Purchase to significantly increase Capital One's presence in credit and loyalty market
TORONTO, - Capital One Canada and GE Capital Retail Finance, the North American consumer lending unit of General Electric Company (NYSE:GE), today announced a definitive agreement under which Capital One Canada will acquire and service GE Capital's Hudson's Bay Company credit card portfolio and related assets, with outstanding receivables of approximately $1.3 billion.
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- Will oversee GE's non-U.S. operations with focus on high-growth markets
- More integrated local teams and intense market focus will accelerate GE global growth
FAIRFIELD, Conn. -- Nov. 8, 2010 -- The General Electric (NYSE: GE) Board of Directors has named John G. Rice to lead the company's global operations. Rice, a GE vice chairman since 2005, will be in charge of GE's growth outside the United States. Rice will relocate to Hong Kong and his appointment is effective Jan. 1, 2011.
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10-Year Contract Covers 127 GE 1.5-MW Wind Turbines in United Kingdom and Ireland
PERTH, Scotland--03 November 2010-- SSE Generation Ltd., the wholly owned generation business of SSE plc, has signed a comprehensive and flexible service agreement with GE (NYSE: GE) covering its fleet of 127 GE wind turbines in operation across the United Kingdom and Ireland.
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GE Capital today announced that Elmar Lukas has been appointed Managing Director, Equipment Financing for GE Capital in EMEA. The creation of the new role will support GE Capital's focus on growing and expanding its equipment financing business across Europe. Elmar will oversee the company's equipment financing portfolio and be responsible for leading and executing the equipment financing and leasing strategy across the region. He will report into Isabel Fernandez, Chief Commercial Officer for GE Capital in EMEA.