STAMFORD, Conn.--(BUSINESS WIRE)--GE Money, the consumer lending unit of General Electric Company (NYSE: GE), announced today that it has reached an agreement, through its Retail Consumer Finance Division, to purchase the proprietary consumer credit card business from Chevron Corporation (NYSE: CVX) subsidiaries, Chevron U.S.A. Inc. and Chevron Credit Bank, N.A. GE Money Bank will own and operate the Chevron®- and Texaco®-branded consumer credit cards. The transactions are subject to certain approvals, including regulatory, and are expected to close later this year.
Riyadh, Saudi Arabia; August 30, 2007: GE Healthcare, the healthcare business division of General Electric Company, will offer 10 of its Training in Partnership Television (TiP-TV) sessions and additional hospital leadership training seminars to Saudi healthcare professionals and decision-makers during the 1st Annual Riyadh Radiology Review (ARRR) conference to be held from September 2-6 at the King Fahd Cultural Center.
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NORWALK, Conn. & TORONTO--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending, Canada today announced it provided a C$600 million credit facility to Saskatchewan Wheat Pool Inc. (TSX:SWP). The financing replaces current debt and will be used to support ongoing working capital needs. GE Capital Markets arranged the transaction.
Based in Saskatchewan, Canada, Saskatchewan Wheat Pool is one of the country's largest agri-businesses with operations across Western Canada, the United States and Japan.
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CHICAGO--(BUSINESS WIRE)--GE Commercial Finance's Global Sponsor Finance business today announced it served as administrative agent for a $509.125 million senior secured credit facility to support MidOcean Partners' acquisition of Bushnell Outdoor Products, Inc. in combination with the Company's senior management team. The Governor and Company of the Bank of Ireland served as Syndication Agent of the facility, and GE Capital Markets served as sole lead arranger and sole bookrunner.
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NORWALK, Conn. & TORONTO--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending, Canada today announced it provided a C$600 million credit facility to Saskatchewan Wheat Pool Inc. (TSX:SWP). The financing replaces current debt and will be used to support ongoing working capital needs. GE Capital Markets arranged the transaction.
Based in Saskatchewan, Canada, Saskatchewan Wheat Pool is one of the country's largest agri-businesses with operations across Western Canada, the United States and Japan.
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August 27, 2007 -- EVENDALE, Ohio -- General Electric Company (GE) has signed a definitive agreement to purchase the assets of Walter Engines a.s. based in Prague, the Czech Republic. The transaction, terms of which were not disclosed, will be completed upon receipt of various regulatory approvals and customary closing conditions.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance's Media, Communications & Entertainment business announced that it has provided a $34 million credit facility to support the acquisition of HMP Communications LLC by Alta Communications, a Boston-based private-equity investment firm. GE acted as sole lender for the facility, which closed on August 17.
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RAS LAFFAN, QATAR -- August 25, 2007 -- GE Oil & Gas' PII Pipeline Solutions group has been awarded a long-term, multi-million dollar contract to provide Dolphin Energy Ltd. of the UAE with integrity management services to ensure the uninterrupted operation of Dolphin's critical sea and export pipelines in Qatar.