NORWALK, Conn.--(BUSINESS WIRE)--March 1, 2005--GE Commercial Finance Corporate Lending today announced that Gerard Hanabergh has been named Managing Director of the Business Credit group. He will be based in Norwalk, Conn. He succeeds Andrew Waterson, who has been named Managing Director, Corporate Lending West Region, based in Beverly Hills, Calif.
FORT WAYNE, Ind.--(BUSINESS WIRE)--Feb. 25, 2005--The Medical Protective Company (Medical Protective), Texas' leading admitted primary medical professional liability insurer, announced today that it will not take an overall rate increase in 2005.
President and Chief Executive Officer Timothy Kenesey said overall rates for Texas physicians would remain at levels set last July.
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NORWALK, Conn.--(BUSINESS WIRE)--Feb. 24, 2005--GE Commercial Finance Global Media & Communications today announced that it has named Chris Pagano as senior vice president, origination. In this capacity, he will be responsible for originating debt and lease transactions in the domestic telecommunications sector.
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DALLAS--(BUSINESS WIRE)--Feb. 15, 2005
CashWorks, Inc., a GE Consumer Finance company and leading provider of automated check-cashing and prepaid solutions, announced today it has reached an agreement to roll out its proprietary system to 430 Kum & Go Convenience Stores in 13 Midwestern and Western states.
The addition of the Kum & Go chain has pushed the number of CashWorks locations to more than 3,500, with an annualized growth rate of close to 300 percent.
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Feb. 15, 2005--"At the Customer, For the Customer" (ACFC), the innovative GE program that brings the vast resources and management tools of GE to individual customers, has expanded with new participants, including McDonald's. One of the largest global food service retailers, McDonald's took part in GE Commercial Finance, Franchise Finance (GEFF)'s ACFC program designed to share best practices, deepen relationships and help customers grow.
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DALLAS--(BUSINESS WIRE)--Feb. 14, 2005--GE Commercial Finance Corporate Lending announced that it has named Paul W. Patrick as Senior Vice President of origination for the Texas market. Mr. Patrick will be responsible for new business development initiatives as part of a 10-person team based in Dallas.
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Feb. 11, 2005--GE Commercial Finance Fleet Services has introduced Time2Sell(SM), a web-based vehicle replacement product that can deliver significant savings to fleet customers. Time2Sell(SM) applies powerful analytics to Fleet Services' comprehensive database to help customers make better, more informed, vehicle replacement decisions.
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NORWALK, Conn.--(BUSINESS WIRE)--Feb. 10, 2005--GE Commercial Finance Corporate Lending announced it has provided a $30 million senior secured credit facility to western wear manufacturer and distributor Arena Brands, Inc. The financing replaces an existing facility previously arranged by GE Commercial Finance. The transaction closed on January 7.
GE Commercial Finance is the sole lead arranger, agent and a lender for the transaction and will hold half the facility.
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February 09, 2005 -- BANGALORE, India - India's new low-cost carrier, SpiceJet, today announced the purchase of 10 firm, 10 options CFM56-7B-powered Boeing 737-800 aircraft. The engine order is valued at approximately $120 million at list price.
CFM56-7B engines are produced by CFM International (CFM), the world's leading transport aircraft engine supplier and a 50/50 joint company of Snecma Moteurs and General Electric Company.
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