STAMFORD, Conn.--(BUSINESS WIRE)--Furthering its growth strategy in Latin America, GE Money, the consumer lending unit of General Electric Company (NYSE:GE), today announced that it would acquire a minority position in Banco Colpatria - Red Multibanca Colpatria S.A., a consumer and commercial bank based in Bogotá, Colombia. GE Money will acquire a 39.3 percent stake in Red Multibanca Colpatria in two installments, with options to acquire up to an additional 25 percent stake from Mercantil Colpatria S.A. by 2012.
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EVENDALE, Ohio--(BUSINESS WIRE)--The Qantas Group has selected the GEnx engine as the powerplant for its Boeing 787 Dreamliner fleet of up to 115 aircraft.
The initial order is for 90 installed engines. Deliveries are scheduled to begin in 2008.
"This selection of the GEnx engine to power Qantas' 787 fleet is exciting news for our business," said Scott Donnelly, president and CEO of GE Aviation. "We look forward to working with the airline to ensure the entry into service of the GEnx-powered 787 aircraft is flawless."
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SheetGen Provides Timely Construction-Quality Drawings of a Pipeline System for Field Use
HOUSTON, TEXAS - February 28, 2007 :- GE's PII Pipeline Solutions business has launched a new version of PipeView™ SheetGen, a software tool to generate pipeline alignment sheets directly from maintained data sources.
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Software Tool Represents Major Advancement for Pipeline Integrity Management Solutions
HOUSTON, TEXAS - February 28, 2007 :- GE's PII Pipeline Solutions business has launched PVi 4.0, a major new version of PipeView Integrity, a suite of software solutions to help transmission pipeline operators and local distribution companies assess and manage the integrity of their pipelines.
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CHICAGO--(BUSINESS WIRE)--GE Healthcare Financial Services has provided Life Care Centers of America (LCCA) -- one of the nation's leading operators of skilled nursing, assisted living, retirement, home care and Alzheimer's centers -- with first mortgage debt financing of $22 million.
This loan will enable LCCA to finance the acquisition of two skilled nursing facilities. Additionally, LCCA will use the loan to refinance an existing construction loan on a third facility.
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CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Demonstrating once again the company's market-leading responsiveness to customer requirements, GE Fanuc Embedded Systems today announced the EP2A 6U VME single board computer, the latest in the EmPower family. Featuring a Freescale PowerPC MPC7448 processor and 1 Gigabyte of DDR SDRAM, the EP2A also includes the latest Marvell Discovery V integrated system controller for leading-edge performance.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE: GE) today announced that its 2006 Annual Report is now available on the company's Web site at www.ge.com/annual06. Entitled "Invest and Deliver," the report reviews the Company's 2006 performance and provides an overview on the major global growth trends and how the Company is capitalizing on these growth trends by executing on its four strategic priorities.
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NEW ORLEANS--(BUSINESS WIRE)--GE Healthcare, a division of General Electric Company (NYSE: GE), released today key learnings about physician attitudes toward Stark Relaxation, based on data obtained from an independent study. The study reveals that recent relaxation of the "Stark" Physician Referral law and Anti-Kickback Statute ("Stark Relaxation") could greatly accelerate the adoption of Electronic Medical Record (EMR) systems by physicians and could as much as double the number of physician practices that are willing to acquire or upgrade an EMR system within the next year.
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Please click here to read the rest of the press release, in English.
Corporate Communications
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CHICAGO--(BUSINESS WIRE)--GE Antares today announced it and its sister company, GE Capital Solutions Transportation Finance, are serving as administrative agents for a senior secured credit facility to support the acquisition of Gemini Traffic Sales Inc. ("Gemini" or the "Company") by Fenway Partners.