DANBURY, Conn.--(BUSINESS WIRE)--Richard Laxer, a 22-year GE veteran, has been named president and CEO of GE Capital Solutions, one of the company's largest financial services businesses, with leasing, financing and asset management operations in 30 countries and assets of more than $92 billion.
In his new position, Laxer, 45, will report to GE Vice Chairman Mike Neal.
CHICAGO--(BUSINESS WIRE)--GE Antares today announced it is serving as the administrative agent for a $145 million senior secured credit facility for the refinance of totes>>Isotoner® Corporation ("totes" or the "Company"), a portfolio company of Bruckmann, Rosser, Sherrill & Co. L.L.C. ("BRS"), and the purchase of the assets of the ESNY division of E.S. Originals Inc. GE Capital Markets served as sole lead arranger and bookrunner.
MONTREAL--(BUSINESS WIRE)--Nearly 70 percent of trucking business leaders believe that fuel prices are placing the business at risk, according to an international survey of 1,200 trucking industry leaders in Canada, the U.S., U.K. and France. The survey, commissioned by GE Capital Solutions, a leading provider of financing for the commercial trucking industry, also reveals that driver shortages (69 percent) and excessive regulation (40 percent) are top threats to business performance.
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LONDON--(BUSINESS WIRE)--GE Commercial Finance has extended a five-year, non-recourse trade receivables factoring facility with a credit line of EUR 800m to KME Group S.p.A. GE will purchase and manage KME's receivables across Europe. The deal is GE's largest pan-European factoring transaction.
University's Proceeds to Help Fund Alumni Legacy Scholarship Program.
STAMFORD, Conn.--(BUSINESS WIRE)--Boston College, one of the nation's leading institutions of higher learning, has selected GE Money, the consumer lending unit of General Electric Company (NYSE:GE), to provide an affinity credit card product to the university's alumni, graduate students, graduating seniors, faculty and staff.
STAMFORD, CT. & LINDEN, N.J.--(BUSINESS WIRE)--The proposed project announced earlier today will consist of the design, construction, and operation of three Variable Frequency Transformers. Power will be transmitted through an existing cable running in bedrock 60 feet beneath the Arthur Kill waterway.
The corrected release reads:
GE TO AUCTION ELECTRIC TRANSMISSION CAPACITY FOR NEW YORK CITY FROM PROPOSED NJ TRANSMISSION PROJECT
CHICAGO--(BUSINESS WIRE)--GE today announced that Jay Wileman has been named president and CEO of GE Equipment Services, Rail Services. Mr. Wileman will be responsible for the growth of the business through the development of new service offerings and global expansion while managing and growing its railcar and intermodal fleets.
He succeeds Ted Torbeck, who has moved to GE's Corporate unit to lead cost and growth initiatives.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that it has served as administrative agent for a $95-million cash flow credit facility to support the acquisition of US Corrugated (formerly known as Lin Pac, Inc.), a vertically integrated corrugated packaging producer, from LINPAC Group Limited, U.K. GE will also provide interest rate risk management products and services.
NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance -- Corporate Lending today announced that it has served as administrative agent for a $95-million cash flow credit facility to support the acquisition of US Corrugated (formerly known as Lin Pac, Inc.), a vertically integrated corrugated packaging producer, from LINPAC Group Limited, U.K. GE will also provide interest rate risk management products and services.
