Funding allows for refinancing of existing debt
SCOTTSDALE, Ariz.--07 December 2010-- GE Capital, Franchise Finance provided $10.5 million in financing to Wendy's® fast food franchisee, Legacy Restaurant Group, LLC. The facility will be used to refinance existing debt. Financing was provided through the GE Capital, Franchise Finance bank affiliate, GE Capital Financial Inc.
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* Follows 2009 MOU GE signed with China's Ministry of Railways (MOR)
* Represents $50 million investment, supporting 250 U.S. high-tech manufacturing jobs by 2012
* Establishes joint venture as first U.S. manufacturer ready to supply high-speed rail technology for two proposed corridors in Florida and California
* Combines CSR's rail development and operations experience with GE's U.S. manufacturing and supply chain expertise to advance rail technology offerings
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URGENT
Please note that the press release entitled "Proficy® Real-Time Information Portal Provides Web-Based Usability and Performance Improvements To Facilitate Business Decisions Based on Real-Time Facility Data" that you received from GE on Friday 3 December was issued in error. It should not have been distributed at this time. We would be very grateful if you would not reproduce it, and arrange to have it withdrawn from your web site if it has been posted.
Please accept our sincere apologies for the error and for the inconvenience.
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Four TM2500 Aeroderivative Gas Turbines to Produce Reliable Electricity on Short Notice
HOUSTON, TEXAS---December 6, 2010---Responding to severe power shortages in Bangladesh triggered by increased industrial and domestic demand, GE (NYSE: GE) announced it has won a contract to supply the country with four gas turbine rental units that will begin generating commercial power in the first quarter of 2011.