SALT LAKE CITY--(BUSINESS WIRE)--Aug. 4, 2005
While studies show budgets for corporate meetings and events to be on the rise, so is the need to track and control expenditures. GE Consumer Finance's Corporate Payment Services unit has developed a suite of payment solutions for corporate meeting planners. The different options provide increased control and streamlined accounting for complex, large-budget events.
NORWALK, Conn.--(BUSINESS WIRE)--Aug. 3, 2005--GE Commercial Finance Corporate Lending, along with Morgan Stanley Senior Funding Inc. and Marathon Asset Management, announced today that it has provided a $230 million debtor-in-possession financing facility for Allied Holdings, Inc. in conjunction with its voluntary filing for reorganization under Chapter 11 of the U.S. Bankruptcy. The facility is structured as a $130MM revolving credit facility, $20MM term A loan and $80MM term B loan.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 3, 2005--GE Commercial Finance's Global Media & Communications business announced that it has provided $14 million in senior secured financing for Coast Radio Company, Inc. GE served as sole lender for the transaction, which closed on July 29, 2005.
LOUISVILLE, Ky.--(BUSINESS WIRE)--Aug. 2, 2005--The clothes lines have been drawn and, for the third year, it's women who claim to be primarily responsible for doing laundry. A recent survey of over 1,000 men and women, sponsored by GE Consumer & Industrial, reports that females are still primarily responsible for doing the household laundry. But that's not the full story. There's a clear disconnect between the sexes about who feels responsible for the laundry.
NORWALK, Conn.--(BUSINESS WIRE)--Aug. 2, 2005--GE Commercial Finance Technology Lending, a unit of GE Commercial Finance Global Media & Communications, today announced that it has named John Kinnaman as managing director. In this capacity, he will oversee transactions for companies within the technology sector, including clean energy, communications infrastructure, electronics, hardware, information technology, internet services, semiconductor and software.
WAUKESHA, Wis.--(BUSINESS WIRE)--Aug. 1, 2005--GE Healthcare, a unit of General Electric Company (NYSE:GE), announced today that it has signed a multi-year agreement with the University of Virginia Health System (UVa) to develop new, minimally invasive surgery techniques. Using GE Healthcare's cutting edge surgical navigation tools, the InstaTrak(R) 3500 Plus and OEC(R) 9800 Plus, doctors at UVa will research less invasive methods of therapeutic and surgical intervention for the brain and spine.
August 01, 2005 -- LYNN, MASSACHUSETTS - The GE CT7-8B5 turboshaft engine has been selected to power the U.S. Army Special Operations MH-60M Black Hawk (Sikorsky) aircraft.
The initial 2005 contract to General Electric Company for $15.5 million is for the development program, which includes engine development and aircraft integration activities, and flight test engines and support. Flight-test engine deliveries are scheduled to begin in January 2006, with initial flight-testing planned for 2007.
KANSAS CITY, Mo.--(BUSINESS WIRE)--July 29, 2005--GE Insurance Solutions (NYSE:GE) today announced that it has donated nearly $600,000 to non-profit organizations in 2005, through its many companies. The donations include $450,000 in direct program grants to non-profit organizations and $150,000 to organizations through event sponsorship.
NISKAYUNA, N.Y.--(BUSINESS WIRE)--July 28, 2005--GE Global Research, one the world's most advanced and diversified industrial research labs, today announced that it will be hosting the National Academy of Engineering's (NAE) 11th annual Frontiers of Engineering Symposium from September 22-24, 2005. This represents the first time ever that the Symposium is being hosted by a corporate partner.
