General Electric announced H. Lawrence Culp, Jr. has been named Chairman and Chief Executive Officer by a unanimous vote of the GE Board of Directors, effective immediately. Additionally, the GE Board has appointed Thomas W. Horton as Lead...
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October 01, 2018, 07:10 AM
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The Wall Street Journal reported that GE may be seeking to exit from its railroad business as new Chief Executive John Flannery seeks to steamline the company. According to the WSJ report, the company is exploring options for the GE Transportatin...
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October 27, 2017, 07:05 AM
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GE announced that it has sold its remaining 15.5% equity stake in Penske Truck Leasing Co, L.P., to Penske Automotive Group, Inc. (PAG) and MBK USA Commercial Vehicles, Inc. (MBK), a subsidiary of Mitsui & Co., Ltd. Total proceeds are approximately...
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September 08, 2017, 07:06 AM
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GE announced the completion of the previously announced combination of GE’s oil and gas business with Baker Hughes. Baker Hughes, a GE company is the first and only company to bring together industry-leading equipment, services and digital solutions...
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July 05, 2017, 06:43 AM
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Fox Business reported a lawsuit against General Electric Company's Finance unit over its relationship with Thomas Petters will move to trial. According to the Fox Business report, Judge Paul Hyman refused to dismiss the federal lawsuit that accused...
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June 16, 2017, 07:22 AM
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GE announced its GE Additive business will collaborate with GE Capital to sell and finance metal additive machines. Manufacturing companies will now have more ways to access transformative 3D printing technology, spurring growth in several critical...
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January 05, 2017, 07:30 AM
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GE announced that it has completed the spin-off and merger of Bank BPH’s Core Bank to Alior Bank, representing aggregate ending net investment (ENI) of approximately $3.6 billion at the end of the third quarter 2016. GE Capital retains the Bank BPH...
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November 07, 2016, 07:00 AM
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GE and Baker Hughes announced that the companies have entered into an agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment...
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October 31, 2016, 07:15 AM
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GE announced that it has completed the sale of its remaining 20% stake in the Hyundai Capital Services (HCS) joint venture through a structured asset-backed security, representing aggregate ending net investment (ENI) of approximately $0.8 billion as...
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October 17, 2016, 07:00 AM
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GE announced that it has completed the sale of GE Capital’s U.S. restaurant financing assets, through a series of separate transactions with regional buyers first announced in June 2016. These combined transactions represent an ending net investment...
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September 20, 2016, 07:00 AM
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GE announced that Richard A. Laxer, GE Capital International president and CEO, will lead GE Capital effective September 1, 2016 as President and CEO. Keith S. Sherin, GE vice chairman and GE Capital chairman and CEO, will retire from GE effective...
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August 31, 2016, 07:15 AM
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GE announced that it has signed and closed the sale of a 14.4% limited partner interest in Penske Truck Leasing Co., L.P., a full-service truck leasing, rental, and logistics business, to Penske Automotive Group, Inc. The sale represents ending net...
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July 29, 2016, 07:19 AM
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GE has entered into separate agreements with three buyers to sell the bulk of GE Capital’s U.S. restaurant franchise financing assets. The combined transactions represent ending net investment (ENI) of approximately US$1.4 billion as of first quarter...
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June 28, 2016, 07:12 AM
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GE announced on April 1, 2016 that it has completed the previously announced sale of its commercial lending and leasing business in Japan, including Capital Finance, Fleet Services and Vendor Finance, to Sumitomo Mitsui Finance and Leasing Company...
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April 04, 2016, 07:04 AM
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GE continues to quickly and successfully execute the transformation of GE Capital into a smaller, more focused financial services firm. Today, GE filed its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s...
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March 31, 2016, 07:34 AM
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GE and State Street Corporation announced an agreement for State Street to acquire GE Asset Management (GEAM), GE’s investment management arm, for up to $485 million, subject to adjustments. This announcement follows GE’s previous announcement in...
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March 31, 2016, 07:25 AM
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GE announced that its headquarters will be located in the Seaport District of Boston along Necco Street. The property is under agreement to be purchased from P&G and sits at the edge of its 44 acre South Boston campus—at 5 and 6 Necco Way...
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March 25, 2016, 07:12 AM
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GE announced that it has selected Boston for its corporate headquarters location.“GE aspires to be the most competitive company in the world,” said GE Chairman and CEO Jeff Immelt. “Today, GE is a $130 billion high-tech global industrial company, one...
