JENBACH, Austria--(BUSINESS WIRE)--Representing its largest order of Jenbacher biogas engines and the largest biogas power plant in the world, GE Energy (NYSE: GE) is supplying 40 high-efficiency, JMS 312 units to renewable energy developer, NAWARO Bioenergie AG, Leipzig, for an agricultural biogas project in eastern Germany, near the Polish border.
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.
"Our portfolio changes and long-term strategy are paying dividends," said GE Chairman and CEO Jeff Immelt. "The markets where we compete continue to be favorable for GE and our businesses are experiencing significant tailwinds.
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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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Jeff Immelt, Chairman and CEO - GE; Keith Sherin, CFO - GE; and Dan Janki, VP Investor Communications - GE, hosted a conference call and discussed 3Q '06 financial performance.
Jeff Immelt, Chairman and CEO - GE; Keith Sherin, CFO - GE; and Dan Janki, VP Investor Communications - GE, hosted a conference call and discussed 3Q '06 financial performance.
Listen to the Audio Presentations:
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Corporate Communications
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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.
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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.
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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 $80.0 million U.S. senior credit facility and a £15.0 million U.K. senior credit facility to support KNIA Holdings, Inc. ("KNIA"), an affiliate of funds managed by Kohlberg & Company, L.L.C. ("Kohlberg") in its acquisition of Niagara Corporation ("Niagara"). GE Capital Markets served as the sole lead arranger and bookrunner for the credit facility.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance today announced the appointment of Howard Mikytuck as senior vice president industry leader of general manufacturing for its Corporate Lending business. He will be responsible for delivering solutions tailored to the unique capital requirements of GE customers in the general manufacturing sector. Mikytuck will be based in Glen Allen, Va.
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SAN DIEGO & SINGAPORE--(BUSINESS WIRE)--Jeff Immelt, Chairman of the Board and Chief Executive Officer of General Electric, presented a commemorative award to Wan Choong Hoe, Executive Vice President and Chief Operating Officer, of STATS ChipPAC Ltd. at the Tower Club in Singapore. The award was presented in celebration of the ten-year relationship between GE Capital Solutions, Global Electronics Services (GES) and STATS ChipPAC and the attainment of US$ 320 million in cumulative leasing volume.
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