State-of-the-art Fitness Center to Provide Employees and Spouses with Space to Get/Stay Fit
LAWRENCE PARK, Pa. (June 13, 2006) -- General Electric today announced the completion of a new, 8,000 square foot Health & Wellness Center for use by GE employees, spouses and retirees. The new center, located at the heart of GE Transportation's plant, is in a 94-year-old building that was renovated into a state-of-the-art facility over the past 6 months.
ST. PAUL, Minn.--(BUSINESS WIRE)--June 12, 2006--GE Consumer Finance's Retail Sales Finance unit today announced a new multi-year agreement with Thunder Mountain Custom Cycles to provide revolving and installment consumer financing programs for the Colorado-based company's dealers across the United States.
NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Commercial Finance - Global Media & Communications today announced that JP Marchette has been appointed to the position of senior vice president, Technology Lending origination, based in the Boston office located at One Beacon Street. He will be focused on expanding Technology Lending's presence in Boston and the East Coast regional market.
NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Antares Capital today announced it is the sole lead lender on a C$25-million senior credit facility to provide Wellspring Capital Management with working capital to support the growth of its portfolio company, Neucel Specialty Cellulose Ltd. The asset-based financing is a revolving credit facility.
FAIRFIELD, Conn.--(BUSINESS WIRE)--June 12, 2006--General Electric Company (GE) announced today it has completed the sale of its Insurance Solutions business, including Employers Reinsurance Corporation (ERC), to Swiss Re for $7.8 billion in cash and securities plus the assumption of $1.7 billion in GE Insurance Solutions Corporation debt.
GE received $5.4 billion in cash and 33.3 million shares of Swiss Re common stock. As a result of the transaction, GE will own a 9% percent stake in Swiss Re.
NORWALK, Conn.--(BUSINESS WIRE)--June 12, 2006--GE Commercial Finance - Global Media & Communications today announced that JP Marchette has been appointed to the position of senior vice president, Technology Lending origination, based in the Boston office located at One Beacon Street. He will be focused on expanding Technology Lending's presence in Boston and the East Coast regional market.
management. The firm takes controlling positions in promising middle-market companies where it can realize substantial value by contributing innovative operating and financing strategies and capital. Wellspring's limited partners include some of the largest and most respected institutional investors in the United States, Canada, and Europe.
About GE Antares Capital
FAIRFIELD, Conn.--(BUSINESS WIRE)--June 9, 2006--The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.25 per outstanding share of the Company's common stock. The dividend is payable July 25, 2006 to shareowners of record at the close of business on June 26, 2006. The ex-dividend date is June 22, 2006.
--(BUSINESS WIRE)--The clinical trial, sponsored by GE Healthcare, will test a new imaging agent for cancer detection on more than two-dozen breast cancer patients. This research will track the process of angiogenesis, which is the growth of new blood vessels in the body. This experimental contrast agent could help doctors monitor new vessel production, and identify a tumor's exact dimensions. If the trial is successful, researchers say the results could be "groundbreaking" for cancer patients.
