Frame 6B turbines to provide 120 megawatts of power New GE Oil & Gas Service Center at Ras Laffan underpins commitment to Qatari customers
Doha, Qatar; October 30, 2006: GE's Oil and Gas business has been contracted to supply three Frame 6B gas turbines that will provide approximately 120 megawatts of power for a LNG production facility in Ras Laffan owned by Qatar Liquefied Gas Company Limited 2, 3 and 4 of Doha, Qatar.
DANBURY, Conn.--(BUSINESS WIRE)--GE Capital Solutions, the business-to-business leasing, financing and asset management unit of General Electric (NYSE: GE), today agreed to buy Trustreet Properties, Inc. (NYSE: TSY), one of the leading self-advised restaurant real estate investment trusts (REIT) in the United States.
CHICAGO--(BUSINESS WIRE)--GE announced it is entering into an agreement to purchase the assets of privately held Allrail Services. Allrail provides railcar maintenance services through mobile repair units (MRU) and mini-repair shops to customers.
The terms of the transaction were not disclosed. Closing is currently scheduled for November 2006.
STAMFORD, Conn.--(BUSINESS WIRE)--GE Energy Financial Services and Sunland Resources, LLC announced today the acquisition of natural gas and oil reserves in northern Louisiana for $101 million. The properties were acquired from a consortium led by Caruthers Producing Co., Inc. and include 26 producing wells, two proved, developed non-producing wells, and 11 low risk, proved, undeveloped drilling locations in the Caspiana and Black Creek fields.
DANBURY, Conn.--(BUSINESS WIRE)--Richard Laxer, a 22-year GE veteran, has been named president and CEO of GE Capital Solutions, one of the company's largest financial services businesses, with leasing, financing and asset management operations in 30 countries and assets of more than $92 billion.
In his new position, Laxer, 45, will report to GE Vice Chairman Mike Neal.
CHICAGO--(BUSINESS WIRE)--GE Antares today announced it is serving as the administrative agent for a $145 million senior secured credit facility for the refinance of totes>>Isotoner® Corporation ("totes" or the "Company"), a portfolio company of Bruckmann, Rosser, Sherrill & Co. L.L.C. ("BRS"), and the purchase of the assets of the ESNY division of E.S. Originals Inc. GE Capital Markets served as sole lead arranger and bookrunner.
CHICAGO--(BUSINESS WIRE)--GE Antares today announced it is serving as the administrative agent for a $145 million senior secured credit facility for the refinance of totes>>Isotoner® Corporation ("totes" or the "Company"), a portfolio company of Bruckmann, Rosser, Sherrill & Co. L.L.C. ("BRS"), and the purchase of the assets of the ESNY division of E.S. Originals Inc. GE Capital Markets served as sole lead arranger and bookrunner.
MONTREAL--(BUSINESS WIRE)--Nearly 70 percent of trucking business leaders believe that fuel prices are placing the business at risk, according to an international survey of 1,200 trucking industry leaders in Canada, the U.S., U.K. and France. The survey, commissioned by GE Capital Solutions, a leading provider of financing for the commercial trucking industry, also reveals that driver shortages (69 percent) and excessive regulation (40 percent) are top threats to business performance.
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Arrangement the first of its kind in North America's accessibility industry
Laval, Québec -- Savaria Corporation (TSX: SIS), North America's second-largest provider of accessibility equipment, and GE Money, the Canadian consumer-lending unit of the General Electric Company (NYSE: GE), announced today that they have entered an agreement where GE Money will provide financing for consumers purchasing Savaria's accessibility products.
