Auckland: GE Capital's New Zealand Equipment Finance business has acquired over NZ$100 million of commercial loan assets from Face Finance Limited, a subsidiary of South Canterbury Finance.
The deal consolidates GE Capital's position as a specialist financial service provider and complements its equipment finance offering in the New Zealand market.
GE announced strong first-quarter 2011 operating earnings of $3.6 billion, up 58%, or $0.33 per share, up 65%, from the first quarter of 2010.
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GE announced strong fourth-quarter 2010 earnings from continuing operations (attributable to GE) of $3.9 billion, or $0.36 per share, up 33% from the fourth quarter of 2009.
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Melbourne: GE Money has announced that following the latest increase in the Reserve Bank of Australia official cash rate of 25 basis points it will increase home loan variable interest rates by 25 basis points for mortgages previously sold through third party mortgage managers, brokers and other introducers and AMS (previously Wizard) in Australia.
The rate change is effective Wednesday, 17 November 2010.
About GE Money
40 entries from Australia demonstrate creative approach to addressing climate change
Sydney, Australia, 16 November 2010 - GE Australia today highlighted innovative local entries to its ecomagination challenge, with the winner to be announced by the end of November. The challenge attracted more than 40 entries from Australia highlighting a strong level of local innovation and progressive thinking about carbon reduction technologies.
Third Quarter Earnings
GE announced third-quarter 2010 earnings from continuing operations (attributable to GE) of $3.2 billion, with EPS of $0.29 per share up 32% from the third quarter of 2009.
Please click here to read the rest of the press release, in English.
First Application in the Country for GE's Bacteria-Reducing Membrane Bioreactor Technology
NEW ORLEANS, LA. and ROTORUA, NEW ZEALAND---October 5, 2010---To comply with stricter environmental requirements, Rotorua, New Zealand has selected GE's (NYSE: GE) advanced bacteriaremoving membrane bioreactor (MBR) technology for the upgrade of the city's wastewater treatment plant. This will be the largest MBR plant in New Zealand and also marks the first use of the GE MBR technology in the country.
Australia is 6th highest contributor globally in GE's ecomagination Challenge
Sydney, Australia, 14, September, 2010 - Australian entries for GE's US$200m ecomagination challenge are the highest in Asia Pacific. With three weeks remaining, 30 projects focused on renewable energy and smart grids have been received from Australia -- outpacing China, Japan, South Korea and New Zealand.
Only the US, Canada, the UK, India and Kenya have generated more entries, demonstrating Australia's active community of innovators focused on addressing climate change.
Christchurch: GE New Zealand, has put its support behind victims of the Canterbury earthquake by donating $100,000NZ to Red Cross' Canterbury Earthquake Appeal.
In making the announcement, Aaron Baxter, GE Money New Zealand's Managing Director said: "We, like so many others, have been touched by the Christchurch earthquake that occurred last Saturday (September 4) and hope this donation assists with the rebuilding of the city."
