Switch Monitor Developed to Prevent Rail Accidents; Prototype to Enter Test Phase
LOUISVILLE, Ky. (May 15, 2006) -- General Electric will showcase breakthrough technology designed to help reduce train accidents. GE's Switch Guard™ will be on display May 24 -- 25 at the Railway Systems Suppliers, Inc. show in Louisville, Kentucky, at the Kentucky International Convention Center.
NORWALK, Conn.--(BUSINESS WIRE)--May 15, 2006--GE Commercial Finance today announced that it has expanded its Restructuring Finance team with the hire of Brent Hazzard as Managing Director.
In his new role, Hazzard will originate DIP, POR and out-of-court financing opportunities with turnaround and restructuring advisors located throughout the Northeast. Hazzard joins from GE - Bank Loans, where he served as a Senior Vice President on the distressed debt team.
Infrastructure, healthcare, and real estate investments planned. GE sets goal: US$8 billion in revenues and US$8 billion in assets in India by 2010.
Mumbai, May 30, 2006 -- General Electric Company Chairman and CEO Jeff Immelt today announced a US$250 million investment in infrastructure and healthcare projects in India and said that GE intends to dramatically expand its industrial and financial presence in the country.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 11, 2006--A $50 million sale-leaseback for 34 Burger King locations is the largest of the year for GE Capital Solutions, Franchise Finance. The funding allows Simmonds Restaurant Management, a Nebraska-based company, to simplify their loan structure and re-capitalize the business to prepare for future growth.
Technology On Board Locomotives Can Achieve Up To 10% Greater Fuel Efficiency
ERIE, Pa. (May 11, 2006) -- In the face of rising fuel costs, engineers of the General Electric Corporation (NYSE: GE) are introducing technologies that help rail customers around the world dramatically improve locomotive fuel efficiency, while also reducing the amount of emissions, including NOx, CO2 and Particulate Matter.
WASHINGTON--(BUSINESS WIRE)--May 10, 2006--GE Healthcare, a unit of General Electric Company (NYSE:GE), today announced that it has received U.S. Food and Drug Administration (FDA) clearance for the Voluson i, the world's first and only 4D compact ultrasound system designed specifically for women's healthcare, including obstetric, gynecological, and other clinical applications. This new compact system allows clinicians to make real-time diagnoses, particularly for high-risk patients, by providing high-quality 4D imaging to wherever the patient is located.
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NEW YORK--(BUSINESS WIRE)--May 9, 2006--GE and Dow Jones & Company today announced the winner of ECOnomics: The Environmental Business Plan Challenge that provides a $50,000 award for the business plan that best combines environmental innovation and profitability.
Robert R. Wright of Marble Hill, Ga. earned the Environmental Business Plan Challenge Award for HASE technology that he believes will help solve the most universal human need: potable water.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 9, 2006--Capitalizing on a long-standing relationship, GE Capital Solutions, Franchise Finance funded a two-tiered deal worth $10.6 million for Restaurant Concepts, Inc. The deal leverages the equity of 11 existing Arby's units and allows Restaurant Concepts to expand its business to include Famous Dave's locations in Arizona and Nevada.
