STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 8, 2004-- Dillard's Inc. selects GE unit to provide retail credit card services and program support for its customers GE Consumer Finance, a global leader in retail credit car programs and other consumer lending services, announced today that it has entered into an agreement to purchase substantially all of the assets of Dillard National Bank, the private label credit card issuing bank of Dillard's Inc. (NYSE: DDS), for approximately $1.25 billion.
STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 5, 2004--GE Commercial Finance has added two executives to its Capital Markets/Syndications team, it was announced today. The two, Jeffrey A. Gimby, and John K. Kuhn, have been named senior vice president, GE Commercial Finance Capital Markets/Syndications and report to Mary Beth Burnett, managing director, GE Commercial Finance Capital Markets/Syndications.
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WILMINGTON, Mass.--(BUSINESS WIRE)--Aug. 4, 2004--
U.S. Transportation Security Administration Program Designed To
Enhance Airport Security
Tampa International Airport today became the fourth airport in the country to participate in a live pilot of GE's EntryScan3 walk-through explosives detector conducted by the U.S. Transportation Security Administration.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 4, 2004--GE Commercial Finance's Global Media & Communications business announced that it has co-arranged $36 million in senior secured financing for American Consolidated Media, Inc., a Texas-based community newspaper publisher. GE provided $18 million of the facility, was appointed Administrative Agent, and served as Co-Arranger with CIT's Communications and Media Finance group, a unit of CIT Group Inc. (NYSE:CIT), which also provided $18 million.
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August 03, 2004 -- EVENDALE, Ohio - GE Transportation's marine business received United States Navy certification for its LM2500+ aeroderivative gas turbine. The LM2500+ has been certified by the U.S. Navy for 35,000 brake horsepower (bhp) for mechanical drive applications.
The LM2500+ received the certification for use powering the U.S. Navy's eighth LHD and follow-on ships in the WASP (LHD 1) class of large-deck, multipurpose amphibious assault ships.
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FLORENCE, ITALY (August 3, 2004) --- Trans Pacific Petrochemical Indotama (TPPI) has awarded GE Energy a contract of more than US$21.5 million to supply three gas turbines and additional equipment for a petrochemical project in Tuban, East Java, Indonesia.
The three MS5001 gas turbines will be installed at a new power plant that will provide electricity for an aromatic plant at the TPPI petrochemical complex currently under construction in Tuban.
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WILMINGTON, Mass.--(BUSINESS WIRE)--Aug. 2, 2004--GE Infrastructure, Security, a unit of General Electric Company, announced today that the United States Department of the Interior will deploy several GE EntryScan3 walk-through explosives detection portals in an effort to help protect one of the nation's most treasured symbols of freedom and democracy. Additionally, GE's Itemiser3 desktop explosives detection systems will be deployed to strengthen the monument's checkpoint security program.
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August 02, 2004 -- Cologne, Germany - GE Inspection Technologies, a division of GE Transportation, has completed its acquisition of Hocking NDT Limited (Hocking), after receipt of all required regulatory approvals. The transaction, terms of which were not disclosed, was completed on July 31, 2004.
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GE Infrastructure is a high-technology platform comprised of some of the fastest growing businesses within GE; which includes the Water Technologies, Security, Sensing and GE Fanuc Automation divisions. They represent a set of advanced solutions to some of the most pressing issues that industries face - pure water, safe facilities, plant automation and detecting changes in the operating environment.