HOUSTON & STAMFORD, Conn.--Dec. 18, 2007--In its first equity investment in offshore drilling, GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it will invest $54 million and co-finance the acquisition of a ship drilling for oil in deep water off the coast of Brazil.
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Contribution reflects commitment to communities, employees and men and women of the U.S. military
NEW YORK--(BUSINESS WIRE)--GE today announced a $250,000 contribution to the Disabled American Veterans (DAV) whose primary mission is to help build better lives for disabled veterans and their families. The presentation and tribute to the men and women of the U.S. military was made on the live 2-hour series premiere of NBCU's "Clash of the Choirs."
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $100 million trade accounts receivable securitization to Rexnord Funding LLC, a leading supplier of power transmission and water management products. The financing will be used for working capital, general liquidity and to fund potential future acquisition activity.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided a $100 million trade accounts receivable securitization to Rexnord Funding LLC, a leading supplier of power transmission and water management products. The financing will be used for working capital, general liquidity and to fund potential future acquisition activity.
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GE Fanuc Intelligent Platforms' Breakthrough Process Control System Offers System Stability, Ease of Use, Limited Maintenance and Affordability
CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--GE Fanuc Intelligent Platforms, a unit of GE Enterprise Solutions, today announced that Xinneng Energy Ltd., a leading supplier of energy-chemical products and services, has implemented its new breakthrough process control system, Proficy Process Systems, released last August. Xinneng Energy is located in Jiangsu Province, Zhangjiagang, China.
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NEW ORLEANS--(BUSINESS WIRE)--GE Energy is supplying 20 natural gas-fueled Jenbacher generator sets for a new 30 MW power plant being built to support the regional grid as well as oil and gas field production requirements in southwestern Argentina as the country seeks to overcome its energy shortages.