PHOENIX, Ariz.--(BUSINESS WIRE)--May 16, 2005--GE Insurance Solutions (NYSE: GE) chairman, president and CEO Ron Pressman told one of the nation's leading actuarial organizations that the insurance industry needs its active involvement and leadership to prosper consistently in the future.
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FARMINGDALE, N.Y.--(BUSINESS WIRE)--May 13, 2005--In recognition for its role assisting New York small businesses with financing intended to promote economic development, GE Commercial Finance, Business Property received the Empire State Gold Award for 2004 from Empire State Certified Development Corporation (ESCDC). ESCDC is the eighth-largest CDC in the United States and an affiliate of the New York Business Development Corporation (NYCDC).
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STAMFORD, Conn.--(BUSINESS WIRE)--May 12, 2005--GE Consumer Finance, one of the largest consumer lending businesses in North America, today announced that it would acquire a 49.99 percent stake in BAC International Bank Inc. (BAC), a privately held retail bank and credit card issuer based in Panama City, Panama. The transaction, which requires regulatory approvals, is expected to close in the next few months. The terms were not disclosed.
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LAKEWOOD, Colo.--(BUSINESS WIRE)--May 10, 2005--Driven by a state-of-the-art agent-training program, GE Auto Warranty Services continued to increase its number of active auto dealerships by 36 percent during a 12-month period.
The GE Auto Warranty Services agent certification course is an in-depth product, service and technology training program that is positively impacting agent productivity. More than 200 agents completed the program, increasing sales effectiveness, support and customer retention for dealers.
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CHICAGO--(BUSINESS WIRE)--May 10, 2005--Charles H. Luck Envelope, a business in the suburbs of Chicago, specializes in adhesive solutions. They don't make envelopes; they don't make glue; they simply apply the glue to envelopes for printers and other businesses.
Charles H. Luck started the company in 1896 and it changed hands several times before the new owner's father bought it 66 years later, maintaining the focus of the business.
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STAMFORD, Conn.--(BUSINESS WIRE)--May 5, 2005--GE Commercial Finance, the business-to-business financial services unit of the General Electric Company (NYSE: GE), today announced that it has agreed to sell Storage USA for $US2.3 billion in cash to a joint venture between Extra Space Storage Inc. (NYSE:EXR) and Prudential Real Estate Investors, which is acting on behalf of its institutional clients.
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STAMFORD, Conn.--(BUSINESS WIRE)--May 5, 2005--GE Commercial Finance, the business-to-business financial services unit of the General Electric Company (NYSE: GE), today announced that it has agreed to sell Storage USA for $US2.3 billion in cash to a joint venture between Extra Space Storage Inc. (NYSE:EXR) and Prudential Real Estate Investors, which is acting on behalf of its institutional clients.