NORWALK, CT--- FEBRUARY 27, 2007 --- GE Commercial Finance -- Corporate Lending today announced it has provided a $71 million asset-based credit facility to Quantum Foods LLC, a leading beef processor and supplier for the food service industry. The loan will be used to refinance debt and for working capital needs.
NEW ORLEANS--(BUSINESS WIRE)--GE Healthcare and MobileAccess announced today that more than 10 hospitals in the last quarter have selected GE Enterprise Access as their universal wireless platform for hospitals. The Consumer Health World Conference recently named GE Enterprise Access as the "Best Mobile Technology for Improving Patient Care." GE and MobileAccess launched this wireless solution in December 2005.
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NEW ORLEANS--(BUSINESS WIRE)--GE Healthcare, a division of General Electric Company (NYSE:GE), today kicked off its participation in the 2007 Healthcare Information and Management Systems Society (HIMSS) Annual Conference & Exhibition in New Orleans, unveiling breakthrough efforts to seamlessly connect clinicians across the healthcare continuum---from the origination of treatment to its successful completion and from revenue cycle acceleration to clinical workflow optimization.
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--GE Capital Solutions, the business-to-business leasing, financing and asset management unit of General Electric (NYSE: GE), today finalized its acquisition of Trustreet Properties for $17.05 per share of common stock, or approximately $3 billion. Trustreet Properties is now part of Scottsdale, Ariz., -based GE Capital Solutions, Franchise Finance. This significantly expands financial services offerings in the restaurant industry for GE.
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CLEVELAND--(BUSINESS WIRE)--GE Consumer & Industrial's Lighting division, a world leader in the development of energy-efficient lighting products, today announced advancements to the light bulb invented by GE's founder Thomas Edison that potentially will elevate the energy efficiency of this 125-year-old technology to levels comparable to compact fluorescent lamps (CFL), delivering significant environmental benefits.
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VICTORVILLE, Calif.--(BUSINESS WIRE)--The GEnx engine took to the skies today in Victorville, California, marking the start of flight-testing on GE's 747 flying test-bed. During the four-hour first flight, the GEnx-1B engine demonstrated aircraft systems and instrumentation functionality, climbed to close to 40,000 feet and established engine performance baseline for flight-testing.
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CLEVELAND--(BUSINESS WIRE)--GE Consumer & Industrial's Lighting division, a world leader in the development of energy-efficient lighting products, today announced advancements to the light bulb invented by GE's founder Thomas Edison that potentially will elevate the energy efficiency of this 125-year-old technology to levels comparable to compact fluorescent lamps (CFL), delivering significant environmental benefits.
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VICTORVILLE, Calif.--(BUSINESS WIRE)--The GEnx engine took to the skies today in Victorville, California, marking the start of flight-testing on GE's 747 flying test-bed. During the four-hour first flight, the GEnx-1B engine demonstrated aircraft systems and instrumentation functionality, climbed to close to 40,000 feet and established engine performance baseline for flight-testing.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Global Media & Communications today announced that it has expanded its presence in the enthusiast publishing market by providing financing to Intermedia Outdoor, Inc. to support the acquisition of PRIMEDIA Outdoors, a leading media resource to outdoor lifestyle, hunting, fishing and shooting enthusiasts.
The GE business unit acted as joint lead arranger and joint bookrunner for the $130.5 million credit facility, which closed on January 31, 2007.
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VICTORVILLE, Calif.--(BUSINESS WIRE)--The GEnx engine took to the skies today in Victorville, California, marking the start of flight-testing on GE's 747 flying test-bed. During the four-hour first flight, the GEnx-1B engine demonstrated aircraft systems and instrumentation functionality, climbed to close to 40,000 feet and established engine performance baseline for flight-testing.