FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 14, 2006--GE (NYSE: GE) today announced that it has signed a definitive agreement to sell GE Advanced Materials (Silicones & Quartz) to Apollo Management, L.P., a private investment firm in a deal valued at approximately $3.8 billion in cash and securities. Upon completion of the transaction, GE will receive a 10% ownership stake in the new company and hold $400 million of notes. The closing of the transaction is subject to customary conditions, including the receipt of regulatory approvals, and is expected to occur before the end of 2006.
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SOUTH POINT, Hawaii & STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 13, 2006--GE Energy Financial Services announced today that it is financing the construction and operation by Tawhiri Power LLC of the southern-most wind farm in the United States. Powered by strong prevailing trade winds, the 21-megawatt Pakini Nui Wind Project is at South Point, one of the world's windiest habitable locations, on the island of Hawaii (the "Big Island").
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ST. PAUL, Minn.--(BUSINESS WIRE)--Sept. 12, 2006--
AquaVantage Card Available at 230 Water Master Dealers
GE Money's Retail Sales Finance unit today announced a multi-year agreement with Water Master, Inc., an international leader in residential, commercial and industrial water treatment and filtration systems, to provide consumer financing program for its 230 dealers nationwide.
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Mark VI-ITCC technology to be used for the first time in India
New Delhi, September 13, 2006 - GE Energy's Optimization and Control business has won an order from GAIL (India) Limited to supply GE's Mark VI control systems featuring Integrated Turbine Compressor Control (ITCC) technology for a retrofit project at GAIL's liquefied petroleum gas processing plant in Vijaypur in Madhya Pradesh. This is the first-ever installation of this technology in India.
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NORWALK, Conn. & HONG KONG--(BUSINESS WIRE)--Sept. 12, 2006--GE Commercial Finance - Global Media & Communications today announced that it has committed $20 million to Xinhua Finance Limited (XFL) as part of a broader $70 million facility to be used by the company for acquisitions and debt refinancing. XFL is a leading provider of China's indices, ratings, financial news, investor relation services, financial information and media services.
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NORWALK, Conn. & HONG KONG--(BUSINESS WIRE)--Sept. 12, 2006--GE Commercial Finance - Global Media & Communications today announced that it has committed $20 million to Xinhua Finance Limited (XFL) as part of a broader $70 million facility to be used by the company for acquisitions and debt refinancing. XFL is a leading provider of China's indices, ratings, financial news, investor relation services, financial information and media services.
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Calgary, AB -- September 12, 2006: The Faculty of Fine Arts at the University of Calgary will open its new, state-of-the-art multimedia laboratory today thanks to a $100,000 gift from NBC Universal Canada. Located in the Art Building, sixth floor, the new NBC Universal Canada Multimedia Lab will enhance the Faculty's creative approach to art that integrates traditional art forms with new multimedia techniques and technologies. The unveiling will take place at the new Lab at 10:30am MDT.