NORWALK, Conn.--(BUSINESS WIRE)--Sept. 15, 2005--GE Commercial Finance Global Media & Communications today announced that it has appointed Jeffrey A. Feinberg senior vice president, origination. He will be responsible for originating capital transactions in the middle-market telecommunications sector, with areas of focus including wireless, wireline, cable and towers. Based in New York City, Mr. Feinberg will report to Peter J. Foley, managing director and head of origination, Global Media & Communications.
September 14, 2005 -- EVENDALE, Ohio - Qatar Airways have signed a Memorandum of Understanding (MoU) with General Electric Company for the GEnx engine to power the airline's new fleet 60 Airbus A350 aircraft.
The GEnx order from Qatar Airways is valued at more than $1.6 billion, and represents the largest single order for GE's newest engine under development.
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LONDON & FREIBERG, Germany--(BUSINESS WIRE)--Sept. 13, 2005--GE's Energy Financial Services unit, in its third investment in wind power generation in Germany, announced today an agreement to acquire the 55-megawatt Alsleben project from EAB Technology Group. GE's Energy Financial Services unit provided the equity and will secure long-term senior debt financing from local banks. Financial terms were not disclosed.
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Kolkata, September 13, 2005 -- GE Consumer Finance, the global consumer-lending unit of the General Electric Company (GE) and its third-biggest division, today announced the launch in Kolkata of GE Money, the new global umbrella brand for all GE businesses providing consumer financial services. With this launch all existing GE Countrywide products will henceforth go to market as GE Money.
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Sept. 13, 2005--Two of the leading financiers in the restaurant industry are increasing their focus on what each does best -- sale lease-back and mortgage loans. GE Commercial Finance, Franchise Finance bought $203 million in assets from Orlando-based Trustreet Properties, Inc. Trustreet is a restaurant real estate and financial services company formed from the merger between CNL Restaurant Properties and U.S. Restaurant Properties.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 12, 2005--GE Commercial Finance Global Media & Communications today announced that Thomas W. Regan has been appointed Managing Director, Origination. He will be responsible for generating and overseeing client relationships in the large cap media sector. Based in New York City, Mr. Regan will report to Peter J. Foley, managing director and head of origination, Global Media & Communications.
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CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Sept. 8, 2005--GE Fanuc Embedded Systems, Inc., a unit of GE Industrial, announced that it has purchased the multiprocessor PowerPC product line from DNA Computing Solutions, Inc. This includes the VS/VE750, VQG4, and NEXUS(TM) I VME boards, WingSpan(TM) software suite of optimized signal, image and vector processing software libraries as well as VxWorks and Linux board support software.
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EVENDALE, Ohio - September 8, 2005 - Singapore Airlines (SIA) signed a 10-year OnPointSM Solutions service agreement with General Electric Company for the maintenance, overhaul and repair of GE90-115B engines that will power 19 Boeing 777-300ERs, which enter service in 2006. The agreement is the first GE90 OnPoint Solutions service agreement.
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Chandigarh, September 8, 2005 -- GE Consumer Finance, the global consumer-lending unit of the General Electric Company (GE) and its third-biggest division, today announced the launch in Chandigarh of GE Money, the new global umbrella brand for all GE businesses providing consumer financial services. With this launch all existing GE Countrywide products will henceforth go to market as GE Money.