Chennai - July 21, 2006 - Madras School of Economics (MSE) has partnered with GE Money USA to set up 'The GE Money-MSE Decision Sciences and Financial Research Lab' (GMDSFL). The Lab is designed to support and promote quantitative research in decision sciences to test and implement fresh ideas for GE's consumer finance businesses globally. This high-end Lab will be funded by GE Money, USA and staffed by world-class Ph.D.-level research faculty and graduate students of MSE.
FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--Aviation Capital Group (ACG) today announced that it has ordered 14 CFM56-7B-powered Boeing Next-Generation 737-800s. The engine order is valued at approximately $170 million at list price. ACG is a wholly owned subsidiary of Pacific LifeCorp.
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FARNBOROUGH, England--(BUSINESS WIRE)--July 19, 2006--General Electric Company (GE) and Samsung Techwin, Co. LTD (STW) have signed a contract to develop the T700 turboshaft engine for the Korean Helicopter Program (KHP).
The Republic of Korea (ROK) selected the GE T700/701K to power 245 new indigenous helicopters.
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FARNBOROUGH, England--(BUSINESS WIRE)--July 19, 2006--TAP Portugal has selected General Electric Company's CF6 engines to power five Airbus A330-200 aircraft in an engine deal valued at approximately $150 million (US).
In addition, TAP has signed with GE for a nine-year OnPoint(SM) Solutions service agreement for the maintenance, overhaul, and repair of the 11 CF6-80E1 engines powering this A330 fleet. The potential value over the life of the services agreement is valued at approximately $45 million (US).
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With Alextra(TM), Allen Extruders Launches a New Composite Technology to Meet the Demands of Extreme Environments; GE Plastics\' Lexan(1) SLX Resin Provides Stunning Aesthetics and PerformancePITTSFIELD, Mass.--(BUSINESS WIRE)--July 20, 2006--Allen Extruders, one of the largest U.S. producers of custom thermoplastic sheet, today launches Alextra(TM), a revolutionary new line of thermoplastic sheet products that meets the demanding performance requirements of extreme environments.
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ST. PAUL, Minn.--(BUSINESS WIRE)--July 18, 2006--
Consumer Finance Unit Supports GE Manufacturing Unit
GE Money's Retail Sales Finance unit today announced a multi-year agreement to provide revolving consumer credit to retailers who sell water treatment products manufactured by GE Water & Process Technologies. The financing will be offered through GE Money's industry-wide AquaVantage program.
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ALBUQUERQUE, N.M.--(BUSINESS WIRE)--July 18, 2006--GE Fanuc Embedded Systems:
-- 1.4 GHz low voltage Intel Pentium M processor
-- Pin-compatible with V5C single board computer
-- VME-32 compliant
-- Hardware byte-swapping capability
Today, GE Fanuc Embedded Systems, a leading provider of embedded computing technology, announces its new 6U VMEbus V5D Single Board Computer (SBC). The Intel Pentium M processor-based V5D uses the 1.4 GHz Pentium M processor LV 738 for improved performance and lower power requirements compared to the V5C SBC.
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CLEVELAND--(BUSINESS WIRE)--July 18, 2006--
Successful automotive lighting product line adds two new product families
Death rates are three times greater at night than during the day, according to the National Safety Council. For enhanced driving confidence, ultra-bright NIGHTHAWK(TM) automotive headlamps offer greater night driving confidence.
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LONDON--(BUSINESS WIRE)--July 18, 2006--BP and GE today announced their intention to jointly develop and deploy hydrogen power projects that dramatically reduce emissions of the greenhouse gas carbon dioxide from electricity generation. Vivienne Cox, BP's Chief Executive of Gas, Power and Renewables, and David L. Calhoun, Vice Chairman of GE and president and CEO of GE Infrastructure, signed the agreement today in London.