EDEN PRAIRIE, Minn.--02 August 2010-- GE Capital Fleet Services today announced it identified more than $96 million in cost savings for customers in the second quarter of 2010. GE's work with customers to optimize returns on their fleet investments has resulted in identified cost savings of more than $160 million for the first half of 2010.
NORWALK, Conn.--02 August 2010-- GE Capital, Restructuring Finance today announced it is co-collateral agent in a $100 million plan of reorganization credit facility to Neenah Enterprises, Inc., one of the largest independent foundry companies in the U.S. The loan supports the company's pre-packaged exit from bankruptcy protection. GE Capital Markets served as joint lead arranger.
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New GE Capital survey finds that true fleet operating costs may be overlooked
44% of businesses use maximum monthly rental as the main criteria when working out the cost of their employees cars
New research from GE Capital shows that businesses are now using several criteria to monitor the cost effectiveness of their fleet but they may be failing to account for the total cost of running a fleet, leading to unexpected financial costs at the end of the year.
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Energy Control Systems (ECS) Adds Advanced Grid Management and Control System to GE's Portfolio-Bolstering Quest to Build a Grid for 21st Century Power Realities
ATLANTA, GA.---August 2, 2010---GE (NYSE: GE) made a major step forward with its worldwide commitment to improve the ways we make, move and consume electricity with the acquisition of SNC-Lavalin's Energy Control Systems (ECS) business and its network management and control software. ECS software is already improving the reliability, efficiency and carbon profile for 300 million people on six continents.
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GE Capital, one of Europe's leading providers of asset based lending, today announced that it has provided Baird Group Limited subsidiaries, BMB Clothing Ltd and Worth Valley Menswear Ltd, with £17 million of facilities to support the company's future growth plans. The facilities, comprising confidential invoice discounting and a revolving stock loan, are expected to provide up to £113 million a year of working capital to the company, in volume terms, over the first year.
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GE Capital today announced that all 25 teams who were entered by the company successfully took part in the London Triathlon sprint team relay.
The event, hosted at Londons ExCel Centre over the weekend, saw more than 12,000 professional and amateur entrants compete in a series of Triathlon races. Saturday's sprint team relay saw GE Capital staff, clients and introducers, including MCR, Altro, Wilkins Kennedy, Mayer Brown International LLP and Baker Tilly, competing.