Revenues up 11%, Earnings up 12%.
Revenues up 11%, Earnings up 12%.
Webcast held to discuss results.
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NEW YORK--(BUSINESS WIRE)--Jan. 19, 2006--While the insurance industry grapples with the issue of fair compensation for asbestos victims, a new vulnerability may be lurking around the corner. Robert Blanco, Senior Actuary at GE Insurance Solutions, told an audience here that conditions exist that could expose the workers compensation markets to escalating asbestos claims.
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NEW YORK--(BUSINESS WIRE)--Jan. 18, 2006--When a child enters the hospital or a hurricane destroys a city or a family breadwinner unexpectedly dies, the insurance industry steps in to ensure a financial recovery. It's a tremendous responsibility, and in order to respond insurers must operate on a foundation of strength, stability and integrity.
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January 18th, 2006. Moscow. - DeltaBank (a wholly owned subsidiary of GE Consumer Finance) reports the opening of 56 additional offices for the sale of credit products and services in its distribution network encompassing major Russian cities in September-December, 2005. At the same time, the distribution network grew 30% on 2004 this year. A total of 149 DeltaBank offices are currently open for business across the country.
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LONDON & HANOVER, Germany--(BUSINESS WIRE)--Jan. 17, 2006--GE Energy Financial Services has completed project debt financing for two wind power farms it owns in Saxony-Anhalt, Germany.
Norddeutsche Landesbank (NORD/LB) in Hanover arranged the approximately EUR 60 million in total debt for the 12-megawatt Krusemark wind farm in Sachsen-Anhalt and the 55-megawatt Alsleben farm under construction between Magdeburg and Halle. Norddeutsche Landesbank is the sole lender to the projects.
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JENBACH, Austria--(BUSINESS WIRE)--Jan. 16, 2006--GE Energy's Jenbacher gas engine business has provided five cogeneration units for three new power plants supporting parts of the city of Torino and nearby ski resort villages in Italy. The northern Italian city is hosting the upcoming Olympic Winter Games in February 2006.
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CHICAGO--(BUSINESS WIRE)--Jan. 16, 2006--GE today announces that Eric LaBat has been named Chief Marketing Officer (CMO) for the company's Rail Services unit. Mr. LaBat will be responsible for developing strategic marketing plans and driving growth and innovation breakthroughs for the business. The position - new to Rail Services - reflects the development of a cross-business Equipment Services marketing team that will focus its efforts in 2006 on new growth initiatives, including services, asset intelligence and geographic expansion.