NORWALK, Conn.--(BUSINESS WIRE)--May 1, 2006--GE Commercial Finance - Corporate Lending today announced that it is the sole lender of an $80-million senior credit facility to refinance debt for Winner Steel, Inc., a prime galvanized steel coil supplier located in Sharon, Pennsylvania.
This financing is part of a total credit facility of $130 million, which also includes a $50-million term loan.
New feature lowers monthly payments, assists in managing cash flow.
Mississauga, Ontario - April 28, 2006 GE Money, the Canadian consumer-lending unit of General Electric Company (NYSE: GE), today launched a 40-year amortization option to its mortgages - the first lender to do so in Canada. This option is designed to help combat rising home prices and enable individuals to enter the housing market, while helping to manage cash flow.
Currently, GE Money mortgages are offered via brokers in Ontario, Alberta and British Columbia.
KANSAS CITY, Mo.--(BUSINESS WIRE)--April 27, 2006--This is a lunch hour they'll never forget. On Monday, May 1, students from three Kansas City schools will step off the bus and into a world of potential and possibilities.
Mattie Rhodes Center, with support from GE, is sponsoring Kansas City's "Dia de los Ninos" by throwing a "working" lunch for selected students of Northeast Middle School, Westport High School and Cristo Rey High School. This is the first year the event has focused on teenaged children; previous events have focused on younger children.
SHANGHAI, China--(BUSINESS WIRE)--April 27, 2006--The largest round roof of its kind in the world - that of the massive new Shanghai South Railway Station - was constructed of clear, tough Lexan(1) polycarbonate (PC) sheet from GE. This ambitious construction project represents one of the largest single orders of Lexan sheet ever received by GE's Plastics business. The success of the South Railway Station roof led to the selection of another type of Lexan sheet - Lexan Thermoclear(1) multiwall sheet - to glaze the 8,700-square-meter roof of the station's boarding platform.
STAMFORD, Conn. & BERKELEY, Calif. & LISBON, Portugal--(BUSINESS WIRE)--April 27, 2006--GE Energy Financial Services, PowerLight Corporation and Catavento Lda announced today that they will build the world's largest solar photovoltaic power project. The 11-megawatt solar power plant, comprising 52,000 photovoltaic modules, will be built at a single site in Serpa, Portugal, 200 kilometers (124 miles) southeast of Lisbon in one of Europe's sunniest areas.
HONOLULU--(BUSINESS WIRE)--April 26, 2006--What keeps risk managers awake at night?
According to Tim Heinze of GE Insurance Solutions, it's the risks they don't know about or fully understand.
Heinze ought to know. His company listens to risk managers and creates customized solutions for them. He noted that a growing number of companies have increased their investment in risk management products but are still challenged to get the most value out of those investments.
PHILADELPHIA--(BUSINESS WIRE)--April 25, 2006--General Electric and Greater Philadelphia Cares today extended their 10-year relationship in a new effort to boost literacy among grade school-aged children in Philadelphia. GE has issued a $250,000 grant to fund the organization's Reading STARS program, a proven, volunteer-driven one-on-one tutoring program offered to boost the core classroom curriculum within the School District of Philadelphia.