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January 14, 2016, 07:15 AM
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GE (NYSE:GE) has signed an agreement to sell its commercial lending and leasing business in Japan, including Capital Finance, Fleet Service and Vendor Finance, to Sumitomo Mitsui Finance and Leasing (SMFL), a member of Sumitomo Mitsui Financial Group...
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December 15, 2015, 07:10 AM
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GE announced that it has completed more than $100 billion in previously announced portfolio and business unit sales as part of its strategy to significantly reduce the size of GE Capital and apply for de-designation as a systemically important...
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December 10, 2015, 07:05 AM
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GE has signed an agreement to sell its equipment lending and leasing business in Mexico to Linzor Capital Partners, a leading pan-regional private equity firm that focuses on Latin American middle market investments. The transaction includes...
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December 07, 2015, 07:10 AM
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According to a Dow Jones Business News report on NASDAQ, Sumitomo Mitsui Financial Group is set to enter exclusive talks to buy GE's Japan leasing business, a person familiar with the matter said Friday. SMFG's offer values the business at more than...
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November 13, 2015, 07:09 AM
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GE has reached an agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand (A&NZ) to Sankaty Advisors, the global credit affiliate of Bain Capital, advised and partially financed by Deutsche Bank. The...
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November 09, 2015, 07:10 AM
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Bloomberg reported General Electric beat analysts’ third-quarter earnings estimates, buoyed by gains in the aviation and transportation units. However, sales fell short of projections. According to the Bloomberg report, GE’s oil and gas revenue...
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October 16, 2015, 08:00 AM
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GE has reached an agreement to sell GE Capital’s global Commercial Distribution Finance, North American Vendor Finance and Corporate Finance platforms to Wells Fargo. The sale includes ending net investment (ENI) of approximately $30 billion (about...
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October 13, 2015, 11:05 AM
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According to an exclusive Reuters report, GE is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co, according to a person familiar with the matter.According to the Reuters report, Wells Fargo has...
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October 12, 2015, 07:15 AM
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GE announced that it has reached an agreement to sell its fixed-wing Corporate Aircraft financing portfolio in the Americas to Global Jet Capital, a provider of financing solutions for the private aircraft market. “We are excited to sell our...
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October 06, 2015, 07:15 AM
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Trian Fund Management, L.P. disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trian’s largest investment.Trian Principals Nelson...
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October 05, 2015, 07:50 AM
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GE [NYSE:GE] has completed the previously announced sale of its European Sponsor Finance business, representing aggregate ending net investment (ENI) of approximately US$2.1 billion, to Sumitomo Mitsui Banking Corporation Europe (SMBCE). GE has also...
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September 17, 2015, 07:05 AM
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Bloomberg reported KKR & Co. and Apollo Global Management are seeking to acquire GE's inventory finance arm, a unit with $11 billion in assets people familiar with the matter said.According to Bloomberg, the buyout firms made bids two weeks ago for...
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September 14, 2015, 07:07 AM
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GE announced that it has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO). “With the sale of our Transportation Finance business to BMO, we have again found a buyer with...
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September 11, 2015, 07:30 AM
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Reuters reported Japanese banks are among bidders for GE's local commercial lending and leasing operation, sources told Reuters on Friday.According to the Reuters report, Orix Corp. and the leasing units of Sumitomo Mitsui Financial Group, Mitsubishi...
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September 04, 2015, 08:00 AM
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Bloomberg reported Wells Fargo has emerged as the front-runner to buy GE's railcar-financing unit, people with knowledge of the matter said.According to the Bloomberg report, an agreement to buy the business, with more than $4 billion in assets...
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August 28, 2015, 07:08 AM
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GE announced that it has completed the previously announced sale of its U.S. Sponsor Finance business and a bank loan portfolio, representing aggregate ending net investment (ENI) of approximately $10 billion, to Canada Pension Plan Investment Board...
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August 24, 2015, 07:06 AM
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Bloomberg reported that General Electric has held exploratory talks about relocating its headquarters to Atlanta from Connecticut, according to people familiar with the matter.According to the Bloomberg report, GE may meet with developer Tishman...
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August 20, 2015, 07:10 AM
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GE announced that it has reached an agreement to sell $8.5 billion of healthcare-related loans and its Healthcare Financial Services (HFS) U.S. lending business to Capital One for approximately $9 billion. Separately, GE has signed an agreement with...
