LINDEN, N.J.--Tuesday, December 08, 2009-- Two major Northeastern US power grids, in New Jersey and New York City, are now talking to each other and dispatching energy more efficiently and reliably using breakthrough GE smart grid technology and capital, the company announced today. Three massive "variable frequency transformers" are converting up to 315 megawatts of electricity -- enough for up to 300,000 homes -- from the power system in New Jersey and feeding it to New York City.
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NORWALK, Conn.--Tuesday, December 08, 2009-- GE Capital, Corporate Finance today announced it is administrative agent for a $168 million cash flow credit facility for Blount International, Inc., a leading outdoor products manufacturer. The loan amends and extends an existing facility, and will be used for working capital needs. GE Capital Markets served as sole lead arranger.
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NORWALK, Conn.--Monday, December 07, 2009-- GE Capital, Corporate Retail Finance today announced it is co-collateral agent for a $625 million asset-based credit facility for The Bon-Ton Stores, Inc., a department store retailer. The loan will be used to refinance existing debt and for working capital needs. GE Capital Markets served as joint lead arranger.
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Water Index Will Offer Most Comprehensive Measure of Corporate Risks and Opportunities
TREVOSE, Pa.--Monday, December 07, 2009-- The World Resources Institute (WRI), in partnership with General Electric (NYSE: GE) and Goldman Sachs (NYSE: GS), has launched an initiative to measure water-related risks facing companies and their investors. The initiative will develop a Water Index as a standardized approach to identify and mitigate water-related corporate risk.
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HOFFMAN ESTATES, Ill.--Thursday, December 03, 2009-- GE Capital, Commercial Distribution Finance (CDF) today announced that it will acquire over $200 million of dealer floorplan financing receivables for the Arctic Cat dealer network in the USA. GE Capital will be acquiring the portfolio from Arctic Cat's former financier, Textron Financial Corporation and is now the exclusive provider of inventory finance for Arctic Cat under a multi-year program.
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PITTSBURGH, PA - December 1, 2009 -- Based on their global analysis of the digital pathology market and the vendors serving it, Frost and Sullivan presents Omnyx with the 2009 Growth Strategy Leadership Award. This honor is also shared with GE Healthcare and the University of Pittsburgh Medical Center (UPMC). The two global healthcare brands came together to form the joint venture in June of 2008.
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55 Discovery XR650 and Optima XR640 systems installed worldwide after launch at RSNA 2008
CHICAGO, ILLINOIS -- December 1, 2009 -- It's been just a year since GE Healthcare, a $17 billion unit of General Electric Company (NYSE: GE), launched two advanced digital radiography X-ray systems, the Discovery® XR650 and the Optima® XR640. Since RSNA 2008, along with delivering high-quality imaging, the digital systems have been working as agents for positive change, allowing radiology departments to improve patient care protocols, including diagnosis and treatment.