NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it provided $115 million in debtor-in-possession financing to The Bombay Company, Inc. (OTCBB: BBAO). The financing will be used for working capital needs as the company restructures under Chapter 11.
Founded in 1975, Bombay is headquartered in Fort Worth, Texas. The company designs, sources and markets home accessories and furnishings throughout the United States and Canada.
HANOI, Vietnam--(BUSINESS WIRE)--Supporting global growth in power generation, GE Energy (NYSE: GE) is investing approximately US$50 million to build its first manufacturing facility in Vietnam.
The new factory, which will be located near the seaport city of Hai Phong, will produce components for GE's diverse portfolio of power generation equipment. The components produced in Vietnam will be sent to the company's manufacturing and service facilities around the globe for use in finished products.
ATLANTA--(BUSINESS WIRE)--GE Energy has signed a multi-million dollar contract with Wuhan Iron and Steel Company, Ltd. of Wuhan, China for GE's first large-size blast furnace gas (BFG)-fired combined-cycle power generation project in China.
GE will supply two BFG-fired combined-cycle power generation units, each including one Frame 9E gas turbine, one generator and one fuel gas compressor.
STAMFORD, Conn.--(BUSINESS WIRE)--Reinforcing its debt business expansion to serve as lead arranger and sole book runner, GE Energy Financial Services announced today that it has completed a $277 million senior credit facility for Dalbo Holdings, Inc. ("DHI"), a Utah-based oilfield services company with operations in New Mexico, Utah, Colorado and Wyoming.
NOTTINGHAM, England--(BUSINESS WIRE)--GE Aviation today launch their University Technology Strategic Partnership (UTSP) with the University of Nottingham and the University of Warwick called SMARTPACT. SMARTPACT will deliver revolutionary research in electrical power and actuation technology and lay the foundation for more far-reaching innovation over the longer-term.
MIDWAY, Utah & STAMFORD, Conn.--(BUSINESS WIRE)--Expanding its financing for oilfield services while helping overcome environmental challenges, GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that it is providing a senior secured credit facility for up to $250 million to 212 Resources.
Production Management Expert and Founder of Mountain Systems Brings Industry Experience, Entrepreneurial Vision, and Domain Knowledge
CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--GE Fanuc Automation, a unit of GE Enterprise Solutions, today announced that Erik Udstuen would be rejoining the company to lead GE Fanuc's software business moving forward. Udstuen came to GE in 2003 through the acquisition of Mountain Systems, Inc., a company he founded to deliver innovative Manufacturing Execution System (MES) software products to essential industries worldwide.
*Exclusive agreement with Phoenix Medical Systems
*Exclusive distribution agreement with SLE, UK.
*Agreements aim at broadening capabilities in growing Maternal Infant Care (MIC) segment
*GE Healthcare to produce 15,000 units and turnover USD 30 Million by 2010 for MIC products in India
