FLORENCE, ITALY, August 11, 2005: -- GE Energy's oil and gas business has been selected to upgrade three propane compressors as a major portion of a "debottlenecking" project at the Malaysia Liquefied Natural Gas (MLNG) Dua plant in Bitulu, Sarawak, Malaysia. The US$18 million agreement represents one of the largest single-source upgrade contracts won by the GE oil and gas business to date.
KOKOMO, Ind.--(BUSINESS WIRE)--Aug. 3, 2005--GE (NYSE: GE) New DS300 telematics unit helps GE customers remotely monitor over-the-road trailers and other assets for safety, security and fleet utilization
Delphi Corp. (NYSE: DPH) announced today it will begin production shortly on a new satellite transceiver unit that GE (NYSE: GE) will use with its VeriWise(TM) asset intelligence system. GE's VeriWise system allows fleet owners to track and monitor mobile assets such as over-the-road trailers.
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August 10, 2005 -- GLASGOW, MT - General Electric and Boeing will begin testing new technology to further reduce noise on the already quiet Boeing 777-300ER aircraft, which are powered by GE90-115B engines.
The three-week flight test at Boeing's Glasgow, Montana, test facility is part of Boeing's Quiet Technology Demonstrator 2 (QTD 2) program. QTD 2 is a collaboration between Boeing, General Electric, Goodrich's Aerostructures division, NASA, and All Nippon Airways to validate new technologies designed to reduce noise on the aircraft and engine.
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SEOUL, Korea--(BUSINESS WIRE)--Aug. 9, 2005
GE Consumer Finance (GECF), the global consumer lending unit of General Electric Company announced today that it has signed an agreement with Hyundai Card, one of South Korea's leading credit card providers, to form a strategic alliance in Korea.
Under the terms of the agreement, GE Consumer Finance will acquire a 43% stake in Hyundai Card through a purchase of shares valued at $305 million, and participate in a rights issue in the amount of $162 million.
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BELLEVUE, Wash.--(BUSINESS WIRE)--Aug. 10, 2005--Long's Jewelers is well on its way to standing alone among jewelry retailers in New England -- literally.
9 August 2005
GE Commercial Finance Global Media
BELLEVUE, Wash.--(BUSINESS WIRE)--Aug. 10, 2005--Long's Jewelers is well on its way to standing alone among jewelry retailers in New England -- literally.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 8, 2005--GE Commercial Finance Technology Lending, a unit of Global Media & Communications, today announced that it has appointed Paul Lee to the position of vice president, origination. He will be responsible for originating and maintaining client relationships within the technology sector, and will report to John Kinnaman, managing director, GE Commercial Finance Technology Lending.
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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.
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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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