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Press Release

Energy Investors Funds Acquires Hess Corporation's 50 Percent Equity Stake In GE-Powered Newark Energy Center In New Jersey With Financing From Crédit Agricole, GE And MUFG

June 20, 2014

NEWARK, NJ - June 20, 2014: Energy Investors Funds (“EIF”), an energy-focused private equity firm, announced today that two EIF-managed funds have indirectly acquired an additional 50 percent ownership stake in the Newark Energy Center from Hess Corporation (NYSE: HES) using a $590 million loan from Crédit Agricole Corporate and Investment Bank, GE unit (NYSE: GE) GE Energy Financial Services and Mitsubishi UFJ Financial Group (MUFG).

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GE Capital Finances New Chicago Brewery For Lagunitas

June 20, 2014

CHICAGO, IL -- GE Capital, Corporate Finance today announced it is providing Lagunitas Brewery with a $20 million credit facility to equip the company's new Chicago brewery.

Lagunitas, founded in 1991 and headquartered in Petaluma CA, is one of the nation's fastest-growing craft brewers. The company is opening a 600,000-barrel capacity brewery in the Douglas Park neighborhood of Chicago, where it held a ribbon-cutting ceremony on June 17, 2014.

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New GE Monogram® French Door Wall Oven Puts Culinary Possibilities Within Reach

June 20, 2014

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Do You Dream in Monogram®? GE Challenges Designers in $150,000 Dream Kitchen Design Contest

June 20, 2014

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GE Invests in its Monogram® Appliance Brand as Luxury Spending Rises

June 20, 2014

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How Thomas Edison's Unsung Invention Led to the World's Most Powerful Jet Engine

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How Thomas Edison's Unsung Invention Led to the World's Most Powerful Jet Engine

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The modern light bulb wasn’t Thomas Edison’s only flash of brilliance. 

In 1879, the inventor exposed thin slices of bamboo to scorching heat at his lab in Menlo Park, NJ. The cellulose inside the bamboo quickly carbonized and transformed the splinters into super strong carbon fibers.

Able to conduct electricity and endure intense heat, Edison used these fibers as filaments in his first light bulbs, before replacing them with tungsten.

The Rise of Emerging Market Startups

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The Rise of Emerging Market Startups

Startups are playing a larger role in almost every major company's innovation strategy.

According to the 2014 GE Global Innovation Barometer, which surveyed 3,200 innovation executives in businesses of various sizes and industries across the globe, 85 percent said their companies were working on strategies to create partnerships with startups and entrepreneurs.

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