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August 12, 2015, 07:15 AM
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In an exclusive report, Reuters reported Capital One Financial is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter.According to the...
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August 07, 2015, 07:15 AM
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Bloomberg reported Capital One Financial Corp. and Apollo Global Management are poised to make final bids for General Electric Co.’s health-care finance unit, people with knowledge of the matter said.According to the Bloomberg report, final offers...
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July 27, 2015, 07:05 AM
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The Federal Reserve Board on Monday issued a final order that establishes enhanced prudential standards for General Electric Capital Corporation (GECC), a nonbank financial company designated by the Financial Stability Oversight Council (FSOC) for...
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July 21, 2015, 07:15 AM
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Bloomberg reported General Electric Co. is getting more bullish about profit prospects from industrial operations as Chief Executive Officer Jeffrey Immelt accelerates efforts to shrink the GE Capital finance unit.According to the Bloomberg report...
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July 17, 2015, 07:11 AM
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Bloomberg reported General Electric will seek initial bids for its Japanese leasing business in late August, said people with knowledge of the situation.According to the Bloomberg report, GE will distribute documents with information on the business...
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July 10, 2015, 07:11 AM
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In an 8-K filing, GE provided an update on the charges the company has taken in connection with its plan to exit most GE Capital assets over the next couple years. According to the 8K filing, on April 10, 2015, General Electric Company ("GE")...
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July 08, 2015, 06:17 AM
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Reuters reported GE Capital Chief Executive Keith Sherin told Reuters in an interview Tuesday that he expects the pace of GE Capital asset sales will accelerate in the third quarter.Reuters notes that a hefty portion of the businesses that have yet...
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July 01, 2015, 07:11 AM
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GE announced that Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) has made an agreed offer to acquire GE’s European Sponsor Finance business for approximately US$2.2...
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June 30, 2015, 07:10 AM
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GE announced today that it has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corporation for US$6.9 billion. Separately, GE has signed a memorandum of understanding for the potential...
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June 29, 2015, 07:10 AM
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Bloomberg reports that Capital One Financial Corp. and Apollo Global Management have made offers for General Electric Co.’s health-care finance unit, which could fetch more than $11 billion, according to people familiar with the matter.In addition...
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June 26, 2015, 07:10 AM
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The Wall Street Journal reported Sumitomo Mitsui Financial Group (SMFG) is interested in General Electric's U.S. railway-leasing business, according to people familiar with the matter. According to The Wall Street Journal report, GE Capital Rail...
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June 23, 2015, 07:15 AM
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Bloomberg reported Wells Fargo and Toronto-Dominion Bank are exploring offers for a batch of U.S. commercial-lending businesses.According to the Bloomberg report, Capital One Financial Corp. and U.S. Bancorp are also weighing bids for the businesses...
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June 12, 2015, 07:10 AM
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GE announced today that it has reached an agreement to sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at approximately $12 billion.“We are excited to...
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June 09, 2015, 07:00 AM
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Bloomberg reported GE. is poised for a $12 billion deal as soon as Monday to sell more than half of its U.S. private-equity lending arm to Canada Pension Plan Investment Board while Ares Management LP seeks to buy the rest of that business, people...
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June 08, 2015, 07:10 AM
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Bloomberg reported General Electric has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its health-care, railcar and franchise finance divisions, according to people with...
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June 04, 2015, 07:16 AM
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Reuters reported that General Electric is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday.Reuters reported that...
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May 28, 2015, 07:07 AM
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GE said that it is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., Bloomberg reported citing people familiar with the matter.Quoting the people, the Bloomberg report said that no deal...
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May 27, 2015, 07:20 AM
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Bloomberg reported General Electric is running ahead of schedule on its plan to shed the bulk of its lending unit, with about $100 billion of assets to be unloaded this year.The Bloomberg report notes Chief Executive Officer Jeffrey Immelt stated he...
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May 21, 2015, 07:10 AM
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The Wall Street Journal reports General Electric Co. is putting its $5 billion Japanese commercial finance operation, a key piece of GE Capital’s Asia operations, up for sale according to people familiar with the situation.According the The Wall...
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May 13, 2015, 07:12 AM
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The Wall Street Journal reports that General Electric Co. has taken steps to prevent key employees at GE Capital from leaving the company offering retention bonuses to select executives, according to people familiar with the matter. The Wall Street...
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May 08, 2015, 07:12 AM
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Reuters reported that General Electric is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.According to...
