highs...
Boeing Delivers 737-900ERs To GE Unit For Lease To Futura
Boeing Co. (BA) said it delivered Europe's first two next-generation 737-900ER aircraft to General Electric Co. (GE) unit GE Commercial Aviation Services for lease to Futura International Airways of Spain....
Wednesday, March 12, 2008
Recent News: Unions, Air Force Tanker Deal, GE Consumer & Industrial, GE Security Detection, Electric Cars, Lawsuit, and Jet Engines
GE set to give union notice
General Electric Co. management will put the union representing 275 warehouse employees at Louisville's Appliance Park on notice today that it is pursuing plans to outsource the work performed there unless productivity improves, IUE-CWA Local 761 Vice President Larry Badgett said....
Europe wins tanker deal, but GE still supplying engines
General Electric Company CF6 engines will power the Northrop Grumman KC-45A aircraft, which was selected Friday by the United States Air Force (USAF) for its tanker replacement program...
GE Consumer & Industrial wins Energy Star award
For the third year in a row, GE Consumer & Industrial, a Louisville-based unit of General Electric Co., has received the Energy Star Partner of the Year "Sustained Excellence" award from the U.S. Department of Energy and the U.S. Environmental Protection Agency...
GE Security Detection System Delivered to Abu Dhabi Airport
GE Security, a business of GE Enterprise Solutions, announced its Homeland Protection business has sold and delivered two CTX 9000 DSi advanced technology explosives detection systems to Abu Dhabi International Airport...
A123Systems wins GE funding for electric car partnership
Watertown lithium ion battery maker A123Systems Inc. has cut a new deal with a Norwegian electric car manufacturer that puts its nanophosphate power plants at the heart of a five-seat "crossover" style vehicle...
GE Energy, Invenergy Wind Sign 2nd Supply Pact Worth Over $1 Billion
General Electric Co.'s (GE) energy unit received a wind turbine supply pact from Invenergy Wind LLC worth more than $1 billion...
Firm Sues GE For Alleged Side Effects Of MRI Dye Product
General Electric Co. (GE) is being sued for its potential side effect from its Omniscan product, which allegedly causes a debilitating disease for patients with pre-existing kidney diseases...
US wants changes on some jet engines, GE to fix
U.S. safety investigators urged regulators on Wednesday to require upgrades and design changes to a popular regional jet engine made by a unit of General Electric Co...
GE bets $24M on electric cars
General Electric Co. is investing $24 million in two companies that are developing technology for innovative plug-in electric cars....
General Electric Co. management will put the union representing 275 warehouse employees at Louisville's Appliance Park on notice today that it is pursuing plans to outsource the work performed there unless productivity improves, IUE-CWA Local 761 Vice President Larry Badgett said....
Europe wins tanker deal, but GE still supplying engines
General Electric Company CF6 engines will power the Northrop Grumman KC-45A aircraft, which was selected Friday by the United States Air Force (USAF) for its tanker replacement program...
GE Consumer & Industrial wins Energy Star award
For the third year in a row, GE Consumer & Industrial, a Louisville-based unit of General Electric Co., has received the Energy Star Partner of the Year "Sustained Excellence" award from the U.S. Department of Energy and the U.S. Environmental Protection Agency...
GE Security Detection System Delivered to Abu Dhabi Airport
GE Security, a business of GE Enterprise Solutions, announced its Homeland Protection business has sold and delivered two CTX 9000 DSi advanced technology explosives detection systems to Abu Dhabi International Airport...
A123Systems wins GE funding for electric car partnership
Watertown lithium ion battery maker A123Systems Inc. has cut a new deal with a Norwegian electric car manufacturer that puts its nanophosphate power plants at the heart of a five-seat "crossover" style vehicle...
GE Energy, Invenergy Wind Sign 2nd Supply Pact Worth Over $1 Billion
General Electric Co.'s (GE) energy unit received a wind turbine supply pact from Invenergy Wind LLC worth more than $1 billion...
Firm Sues GE For Alleged Side Effects Of MRI Dye Product
General Electric Co. (GE) is being sued for its potential side effect from its Omniscan product, which allegedly causes a debilitating disease for patients with pre-existing kidney diseases...
US wants changes on some jet engines, GE to fix
U.S. safety investigators urged regulators on Wednesday to require upgrades and design changes to a popular regional jet engine made by a unit of General Electric Co...
GE bets $24M on electric cars
General Electric Co. is investing $24 million in two companies that are developing technology for innovative plug-in electric cars....
Friday, February 29, 2008
Recent News: GE Appliances & LG Electronics, and NBC Universal Lawsuit
LG Electronics, GE in pact to share appliance patents
South Korea's LG Electronic and U.S. manufacturer General Electric Co. have agreed to use each other's patents for refrigerators and cooking appliances without paying licensing fees, the companies said...
