CHICAGO (December 17, 2015) Commercial Distribution Finance (“CDF"), a business of GE Capital, announced today that Arctic Cat Inc. (NASDAQ: ACAT), a leading manufacturer of recreational products, has chosen CDF as an exclusive provider for dealer inventory financing across North America. The financing will consolidate all of ACAT’s North American dealers onto one technology platform and provide them leading edge tools to help manage their businesses.
First A321neo models to enter service in Virgin America’s fleet in 2017
NORWALK, Conn., - December 15, 2015 - GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it signed an agreement with Virgin America, Inc., to lease 10 new Airbus A321neo aircraft powered by CFM’s LEAP-1A engines to expand the carrier’s fleet.
The first aircraft is scheduled for delivery in Q1 2017 and the remainder will deliver in 2017 and 2018. All 10 aircraft are part of GECAS’ existing orderbook with Airbus.
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FAIRFIELD, Conn.-December 11, 2015-The Board of Directors of GE today declared a $0.23 per share dividend on the outstanding common stock of the Company payable January 25, 2016 to shareowners of record at the close of business on December 21, 2015. The ex-dividend date is December 17, 2015.
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WAUWATOSA, Wis., Dec. 7, 2015 - The National Basketball Association (NBA) and GE Healthcare (NYSE: GE) today conducted a successful meeting at GE’s Wisconsin offices to discuss the progress of their research collaboration. The partnership, which commenced in July, promotes sports medicine research to benefit not only NBA players but athletes of all levels.
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FAIRFIELD, Conn. - December 7, 2015 - GE announced today it has terminated its agreement to sell its Appliances business to Electrolux and will now pursue other options to sell the Appliances business.
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FAIRFIELD, Conn. - December 7, 2015 - GE announced today it has terminated its agreement to sell its Appliances business to Electrolux and will now pursue other options to sell the Appliances business.
GE is entitled to a break-up fee of $175 million from Electrolux. The Appliances business is performing well and GE will continue to run the business while it pursues a sale.
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7 December 2015 - GE today welcomed the Federal Government’s Innovation Statement and called on business to show leadership with investments in technology and talent.
Geoff Culbert, CEO & President of GE Australia, New Zealand and PNG said:
“The Government’s Innovation Statement hits the right issues - access to capital, the removal of red tape, measures to create, attract and retain talent as well as incentives to encourage collaboration and a culture of ideas. These initiatives will help to create an environment in which entrepreneurialism can flourish.
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FAIRFIELD, Conn. - December 04, 2015 - GE (NYSE: GE) has signed an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners, a leading pan-regional private equity firm that focuses on Latin American middle market investments. The transaction includes employees of the business and represents aggregate GE ending net investment (ENI) of approximately US$1.1 billion.
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GE Chairman and CEO Jeff Immelt today issued the following statement on the reauthorization of the Export-Import Bank, which was approved by Congress as part of a long-term transportation bill:
“Congress did the right thing today when it voted to reauthorize the U.S. ExIm bank. On behalf of our employees and suppliers across the country, we applaud the leaders in both the House and Senate who made this possible. It is excellent news for workers and businesses large and small who can now confidently compete and win deals globally.”
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