NORWALK, Conn.--(BUSINESS WIRE)--Aug. 18, 2004--GE Commercial Finance, through its Business Credit unit, has provided Brook Furniture Rental with a $25 million credit facility. The company will use the financing for working capital. With headquarters in Lake Forest, IL, Brook is a leading furniture rental service company providing premier rentals for residential, commercial and convention purposes.
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August 13, 2004 -- EVENDALE, Ohio -- General Electric Company has reached agreement in principle with two international aerospace companies to become revenue-sharing participants (RSPs) on GE's new GEnx jet engine.
Ishikawajima-Harima Heavy Industries (IHI) of Japan, and Avio SpA. of Italy will be responsible for the design and manufacture of approximately 27 percent of the GEnx engine program, which is initially targeted for the Boeing 7E7 application.
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GE Fanuc has introduced a new Change Management solution which helps life sciences companies track changes and control versions of automation software, devices and equipment used on the factory floor. This provides a framework to achieve 21 CFR Part 11 and GMP compliance.
This is according to Daniel Coetzee, Business Manager Sub-Saharan Africa for GE Fanuc Automation, a division of the GE Infrastructure global business platform.
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MOSCOW--(BUSINESS WIRE)--Aug. 11, 2004-DeltaBank is a Leading Issuer of Visa Cards in Russia GE Consumer Finance (GECF), the global consumer lending unit of General Electric Company (NYSE: GE), today announced that it has reached an agreement to acquire DeltaBank, a Moscow-based Russian consumer bank. DeltaBank's majority shareholders are Delta Russia Fund and The U.S.-Russia Investment Fund, both managed by Delta Capital Management.
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August 9, 2004 -- LYNN, MASSACHUSETTS -- General Electric's CT7-8A turboshaft engines will power 28 Sikorsky H-92 Cyclone helicopters ordered last month by the Canadian government.
Selected as part of Canada's US$3-billion Maritime Helicopter Project (MHP), the twin-engine H-92s will perform anti-submarine patrols, surveillance and ship-borne duties, and a wide range of utility roles such as Search and Rescue support, cargo and personnel transport, and disaster relief support. The first aircraft will be delivered in 2008.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 9, 2004--GE Commercial Finance Global Media & Communications announced today that it was the co-arranger and co-documentation agent in a $325 million senior debt facility for AAT Communications Corp. (AAT), the nation's largest privately held provider of wireless tower sites. The facility closed July 16.