GE's NBC Universal Must Defend Predator Show Lawsuit (Update2)
General Electric Co.'s NBC Universal must defend a $100 million lawsuit brought by the sister of a Texas prosecutor who killed himself as a network show was about to film his arrest for soliciting a minor online. The suit in Manhattan federal court followed the 2006 suicide of Assistant District Attorney Louis Conradt, who shot himself in his home in Terrell, Texas, as police were about to arrest him. Waiting outside his house were an NBC Universal crew about to film a segment of ``To Catch a Predator,'' a show that works with local police to catch suspected sex offenders...
South Korea's LG Electronic and U.S. manufacturer General Electric Co. have agreed to use each other's patents for refrigerators and cooking appliances without paying licensing fees, the companies said...
GE's NBC Universal Must Defend Predator Show Lawsuit (Update2)
General Electric Co.'s NBC Universal must defend a $100 million lawsuit brought by the sister of a Texas prosecutor who killed himself as a network show was about to film his arrest for soliciting a minor online. The suit in Manhattan federal court followed the 2006 suicide of Assistant District Attorney Louis Conradt, who shot himself in his home in Terrell, Texas, as police were about to arrest him. Waiting outside his house were an NBC Universal crew about to film a segment of ``To Catch a Predator,'' a show that works with local police to catch suspected sex offenders...
Recent News: GE Energy (China), GE Financial Services, GE Infrastucture, New GE Appliances, and GE Money.
GE Energy to license gasification technology to Guizhou Jinchi
Power generation and energy delivery solutions provider GE Energy's gasification technology has been selected for a coal-to-chemical production facility owned by the Guizhou Jinchi Chemical Company in the Tongzi County of China's Guizhou province...
GFB Acquisition and GE Financial to sell oil and gas interests to Isramco
Oil and gas property operator GFB Acquisition I and GE Financial Services have executed an agreement to sell their varying working interests in certain producing oil and natural gas properties located in Texas, New Mexico and Oklahoma to Isramco for approximately $102 million...
Reuters Summit - GE Infrastructure eyes acquisitions
General Electric Co's infrastructure unit will likely make several acquisitions in the power storage, power management and control systems sectors in 2008, the unit's chief executive said on Monday...
GE Reveals New Laundry Pair, Dishwasher
GE Consumer & Industrial introduced a new front-load laundry pair and steam-cleaning dishwasher under the Profile badge at this month's International Builders' Show....
GE pegs base for two units at $400 mn
GE Money has pegged the base price of its consumer finance and housing mortgage business at around $400 million, according to industry officials. This is because GE has invested $400 million in these businesses and is expecting a premium on this investment. It is understood that bids have already come in though it could not be ascertained if these were binding bids...
Power generation and energy delivery solutions provider GE Energy's gasification technology has been selected for a coal-to-chemical production facility owned by the Guizhou Jinchi Chemical Company in the Tongzi County of China's Guizhou province...
GFB Acquisition and GE Financial to sell oil and gas interests to Isramco
Oil and gas property operator GFB Acquisition I and GE Financial Services have executed an agreement to sell their varying working interests in certain producing oil and natural gas properties located in Texas, New Mexico and Oklahoma to Isramco for approximately $102 million...
Reuters Summit - GE Infrastructure eyes acquisitions
General Electric Co's infrastructure unit will likely make several acquisitions in the power storage, power management and control systems sectors in 2008, the unit's chief executive said on Monday...
GE Reveals New Laundry Pair, Dishwasher
GE Consumer & Industrial introduced a new front-load laundry pair and steam-cleaning dishwasher under the Profile badge at this month's International Builders' Show....
GE pegs base for two units at $400 mn
GE Money has pegged the base price of its consumer finance and housing mortgage business at around $400 million, according to industry officials. This is because GE has invested $400 million in these businesses and is expecting a premium on this investment. It is understood that bids have already come in though it could not be ascertained if these were binding bids...
Friday, February 8, 2008
Recent News: Schenectady, GE Healthcare, and Plant Closing
Rule nearly brings down GE icon
A new rule intended to clean up the city’s streetscapes almost had the unintended consequence of eliminating the historic General Electric sign...
GE Healthcare showcases motion-free imaging for routine clinical applications at Arab Health 2008
Continuing its commitment to advancing the earlier diagnosis of disease, GE Healthcare is addressing the biggest clinical challenge in positron emission tomography/computed tomography (PET/CT) with exclusive technologies for respiratory and cardiac motion management....
GE workers face weeklong shutdown at Appliance Park
GE Consumer and Industrial is feeling the pinch of the nationwide slump in home sales and new housing starts...
A new rule intended to clean up the city’s streetscapes almost had the unintended consequence of eliminating the historic General Electric sign...
GE Healthcare showcases motion-free imaging for routine clinical applications at Arab Health 2008
Continuing its commitment to advancing the earlier diagnosis of disease, GE Healthcare is addressing the biggest clinical challenge in positron emission tomography/computed tomography (PET/CT) with exclusive technologies for respiratory and cardiac motion management....
GE workers face weeklong shutdown at Appliance Park
GE Consumer and Industrial is feeling the pinch of the nationwide slump in home sales and new housing starts...
