New Delhi, January 13, 2009-- GE Drivetrain Technologies, a unit of GE Transportation, and A-Power Energy Generation Systems (NASDAQ: APWR) announced today that they have signed two Letters of Intent (LOI), one for GE Drivetrain Technologies to supply A-Power with 2.7 megawatt (MW) wind turbine gearboxes and a second to establish a Joint Venture partnership for a wind turbine gearbox assembly plant.
BETHESDA, Md.--(BUSINESS WIRE)--GE Healthcare Financial Services served as lead arranger and administrative agent on a $25 million senior secured credit facility to Akorn, Inc., a leading specialty pharmaceutical company focused on developing, manufacturing and marketing pharmaceutical products. Financing will be used for Akorn's general corporate purposes and working capital needs.
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ERIE, Pa. and Shenyang, China (January 12, 2009) -- GE Drivetrain Technologies, a unit of GE Transportation, and A-Power Energy Generation Systems (NASDAQ: APWR) announced today that they have signed two Letters of Intent (LOI), one for GE Drivetrain Technologies to supply A-Power with 2.7 megawatt (MW) wind turbine gearboxes and a second to establish a Joint Venture partnership for a wind turbine gearbox assembly plant.
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*Transaction boosts GE's Italian financial presence in mid-market and SME sectors
*The new Board appoints Paolo Braghieri CEO
*GE sells to Santander five consumer finance businesses
Milan, 08 January 2009: GE Capital, the financing unit of General Electric (NYSE: GE), has completed the acquisition of Interbanca S.p.A., a leading Italian corporate bank, from Banco Santander. The new Board of the bank has appointed Paolo Braghieri as the CEO.
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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--GE Aviation will provide integrated systems and structures for the eight P-8I long-range maritime reconnaissance and anti-submarine warfare aircraft Boeing is developing for the Indian Navy. The Government of India recently selected Boeing to provide the aircraft to help meet its unique maritime patrol requirements.
The P-8I is a variant of the P-8A Poseidon being developed for the U.S. Navy by a Boeing-led industry team that includes GE Aviation.
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GE Expands Award Winning Telematics Solution to Canada.
General Electric (NYSE:GE) is expanding its award winning telematics solution to Canada, the company announced today. The offering, which was rolled out in the United States in 2006, gives companies with fleets of vehicles the critical line of sight into how their assets are performing in real time.
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New cables use polyurethane mold to make them stronger to hold up in the harsh environment of the machine tool
Charlottesville, VA, January 6, 2009 GE Fanuc Intelligent Platforms, a unit of GE Enterprise Solutions, today announced the availability of new environmental cables for servo and spindle motors. The power cable connectors have been redesigned to be low profile and the feedback, brake and fan cables now have molded connectors instead of assembled ones.