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.
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.
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NEW YORK & FAIRFIELD, Conn.--(BUSINESS WIRE)--Aug. 28, 2006--mtvU, MTV's 24-hour college network, and GE, today announced a partnership to inspire college students to make a meaningful environmental impact on their campuses and beyond. As part of the mtvU GE ecomagination Challenge, the team proposing the most impactful and innovative project to "green" their campus will receive a $25,000 grant towards the execution of their idea.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 28, 2006--GE Commercial Finance - Corporate Lending today announced that it has served as lead lender in a $30-million credit facility for MarketFare Foods, Inc., a leading manufacturer of quality branded, proprietary and co-pack sandwiches, wraps, burritos, sauces and specialty foods. Proceeds will be used for refinancing current debt, working capital management and general corporate purposes. GE Capital Markets served as lead arranger in this transaction.
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TREVOSE, Penn. (August 28, 2006) ---GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE), will showcase ZENON Membrane Solutions' Z-MODTM Packaged Plants for Membrane Bioreactor (MBR) systems and tertiary ultrafiltration at booth # 3131 at WEFTEC 2006 at the Dallas Convention Center in Dallas, Texas, October 21-25, 2006. The recent introduction of the new 1 MGD Z-MOD--X packaged MBR plant gives GE the industry's largest offering of pre-engineered immersed membrane systems for wastewater treatment.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 28, 2006--GE Commercial Finance - Corporate Lending today announced that it has served as lead lender in a $30-million credit facility for MarketFare Foods, Inc., a leading manufacturer of quality branded, proprietary and co-pack sandwiches, wraps, burritos, sauces and specialty foods. Proceeds will be used for refinancing current debt, working capital management and general corporate purposes. GE Capital Markets served as lead arranger in this transaction.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Aug. 23, 2006--General Electric Company Chairman and CEO Jeffrey R. Immelt today announced the appointments of John G. Rice to lead GE's Infrastructure business and Lloyd G. Trotter to head GE's Industrial business. Trotter also has been named a GE vice chairman.
"These are two strong and experienced GE leaders with excellent operating edge and proven ability to grow global businesses," Immelt said. "We are fortunate to have a deep pool of outstanding executives like John and Lloyd to help lead our Company."