STAMFORD, Conn.--(BUSINESS WIRE)--April 14, 2005--GE Commercial Finance Energy Financial Services announced today that P. Richard "Dick" Gessinger has joined its Oil and Gas unit as vice president of origination. He will originate partnership investments with independent private and public oil and gas producers to acquire or monetize proven reserves.
LAKEWOOD, Colo.--(BUSINESS WIRE)--April 12, 2005--New and used Kawasaki Motor Corp. (KMC) buyers in Florida have a new protection plan for their motorcycles. GE Auto Warranty Services developed and administers the Kawasaki Good Times(TM) Protection Plan (GTPP) for the company.
GTPP covers Kawasaki motorcycles - including the leading-edge Ninja(R) and Vulcan(R) lines -- as well as Kawasaki all-terrain vehicles (ATVs), Mule(TM) utility vehicles and Jet Ski(R) personal watercraft.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--April 12, 2005--GE Insurance Solutions today announced that Tim Madden has joined the company as leader of its North American brokered reinsurance business. Madden will report to Ken Brandt, business leader of North America and Asia Pacific reinsurance, and will be headquartered in the company's Barrington, IL office.
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WILTON, Conn.--(BUSINESS WIRE)--April 11, 2005--GE today announced that it has expanded its capacity for high technology silanes used in the production of silica tires and other high-performance products. Using a proprietary process designed by GE engineers, production start-up commenced in the third quarter of 2004, and last week additional capacity was brought on-line to meet the high demand for this new technology. GE's NXT(a) silane is produced at a plant in Texas City, Texas. GE declined to disclose its investment in the new capacity for competitive reasons.
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NORWALK, Conn.--(BUSINESS WIRE)--April 11, 2005--GE Commercial Finance Global Media & Communications today announced that it has named Scott Webster as senior vice president, origination. He will be responsible for originating and structuring debt transactions for companies in the North American communications sector. Based in Norwalk, Mr. Webster will report to Peter J. Foley, managing director and head of origination, Global Media & Communications.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--April 8, 2005--GE will Webcast its conference call on first quarter 2005 financial results on Friday, April 15 at 8:30 a.m. ET.
The conference call will follow the Company's news release on results, which will be available prior to the call. Information about the call is available at www.ge.com/investor. The conference call and related materials will be available at that Web site Friday morning.
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FT. WAYNE, Ind.--(BUSINESS WIRE)--April 8, 2005--A.M. Best has affirmed its "A-" rating and Stable Outlook of Medical Protective Co., a subsidiary of GE Insurance Solutions Corporation. Medical Protective also holds an "A" counterparty credit and financial strength rating from Standard & Poor's Ratings Services.
A.M. Best defines the Stable Outlook as "an indication that a company is experiencing stable financial/market trends and that there is a low likelihood that its rating will change in the near term."
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FONTANA, Calif.--(BUSINESS WIRE)--April 7, 2005--When two of the world's largest names in the steel industry came together to establish a viable West Coast steel source in the U.S., some hot results were nearly a guarantee. California Steel Industries, Inc. (CSI) - a collaboration between Japan's JFE Steel Corporation and Brazil's Companhia Vale do Rio Doce (CVRD) - has more than tripled its production output since its founding in 1984 and grown by 100% just since 1992. CSI is now the leading producer of flat rolled steel in the Western United States, boasting the widest range of products.
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FORT WAYNE, Ind. & DALLAS--(BUSINESS WIRE)--April 7, 2005--The Medical Protective Company, a member of the GE Insurance Solutions group of companies, today announced from its Dallas regional headquarters its intention to reduce rates and expand insurance offerings in Texas. This action reflects the Company's recent internal company data updates, which suggest that 2003 tort reform measures are beginning to take hold.