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April 21, 2015, 07:04 AM
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GE announced the appointment of three new Company officers. Effective January 1, 2015, GE will have 195 officers globally who lead large revenue-generating businesses or are in critical technology or functional roles, helping to drive growth.Michael...
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December 24, 2014, 07:00 AM
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GE Chairman and CEO Jeff Immelt announced the appointment of John Flannery as president and CEO of GE Healthcare succeeding John Dineen, who is leaving GE. The appointment is effective immediately. Flannery, 53, most recently was senior vice...
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October 07, 2014, 06:48 AM
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GE announced today second-quarter 2014 operating earnings of $3.9 billion, with operating earnings per share of $0.39, up 8% from the second quarter of 2013. GAAP earnings from continuing operations were $3.6 billion, with earnings per share of $0.35...
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July 18, 2014, 07:02 AM
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First Solar, Inc. and GE’s Power Conversion business are utilizing their recently established technology and commercial partnership to develop a more cost-effective and productive utility-scale PV power plant design that combines First Solar’s...
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March 20, 2014, 06:46 AM
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GE announced today fourth-quarter 2013 operating earnings of $5.4 billion, with earnings per share of $0.53, up 20% from the fourth quarter of 2012. GAAP earnings from continuing operations were $5.0 billion, with earnings per share of $0.49, up 20%....
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January 17, 2014, 07:00 AM
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GE announced Michael F. Silva has been appointed vice president, chief regulatory officer & compliance leader, GE Capital. He starts on December 2 and will report operationally to GE Capital Chairman & CEO Keith Sherin and functionally to GE's...
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November 25, 2013, 07:03 AM
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According to GE's latest Technology & Business Services Industry Research Update, revenue and earnings expectations for most public tech vendors remain uncharacteristically subdued heading into the normally easonally strong 4th quarter. Slow...
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November 22, 2013, 06:55 AM
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According to a regulatory filing, General Electric Company (GE) announced that it intends to pursue an initial public offering (IPO) of its North American Retail Finance business (Retail Finance) as a first step in a staged exit from that business....
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November 18, 2013, 07:09 AM
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GE announced today third-quarter 2013 operating earnings of $3.7 billion, or $0.36 per share, down 3% and flat respectively from the third quarter of 2012. Excluding restructuring and other charges, operating EPS was $0.40. GAAP earnings from...
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October 18, 2013, 07:00 AM
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GE announced Marisa Harney has been appointed vice president and chief risk officer of GE Capital Americas, GE Capital’s North American lending and leasing business. In this role, Marisa will lead the independent risk team responsible for managing...
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August 08, 2013, 07:02 AM
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GE released the following eulogy in honor of Dennis Dammerman, the youngest CFO in GE history, who passed away this week at the age of 67.
In 1982, a math graduate with a fresh MBA from Harvard walked into the office of a young GE executive named...
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July 25, 2013, 07:04 AM
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Reuters reported the U.S. financial risk council on Tuesday said it has designated American International Group and GE Capital as systemically risky, bringing them under stricter regulatory oversight. The Financial Stability Oversight Council's...
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July 10, 2013, 07:00 AM
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Bloomberg reported that GE Capital and American International Group Inc. (AIG) will not fight a decision by regulators that they pose potential risks to the economy.The Bloomberg report quotes Russel Wilkerson, a spokesman for GE Capital saying, “We...
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July 03, 2013, 07:05 AM
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GE Capital, Corporate Finance announced that the teams specializing in the purchase and sale of equipment loans and leases in the secondary market will now collectively report to Lou Vigliotti, senior managing director, Capital Markets. The...
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June 18, 2013, 07:00 AM
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Chairman and CEO Jeff Immelt announced the appointment of Keith Sherin as chairman and CEO of GE Capital, succeeding Mike Neal, who is retiring. Immelt also announced that GE Capital CFO Jeff Bornstein will succeed Sherin as CFO of GE. The...
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June 13, 2013, 06:45 AM
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Bloomberg reported General Electric Co. (GE) Chief Financial Officer Keith Sherin will take over as head of GE Capital as soon as this summer, according to a Wall Street Journal report. According to the report, Mike Neal plans to step down as GE...
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June 10, 2013, 07:00 AM
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The Wall Street Journal reported that Michael Neal, GE Capital Chief Executive, said that he expects the the finance unit to be designated “systemically important” by U.S. financial regulators soon.
According to the Wall Street Journal report...
