FAIRFIELD, Conn.--(BUSINESS WIRE)--GE Chairman and CEO Jeff Immelt today announced the appointment of John F. Lynch as Senior Vice President of Human Resources.
Lynch, 54, will succeed William J. Conaty, who is transitioning into retirement after 40 years of service to GE. The appointment is effective Jan. 8.
Kuala Lumpur, 15 December 2006 -- AirAsia, the leading low fare airline in Asia, has selected CFM International's CFM56-5B engine to power its 40 firm and 30 options Airbus A320 aircraft. The purchase agreement for the firm engine order, which covers a total of 80 engines plus 6 spares, is valued at approximately USD $500 million at list price.
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CHICAGO--(BUSINESS WIRE)--GE Antares today announced it is serving as syndication agent for a $275 million senior secured credit facility to support the acquisition by Best Brands (the "Company") of Telco Food Products Inc., and Brantley Partners' recapitalization of the Company. GE Capital Markets and RBS Securities Corporation serve as joint lead arrangers and joint bookrunners.
ATLANTA--(BUSINESS WIRE)--GE Energy (NYSE: GE) announced it has signed three contracts with the Saudi Electric Company (SEC) worth in excess of $950 million to supply 23 F-class gas turbines and additional equipment for three power plants that will add 2,900 megawatts of capacity to the Kingdom's electricity grid.
These projects include:
PITTSFIELD, Mass.--(BUSINESS WIRE)--They're primo on holiday wish lists; they're pricey; and they're precious to their owners. So after unwrapping an iPod or MP3 player that may cost upwards of $450, it's important to safeguard these surprisingly delicate devices from being dropped, banged, or stepped on. Dozens of companies offer protective and stylish covers and cases for iPods -- and the majority rely on the toughness, scratch resistance, and light weight of GE's Lexan(1) polycarbonate.
CHICAGO--(BUSINESS WIRE)--GE Antares today announced it is serving as syndication agent for a $275 million senior secured credit facility to support the acquisition by Best Brands (the "Company") of Telco Food Products Inc., and Brantley Partners' recapitalization of the Company. GE Capital Markets and RBS Securities Corporation serve as joint lead arrangers and joint bookrunners.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that it has provided a $170 million cash flow credit facility to ClientLogic, a leading business process outsourcing provider. The loan will be used for recapitalization and working capital needs. GE Capital Markets arranged the transaction.
FAIRFIELD, Conn.--(BUSINESS WIRE)--The GE Foundation, the philanthropic organization of General Electric Company, today announced that it will provide emergency grants totaling $2 million for humanitarian efforts in the Darfur region of Sudan. CARE and UNICEF will each receive $750,000, and International Medical Corps will receive $500,000.
FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE: GE) expects to deliver double-digit growth in earnings per share (EPS) in 2006 and its eighth straight quarter of 2-3 times GDP organic revenue growth, and will enter 2007 with a portfolio of leadership businesses capable of producing sustainable high-quality earnings growth and expanding returns GE Chairman and CEO Jeff Immelt told investors today at the company's annual outlook meeting.
