NORWALK, Conn.--18 February 2011-- GE Capital, Restructuring Finance today announced it provided a $505 million debtor-in-possession (DIP) credit facility to Borders Group, Inc., a specialty book retailer. The financing will be used by Borders for working capital as the company reorganizes under Chapter 11. GE Capital, Restructuring Finance is serving as the administrative agent and GE Capital Markets is serving as the sole lead arranger.
Chalfont St.Giles, 18 February, 2011 -- GE Healthcare, a unit of General Electric Company (NYSE:GE) announced today that on 1 April 2011, Kieran Murphy will be promoted to succeed current Life Sciences President and CEO Peter Ehrenheim who will retire from GE after a transition period on July 31 2011. Kieran is currently GE Healthcare's Head of Global Commercial Operations, Life Sciences.
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NORWALK, CT-- February 18, 2011 --- GE Capital, Restructuring Finance today announced it provided a $505 million debtor-in-possession (DIP) credit facility to Borders Group, Inc., a specialty book retailer. The financing will be used by Borders for working capital as the company reorganizes under Chapter 11. GE Capital, Restructuring Finance is serving as the administrative agent and GE Capital Markets is serving as the sole lead arranger.
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Eden Prairie, Minn.- February 17, 2011- GE Capital Fleet Services today announced that it will provide its telematics-based Mobile Resource IntelligenceSM program to Ewing Irrigation Products, a leading provider of water management, irrigation and landscaping solutions.
Ewing is deploying GE's Monitor solution, which is an integrated online mapping and reporting solution for fleet and operations leaders.
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The government of Thailand has asked industrial companies to reduce their emissions, in support of a national initiative to improve the country's air quality. Thaioil Power, a subsidiary of Thai Oil, which is Thailand's largest oil refiner, has taken some significant steps in that direction.
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Sao Paulo, Brazil, February 16, 2011 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing unit of GE, announced two new transactions with AVIANCA TACA involving 16 Airbus aircraft.
GECAS signed a purchase and leaseback transaction for two new Airbus A330-200s and four new Airbus A320s. The aircraft are part of AVIANCA TACA's existing order book with Airbus. Two of the A320s will be operated by Taca, the remainder will be operated by Avianca. Additionally, GECAS has leased 10 Airbus A318s to Avianca.
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Lockheed Martin to Supply GEH with Main Control Room Systems for Reactors
WILMINGTON, N.C.---February 16, 2011---GE Hitachi Nuclear Energy (GEH) today announced it has signed an agreement with Lockheed Martin (NYSE: LMT). The two US-based companies, known for excellence in technology and safety, will join forces to design and build the world's most advanced digital control systems and nuclear reactors.