Financial Highlights (Continuing Operations)
FAIRFIELD, Conn.--(BUSINESS WIRE)--GE announced today record third-quarter earnings from continuing operations of $5.1 billion or $.49 per share, up 10% and 14%, respectively, from third-quarter 2005. Revenues from continuing operations were $40.9 billion, up 12% from last year's third quarter.
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NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE today announced it has successfully developed and delivered a 6 kW prototype of a Solid Oxide Fuel Cell (SOFC) system to the U.S. Department of Energy (DOE)/National Energy Technology Laboratory (NETL) for testing as part of a multi-year research program under the Department's Solid State Energy Conversion Alliance (SECA) Coal-Based Systems program.
CHICAGO--(BUSINESS WIRE)--GE Antares Capital and its sister company, GE Leveraged Loans Ltd., based in the United Kingdom, today announced their role as administrative agent for an $80.0 million U.S. senior credit facility and a £15.0 million U.K. senior credit facility to support KNIA Holdings, Inc. ("KNIA"), an affiliate of funds managed by Kohlberg & Company, L.L.C. ("Kohlberg") in its acquisition of Niagara Corporation ("Niagara"). GE Capital Markets served as the sole lead arranger and bookrunner for the credit facility.
CHICAGO--(BUSINESS WIRE)--GE Antares Capital and its sister company, GE Leveraged Loans Ltd., based in the United Kingdom, today announced their role as administrative agent for an $80.0 million U.S. senior credit facility and a £15.0 million U.K. senior credit facility to support KNIA Holdings, Inc. ("KNIA"), an affiliate of funds managed by Kohlberg & Company, L.L.C. ("Kohlberg") in its acquisition of Niagara Corporation ("Niagara"). GE Capital Markets served as the sole lead arranger and bookrunner for the credit facility.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced the appointment of Howard Mikytuck as senior vice president industry leader of general manufacturing for its Corporate Lending business. He will be responsible for delivering solutions tailored to the unique capital requirements of GE customers in the general manufacturing sector. Mikytuck will be based in Glen Allen, Va.
SAN DIEGO & SINGAPORE--(BUSINESS WIRE)--Jeff Immelt, Chairman of the Board and Chief Executive Officer of General Electric, presented a commemorative award to Wan Choong Hoe, Executive Vice President and Chief Operating Officer, of STATS ChipPAC Ltd. at the Tower Club in Singapore. The award was presented in celebration of the ten-year relationship between GE Capital Solutions, Global Electronics Services (GES) and STATS ChipPAC and the attainment of US$ 320 million in cumulative leasing volume.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced the appointment of Howard Mikytuck as senior vice president industry leader of general manufacturing for its Corporate Lending business. He will be responsible for delivering solutions tailored to the unique capital requirements of GE customers in the general manufacturing sector. Mikytuck will be based in Glen Allen, Va.
BARRINGTON, Ill. BARRINGTON, Ill.--(BUSINESS WIRE)--GE Healthcare, a unit of General Electric Company (NYSE: GE) and a leading provider of comprehensive clinical, financial and administrative information technology solutions announced today that Valley Baptist Health System will upgrade its existing IDX "LastWord" system to the Centricity Enterprise (formerly IDX® Carecast™) solution. Once complete, the implementation of Centricity Enterprise will provide caregivers with a complete and accurate view of a patient's medical history electronically.
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