DALLAS--(BUSINESS WIRE)--Feb. 15, 2005
CashWorks, Inc., a GE Consumer Finance company and leading provider of automated check-cashing and prepaid solutions, announced today it has reached an agreement to roll out its proprietary system to 430 Kum & Go Convenience Stores in 13 Midwestern and Western states.
The addition of the Kum & Go chain has pushed the number of CashWorks locations to more than 3,500, with an annualized growth rate of close to 300 percent.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 15, 2005--"At the Customer, For the Customer" (ACFC), the innovative GE program that brings the vast resources and management tools of GE to individual customers, has expanded with new participants, including McDonald's. One of the largest global food service retailers, McDonald's took part in GE Commercial Finance, Franchise Finance (GEFF)'s ACFC program designed to share best practices, deepen relationships and help customers grow.
DALLAS--(BUSINESS WIRE)--Feb. 14, 2005--GE Commercial Finance Corporate Lending announced that it has named Paul W. Patrick as Senior Vice President of origination for the Texas market. Mr. Patrick will be responsible for new business development initiatives as part of a 10-person team based in Dallas.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Feb. 11, 2005--The Board of Directors of GE today authorized a regular quarterly dividend of $0.22 per outstanding share of its common stock. The dividend is payable April 25, 2005 to shareowners of record at the close of business on February 28, 2005. The ex-dividend date is February 24, 2005.
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Feb. 11, 2005--GE Commercial Finance Fleet Services has introduced Time2Sell(SM), a web-based vehicle replacement product that can deliver significant savings to fleet customers. Time2Sell(SM) applies powerful analytics to Fleet Services' comprehensive database to help customers make better, more informed, vehicle replacement decisions.
NORWALK, Conn.--(BUSINESS WIRE)--Feb. 10, 2005--GE Commercial Finance Corporate Lending announced it has provided a $30 million senior secured credit facility to western wear manufacturer and distributor Arena Brands, Inc. The financing replaces an existing facility previously arranged by GE Commercial Finance. The transaction closed on January 7.
GE Commercial Finance is the sole lead arranger, agent and a lender for the transaction and will hold half the facility.
February 09, 2005 -- EVENDALE, OHIO - First Choice Airways, based in Manchester, England, has signed a Memorandum of Understanding to purchase General Electric Company's GEnx engine to power six Boeing 787 Dreamliner aircraft.
The airline has purchased rights for an additional six 787s. The airline is part of the international leisure travel corporation First Choice Holidays PLC. Aircraft deliveries begin in 2009.
February 09, 2005 -- EVENDALE, Ohio - CFM International continued to be the world's leading aircraft engine supplier in 2004, logging orders for 683 commercial and military engines at a value of approximately $4.1 billion. In addition, the company received orders for a total of 118 CFM56-3 and CFM56-5C/P upgrade kits.
