Keith Sherin, SVP and Chief Financial Officer, Mike Neal, Vice Chairman and CEO - GE Commercial Finance, and GE Commercial Finance leadership team hosted an analyst meeting to provide update on GE and GE Commercial Finance.
Location: Cipriani's, New York, New York
Keith Sherin, SVP and Chief Financial Officer, Mike Neal, Vice Chairman and CEO - GE Commercial Finance, and GE Commercial Finance leadership team hosted an analyst meeting to provide update on GE and GE Commercial Finance.
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Oct. 5, 2005--GE Commercial Finance Fleet Services announced today it signed an agreement on Oct. 4, 2005, to work with Denny Hecker's Walden/Rosedale Leasing (Walden Leasing) headquartered in St. Louis Park, Minn. to provide rental car companies with leasing and loan products that address the unique needs of the rental vehicle market. This agreement combines GE Commercial Finance Fleet Services' financial resources and suite of fleet management products with Walden Leasing's expertise and relationships in the rental car industry.
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NORWALK, Conn.--(BUSINESS WIRE)--Oct. 4, 2005--GE Commercial Finance today announced it has structured and arranged $440 million in senior financing to support the construction of the world's newest state-of-the-art steel mill. The funding was provided to SeverCorr LLC, a newly-formed partnership between SteelCorr, owned by steel industry veteran John Correnti, and Severstal Group.
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DAYTON, Ohio--(BUSINESS WIRE)--Oct. 3, 2005--GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE) and one of the world's leading consumer lenders, has signed a multi-year contract with cargo trailer manufacturer Wells Cargo to provide a new customer financing program.
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STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 3, 2005--GE Consumer Finance (GECF), the global consumer lending unit of the General Electric Company (NYSE: GE), announced today it has reached an agreement to acquire a majority interest in Keppel Bank Philippines (KBP) for US$25.8 million. The transaction, which was made through GECF's affiliate, GE Capital International Financing Corporation, is subject to regulatory approvals. Upon closing, GECF will assume operational control of the bank.
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NORWALK, Conn.--(BUSINESS WIRE)--Sept. 28, 2005--GE Commercial Finance Corporate Lending has named Dustin R. Weinberger vice president of origination for the Central Region. Based in Chicago, Illinois, Mr. Weinberger will be responsible for originating lending opportunities among middle market corporate customers throughout the state of Illinois. He will report to Roger Tauchman, senior vice president and team leader, Central Region, Corporate Lending.
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DAYTON, Ohio--(BUSINESS WIRE)--Sept. 23, 2005--Case Design/Remodeling, Inc. (www.casedesign.com) is introducing a new private label credit card specifically for home remodeling and improvement projects. The new Case Card will be serviced by GE Consumer Finance, Retail Sales Finance.