CHICAGO--(BUSINESS WIRE)--Feb. 6, 2006--GE Healthcare Financial Services led a $65 million senior credit facility for Accuro Healthcare Solutions Inc., a Dallas-based company that provides comprehensive solutions to optimize revenue and improve financial and operational efficiencies for healthcare providers.
STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 6, 2006--GE Consumer Finance, the global consumer lending unit of General Electric Company, announced today the appointment of William H. Cary to president and CEO, GE Consumer Finance-Europe, effective March 1, 2006. He succeeds Dan O'Connor, who steps down after having lead Consumer Finance's largest and most profitable region since 1999. Cary will report directly to David R. Nissen, president and CEO of GE Consumer Finance.
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NORWALK, Conn.--(BUSINESS WIRE)--Feb. 6, 2006--GE Commercial Finance - Technology Lending, a unit of GE Commercial Finance - Global Media & Communications, today announced that it has made a Series C preferred investment in Lithium-ion battery developer A123Systems. The investment is part of a $30 million Series C equity financing for A123, with other investors including North Bridge Venture Partners and Sequoia Capital. The transaction closed on January 27, 2006.
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NORWALK, Conn.--(BUSINESS WIRE)--Feb. 6, 2006--GE Commercial Finance - Global Sponsor Finance announced today that it will serve as Lead Arranger for a $138 million senior debt facility for Waddington North America, Inc. ("WNA"), a leading designer, manufacturer and marketer of high quality, plastic disposable tableware, and a portfolio company owned by Code, Hennessy & Simmons LLC ("CHS"). The facility closed on December 30, 2005.
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ATLANTA--(BUSINESS WIRE)--Feb. 2, 2006--GE Energy today announced it has completed its acquisition of Altair Filter Technology Group Limited, a leading global provider of inlet filtration solutions for the power generation, oil and gas and marine industries.
In addition to its headquarters in Alton, United Kingdom, Altair also has operations in Louisville, Kentucky and maintains a global sales force. The company's technology has been installed in more than 2,000 units worldwide.
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SHANGHAI, China--(BUSINESS WIRE)--Feb. 1, 2006--The newest, largest round roof of its kind in the world - that of the massive new Shanghai South Railway Station - is being constructed of clear, tough Lexan(1) polycarbonate (PC) sheet from GE. Not only does this ambitious construction project represent one of the largest single orders of Lexan sheet ever received by GE's Plastics business to date, but more importantly underscores GE's commitment to help revitalize the Chinese infrastructure with some of the world's most advanced materials technologies.
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FLORENCE, ITALY - February 1, 2006 : -- More than 700 industry representatives from around the world joined global opinion leaders in Florence for the GE Oil & Gas annual meeting, which was branded "Advanced Technologies to Meet Global Energy Challenges."
GE Oil & Gas, a leading manufacturer of capital equipment for the global oil and gas industry, used this meeting to showcase state-of-the-art advanced technologies, as well as to bring together industry leaders to discuss the latest developments and challenges in this ever-changing market.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Feb. 1, 2006--The recent move by Congress to extend the Terrorism Risk Insurance Act (TRIA) did not provide the industry with the long-term solution it needs. That's the assessment of experts participating in a recent webinar sponsored by the Insurance Leadership Institute of GE Insurance Solutions.
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Abu Dhabi, UAE, 30 January, 2006: GE Energy will be showcasing its new evolution compressor for frame B/E gas turbines at this year's Power-Gen Middle East taking place in Abu Dhabi. GE recently signed a contract to install its first evolution compressor at Midway Sunset Cogeneration Company's (MSCC) power plant near Taft, California.