EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--GE Capital Solutions Fleet Services has processed more than $5.7 million in rebates for its customers that lease hybrid or alternative fuel motor vehicles since implementing a rebate program. The rebate program is designed for customers that make significant investments in new technology to improve their environmental performance.
Vancouver, BC -- November 25, 2008 -- Plutonic Power Corporation (PCC: TSX) joined with GE Energy Financial Services, a unit of GE (NYSE: GE), today in submitting two bids for hydroelectric power projects costing more than $4 billion, which would be Canada's largest single private sector hydroelectric generation investment.
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NEW YORK--20 November 2008-- The Peacock Equity Fund, the joint venture between GE Capital's Media, Communications & Entertainment finance business and NBC Universal, today announced that Ben Silverman has joined the fund's Board of Directors. Silverman, the Co-Chairman of NBC Entertainment and NBC Universal Television Studio, brings his experience in media, production, and advertising to help identify media investment opportunities for the $250 million fund, which has offices in New York, London, and Singapore.
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20 November 2008
GE Co-Leads $400 Million Credit Facility for JBS USA, Inc.
NORWALK, Conn.--20 November 2008-- GE Capital's Corporate Lending business today announced it co-led a $400 million asset-based credit facility for JBS USA, Inc., the U.S. subsidiary of JBS S.A., the world's largest beef producer and exporter. The loan will be used for working capital needs. GE Capital Markets acted as co-lead arranger on the transaction.
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Ann Arbor, Mich. -- Nov. 19, 2008 -- Bolstering its contribution of high-efficiency and cost-saving generators to the $37 billion wind industry, Danotek Motion Technologies has raised $14.5 million from CMEA Ventures, StatoilHydro (NYSE: STO) unit StatoilHydro Venture and GE (NYSE: GE) unit GE Energy Financial Services. Danotek's generators can spur the wind equipment market by increasing wind turbines' efficiency, while radically reducing their maintenance and operating costs.
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GE Capital Solutions Fleet Services' general manager of its telematics solutions program, Stephen Ulanoski, addressed improving customer relationship management (CRM) systems through real-time time business intelligence at the seventh annual Logistics & Fleet Management Systems USA Conference.
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NORWALK, Conn.--12 November 2008-- Michael Chen, President and CEO of GE Commercial Finance- Media, Communications & Entertainment (MCE), recently received The Executive Council's 2008 New York Ten Award™ for "Dealmaker of the Year". The Executive Council, the premier business forum for leaders and innovators, announced the winners at the Ten Awards Gala held on October 28, 2008 at Cipriani Wall Street. Other 2008 New York Ten Award™ winners included Shelly Lazarus, CEO of Ogilvy & Mather Worldwide and a GE Board member, for "CEO of the Year".
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CHICAGO--12 November 2008-- GE Antares Capital today announced it served as administrative agent for a $200 million asset-based credit facility to support the acquisition of Pittsburgh Glass Works, LLC by affiliates of Kohlberg & Company. GE Capital Markets served as sole lead arranger.