JACKSONVILLE, Fla.--(BUSINESS WIRE)--Nov. 23, 2004--WinWholesale, Inc., (WinWholesale) and Business Credit Services, a unit of GE that provides innovative, business-to-business finance programs, recently signed an exclusive agreement to provide receivables management and marketing solutions to WinWholesale customers, through an open account trade credit program. The new program will be introduced to WinWholesale's nationwide customer base and is expected to help the company extend its market reach, increase operating efficiencies, lower expenses and free working capital.
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NORWALK, Conn.--(BUSINESS WIRE)--Nov. 23, 2004--GE Commercial Finance Corporate Lending announced it has provided $173.5 million in financing to United States Steel Corporation (NYSE:X).
The financing commitment from GE Commercial Finance is part of $600 million senior secured revolving loan facility, for which GE served as Co-Lead Arranger, Co-Syndication Agent and Co-Collateral Agent. GE Commercial Finance will hold its entire financing amount. The U. S. Steel facility, which replaced an existing loan facility, closed on October 22nd.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Nov. 17, 2004--GE Insurance Solutions today announced the addition of expertise to its Property Insurance & Services, Global Asset Protection business unit.
The Property Insurance & Services Global Asset Protection team has had a great year, said Tim Heinze, Field Operations Leader. We've had the opportunity to add new field staff in key strategic locations around the world to help us deliver on our goal of unsurpassed customer service.
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BENTONVILLE, Ark.--(BUSINESS WIRE)--Nov. 11, 2004--SAM'S CLUB announced today it is launching the new Business All-In-One Card, combining the buying power of membership and credit into a single card. The new card will be offered to SAM'S CLUB Business Members and Business Plus Members throughout the U.S.
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LONDON--Nov. 10, 2004--Tony Buckle and Peter Tailby have been appointed to lead GE Insurance Solutions (NYSE:GE) Global Engineering Team. Buckle has been appointed Business
Leader for Global Engineering -- he was previously Risk Manager for GE Insurance Solutions Propert and Specialty Risks team. Tailby has been appointed Engineering
Underwriting Leader -- he joins the company from Royal & Sun Alliance. Both will be based in the company's London office.
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MOSCOW--(BUSINESS WIRE)--Nov. 9, 2004--GE Consumer Finance (GECF), the global consumer lending unit of General Electric Company
(NYSE:GE), today announced that it has completed its acquisition of DeltaBank, a Moscow-based Russian consumer bank. As previously announced GECF agreed to purchase DeltaBank from its majority shareholders, Delta Russia Fund and The U.S.-Russia Investment Fund, both managed by Delta Private Equity Partners. The purchase was subject to regulatory approvals, which have now been received.