NORWALK, CT-- March 25, 2009 --- GE Capital's Healthcare Financial Services business today announced it agented an amendment to the $124 million senior secured credit facility of Medical Staffing Network Holdings, Inc., a healthcare staffing company. GE Capital Markets arranged the amended credit facility.
Based in Boca Raton, FL, Medical Staffing provides supplemental healthcare personnel, nurses, paraprofessionals and allied support services to healthcare facilities nationwide.
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Deal Worth $300 Million Uses Turbine Technology Developed by GE Aviation
FLORENCE, Italy--25 March 2009-- GE Oil & Gas technology has again been selected for one of the largest gas transmission projects in the world. GE will be the primary supplier of compression equipment for the western section of China's second West-to-East Gas Pipeline. Since 2005, GE has been awarded bids by PetroChina worth over $600 million.
Longer than the Great Wall
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Completes acquisition of Vital Signs and its subsidiary Breas Medical AB.Strategic move to break into the Home Care and sleep therapy market
Bangalore, March 24, 2009: GE Healthcare, the US$17 billion healthcare business of General Electric Company (NYSE: GE) today announced its entry into the Home Healthcare Market in India through introduction of sleep care and home respiratory care solutions. The home health solutions are added through acquisition of Vital Signs Inc. and its subsidiary Breas Medical AB.
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ATLANTA--24 March 2009-- GE Energy has reached an agreement with Pepco Holdings, Inc., (PHI) an electric utility that will buy GE's state-of-the-art smart meters for use in the deployment of its advanced metering infrastructure (AMI) in the state of Delaware, with flexibility to expand usage of the smart meters in other areas of PHI's service territory.
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Landmark MoUs with NPCIL and BHEL Set Path for Advanced Boiling Water Reactor Power Station to Expand Electricity Supply in World's Largest Democracy
New Delhi - March 23, 2009 - GE Hitachi Nuclear Energy (GEH) today announced the signing of two agreements with the Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals Limited (BHEL) as the companies prepare to collaborate on building multiple GEH-designed nuclear reactors to help meet India's energy production goals.
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FAIRFIELD, CT -- March 23, 2009 -- Moody's Investors Service today announced a downgrade of General Electric Company's and General Electric Capital Corporation's (GECC) long-term ratings from Aaa to Aa2, with a "stable" outlook. The ratings downgrade does not affect GE's and GECC's short-term funding ratings of Prime-1, which were affirmed by Moody's. The action follows a thorough review of GE's portfolio by Moody's.
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Landmark MOUs with NPCIL and BHEL Set Path for Advanced Boiling Water Reactor Power Station to Expand Electricity Supply in World's Largest Democracy
WILMINGTON, N.C.--23 March 2009-- GE Hitachi Nuclear Energy (GEH) today announced the signing of two agreements with the Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals Limited (BHEL) as the companies prepare to collaborate on building multiple GEH-designed nuclear reactors to help meet India's energy production goals.
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Landmark MOUs with NPCIL and BHEL Set Path for Advanced Boiling Water Reactor Power Station to Expand Electricity Supply in World's Largest Democracy
WILMINGTON, N.C.--23 March 2009-- GE Hitachi Nuclear Energy (GEH) today announced the signing of two agreements with the Nuclear Power Corporation of India (NPCIL) and Bharat Heavy Electricals Limited (BHEL) as the companies prepare to collaborate on building multiple GEH-designed nuclear reactors to help meet India's energy production goals.
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NORWALK, CT-- March 23, 2009 --- GE Capital's corporate lending business today announced it provided a $175 million accounts receivable securitization facility to Georgia Gulf Corporation, a leading chemicals company. The proceeds will be used for working capital needs.
In this type of structure, GE provides an asset-based loan secured by the company's accounts receivables.