NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), today announced that it has received a $900,000 grant from National Human Genome Research Institute (NHGRI), part of the National Institutes of Health (NIH), to develop breakthrough technologies that will enable a human-sized genome to be sequenced for under $1,000 and take less than one day to complete. With current technology, the cost is now estimated to be between $10 million to $50 million and the time of sequencing takes at least one year.
Dave Nissen, President and CEO of GE Money, hosted a meeting focusing on key initiatives underway within the business. Additionally, leaders from across the segment provided regional and business updates.
Location: New York, NY
Dave Nissen, President and CEO of GE Money, hosted a meeting focusing on key initiatives underway within the business. Additionally, leaders from across the segment provided regional and business updates.
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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.
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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.
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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.
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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.
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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.
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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.
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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.