BCL Series Completes Rigid Evaluation Process
FLORENCE, ITALY - September 1, 2006 :- After completing a rigid environmental and operational evaluation process, the BCL300 series of centrifugal compressors developed by GE Oil & Gas for sour gas re-injection to enhance petroleum production has received GE ecomagination certification from GreenOrder Inc.*
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CLEVELAND--(BUSINESS WIRE)--Aug. 31, 2006--The General Electric Company (GE) through its Consumer & Industrial business and the Nichia Corporation ("Nichia") announced today a strategic alliance agreement to support GELcore, LLC, based in Cleveland, Ohio. GELcore, formed in 1999, was previously a joint venture between GE and the Emcore Corporation of Somerset, NJ. GE purchased Emcore's 49% interest in the joint venture for $100 million, demonstrating its ongoing commitment to invest in LED technology and the future of lighting.
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CHICAGO--(BUSINESS WIRE)--Aug. 31, 2006--GE Antares Capital today announced its role as administrative agent for a $56.5 million senior credit facility to support Transportation Resource Partners ("TRP") in their acquisition of National Powersport Auctions ("NPA"). GE Capital Markets is serving as sole lead arranger for the credit facility.
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CLEVELAND--(BUSINESS WIRE)--Aug. 31, 2006--The General Electric Company (GE) through its Consumer & Industrial business and the Nichia Corporation ("Nichia") announced today a strategic alliance agreement to support GELcore, LLC, based in Cleveland, Ohio. GELcore, formed in 1999, was previously a joint venture between GE and the Emcore Corporation of Somerset, NJ. GE purchased Emcore's 49% interest in the joint venture for $100 million, demonstrating its ongoing commitment to invest in LED technology and the future of lighting.
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CHICAGO--(BUSINESS WIRE)--Aug. 31, 2006--GE Antares Capital today announced its role as administrative agent for a $56.5 million senior credit facility to support Transportation Resource Partners ("TRP") in their acquisition of National Powersport Auctions ("NPA"). GE Capital Markets is serving as sole lead arranger for the credit facility.
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VANCOUVER, British Columbia & STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 30, 2006--Plutonic Power Corporation (TSX VENTURE: PCC) announced today that it has granted a Canadian affiliate of GE Energy Financial Services (NYSE:GE) the exclusive right to provide CAN$100 million of project equity as well as lead a CAN $400 million debt financing for construction of the East Toba/Montrose Creek run-of-river hydroelectric project located 190 kilometres northwest of Vancouver.
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 30, 2006--A regional Tex-Mex chain recently saved both time and money refinancing their restaurants. GE Capital Solutions, Franchise Finance provided $19.5 million in funding to Tyler, Texas-based Posados Mexican Cafe to consolidate their loans and allow for expansion.
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CHICAGO--(BUSINESS WIRE)--Aug. 29, 2006--GE today announced that Kareen Gray has been named Executive Vice President - Sales and Service for GE Equipment Services, Rail Services. Ms. Gray will be responsible for providing direct leadership of the commercial team as well as the successful execution of the commercial strategy in support of the services business.
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BANGKOK, Thailand--(BUSINESS WIRE)--Aug. 28, 2006--GE Money, the consumer finance unit of the General Electric Company (NYSE:GE), announced today it has reached an agreement to acquire a 25.4% interest (on a fully diluted basis) in the Bank of Ayudhya (BAY) for US$600 million. The transaction is subject to shareholder approvals.