TORINO, Italy--(BUSINESS WIRE)--Jan. 13, 2006--GE, a Worldwide Partner of the Olympic Games, and the City of Torino today unveiled an Olympic-themed monument dedicated to the residents and visitors of the city for the Torino 2006 Olympic Winter Games. Torino Mayor Sergio Chiamparino and President of GE Italy Giuseppe Recchi attended the event at the GE Ice Plaza in Piazza Solferino, in the heart of Torino's historic city center, where the structure will remain through the Games. The monument is a gift from GE's 300,000 worldwide employees to the city.
TAMPA, Fla.--(BUSINESS WIRE)--Jan. 13, 2006--GE Healthcare, a division of General Electric Company (NYSE:GE), announced today the preview and the public announcement of the Capital Campaign of Pepin Heart Hospital & Dr. Kiran C. Patel Research Institute in Tampa, Fla., the next generation all-digital, state-of-the-art facility developed around GE's cardiovascular and integrated information technologies (IT).
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DALLAS--(BUSINESS WIRE)--Jan. 13, 2006--Capital Senior Living Corporation (NYSE:CSU) and GE Healthcare Financial Services today announced the formation of a joint venture to acquire five senior housing communities from a third party. The new venture will be funded by Capital Senior Living and GE Healthcare Financial Services, demonstrating both companies' significant commitment to long-term care real estate. Under the venture agreement, Capital Senior Living will earn management fees and may receive additional incentive distributions.
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FLORENCE, Italy--(BUSINESS WIRE)--Jan. 12, 2006--GE's Oil & Gas business has been selected as an equipment supplier for the expansion of China's landmark West-East Gas Pipeline Project, one of the country's most critical infrastructure projects of the 21st century. Under a contract of more than US$196 million, GE will provide gas turbines, compressors and installation services for 12 new compression stations.
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ATLANTA--(BUSINESS WIRE)--Jan. 12, 2006--GE Energy (NYSE: GE) today announced that it has signed a purchase agreement to acquire Altair Filter Technology Group Limited, a leading provider of inlet filtration solutions for the power generation, oil and gas and marine industries. Gresham Private Equity, a regionally based UK mid-market private equity firm, is a majority stakeholder in the business. The transaction, subject to customary closing conditions, is expected to close at the beginning of February.
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FLORENCE, ITALY - January 12, 2006 : -- GE's Oil & Gas business has been selected as an equipment supplier for the expansion of China's landmark West-East Gas Pipeline Project, one of the country's most critical infrastructure projects of the 21st century. GE will provide gas turbines, compressors and installation services for 12 new compression stations.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Jan. 12, 2006--Insurance is a critical foundation of the economy. That fact was underscored when Congress and President Bush approved a two-year extension of the Terrorism Risk Insurance Act (TRIA).
Now that the U.S. re/insurance industry has secured a renewed guarantee of support from the federal government in providing coverage against future acts of terrorism, what lies ahead?
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January 12, 2006, Moscow -- ZAO DeltaBank (a wholly owned subsidiary of GE Consumer Finance, a unit of General Electric Company) announced the opening of mobile kiosks at as many as six Moscow supermarkets of the Ramstore chain, one of the leaders of the Moscow retail trade market. The coming of DeltaBank to Ramstore has become a result of the bilateral agreement between the bank and Ramenka managing company that had been negotiated during 2005.
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NORWALK, Conn.--(BUSINESS WIRE)--Jan. 10, 2006--GE Commercial Finance - Retail Finance today announced that it has provided $57 million in senior secured financing as Administrative Agent for The Rowe Companies (AMEX:ROW). The facility consisted of a $50 million revolving facility and a $7 million tranche B loan. The proceeds will be used to refinance existing secured debt and finance ongoing working capital.