Financing provides funds for new construction in multiple locations
SCOTTSDALE, Ariz.--16 July 2008-- With $5 million in financing from GE Capital Solutions, Franchise Finance, the new, independently operated concept Bobby's Burger Palace begins construction on multiple locations. The first Bobby's Burger Palace, the brainchild of renowned chef Bobby Flay and business partner Laurence Kretchmer, opens today in Lake Grove, N.Y., on Long Island.
KETTERING, Ohio --- July 14, 2008 --- GE Money and Kittle's Furniture today announced a new multi-year relationship to provide consumer financing services through the home furnishings retailer's 14 Indiana and Ohio stores, including the Indianapolis Ethan Allen location and Thomasville Home Furnishings stores in Dublin and Easton, Ohio.
KETTERING, Ohio --- July 14, 2008 --- GE Money and Brother International Corporation, a leading manufacturer of home sewing and embroidery products, today announced a new multi-year relationship to provide consumer credit through the Home Design program offered by GE Money's Sales Finance unit.
GE Money Home Lending, one of the UK's leading specialist lenders, has appointed Ian Wilson as its new Chief Risk Officer (CRO), reporting to CEO Colin Shave.
Ian has a wealth of UK banking experience and 15 years credit risk experience. He joins GE Money from Santander Group where he held the position of Managing Director, Abbey Business. Prior to Abbey Ian worked for RBS, holding key positions including Director Credit Risk, Retail Banking -as well as a period at Ernst & Young as a Senior Consultant in Retail Banking.
STAMFORD, Conn.--09 July 2008-- With a goal of investing $6 billion in renewable energy by 2010, GE Energy Financial Services surpassed the $4 billion mark today by investing in New York State's three newest wind farms. The unit of GE (NYSE: GE) will invest a total of $100 million in the three wind farms, whose construction began last month.
"As house prices soften many commentators understandably warn of the potential of negative eq
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NORWALK, Conn.--July 1, 2008--GE Commercial Finance Corporate Lending today announced it provided a $175 million debtor-in-possession credit facility to Goody's Family Clothing, Inc., an apparels retailer. The loan will be used for working capital needs as the company restructures under Chapter 11. GE Capital Markets arranged the transaction.