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June 03, 2013, 07:05 AM
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Bloomberg Businessweek said that according to a Wall Street Journal report, General Electric is evaluating successors to Michael Neal, who may step down as chief executive officer and chairman of GE Capital as soon as this summer. The management...
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May 30, 2013, 07:15 AM
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Bloomberg reported General Electric is considering spinning off parts of its finance unit through an initial public offering. According to Bloomberg, while speaking at the Electrical Products Group Conference in Longboat Floriday yesterday, Immelt...
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May 23, 2013, 07:11 AM
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GE announced today that the Board of Directors of GE Capital Corporation (GECC) had approved plans for GECC to pay $6.5 billion in dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee...
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May 20, 2013, 07:15 AM
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GE Capital’s Equipment Finance business, a long-time provider of wholesale and retail financing for equipment manufacturers, is establishing a business development group, led by 28-year GE Capital veteran Jim Kelly. He adds this new role to his...
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April 23, 2013, 07:23 AM
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According to the March 2013 GE Capital Technology & Business Services Industry Research Update, the early outlook for 2013 remains conservative among most technology original equipment manufacturers (OEMs) which are calling for “positive yet tepid...
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March 11, 2013, 07:15 AM
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GE announced the sale of its remaining 49% common equity interest in its joint venture with Comcast, which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center, for $18.1 billion. Under the terms of the transaction, GE...
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February 13, 2013, 07:15 AM
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GE Capital, Corporate Finance announced the addition of Colin Guheen as a senior vice president on its food and beverage industry team, where he will underwrite and manage commercial finance for mid-sized companies across the U.S. Mr. Guheen comes to...
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February 01, 2013, 06:53 AM
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GE announced today third-quarter 2012 Operating Earnings of $3.8 billion, or $0.36 per share, up 10% and 50% respectively from the third quarter of 2011. Excluding the effects of the third-quarter 2011 preferred stock redemption, operating earnings...
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October 19, 2012, 07:30 AM
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Deutsche Bank and GE Aero Energy, a General Electric Company business that manufactures gas turbines and other power equipment, have announced their collaboration to introduce new risk management and working capital solutions for complex projects in...
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October 16, 2012, 06:24 AM
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Bloomberg reported that GE Capital is in the final stage of a regulatory review to determine if it needs extra scrutiny because of the risk that its potential failure would pose to the U.S. economy, two people with direct knowledge of the matter said...
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October 08, 2012, 07:52 AM
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U.S. chief financial officers (CFOs) of middle-market companies surveyed this summer remain generally positive about the state of their own industries and continue to see measured growth over the next three years, according to the latest GE Capital...
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September 28, 2012, 07:00 AM
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GE Capital Fleet Services today announced the appointment of Kristi Webb as president and chief executive officer. Webb replaces Clarence Nunn, who was recently appointed chief commercial officer for GE Capital, Americas. Webb was previously General...
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September 11, 2012, 06:44 AM
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GE Capital’s Commercial Distribution Finance (CDF) business announced it will be the strategic floorplan finance provider to Nautic Global Group, Inc. (NGG), a major U.S. boat manufacturer. The jointly developed program is available immediately to...
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August 08, 2012, 07:00 AM
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GE Capital, Commercial Distribution Finance (CDF) announced a new distribution finance program that allows HP reseller partners to extend their repayment terms when they buy certain HP products from select distributors.The new finance program, which...
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August 06, 2012, 07:00 AM
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GE announced today second-quarter 2012 Operating Earnings of $4.0 billion, up 7% from the second-quarter of 2011. GAAP earnings from continuing operations (attributable to GE) were $3.7 billion, up 2%. Revenues were $36.5 billion for the quarter, up...
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July 20, 2012, 07:44 AM
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A fleet of approximately 27,000 over-the-road trailers previously owned by Transport International Pool, Inc. ("TIP"), a subsidiary of General Electric Capital Corporation, was acquired by Wood Creek Capital Management ("Wood Creek"), Bowman Sales...
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July 20, 2012, 07:19 AM
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GE Capital’s Commercial Distribution Finance (CDF) business has agreed to provide Brammo Inc. with inventory financing to support the expansion of its dealer network in the U.S. The Ashland, OR-based manufacturer designs and develops electric...
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July 11, 2012, 07:00 AM
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GE Capital, Commercial Distribution Finance (CDF) today announced significant upgrades to its online inventory finance management tool used by dealers across a wide range of durable consumer products industries including recreational vehicles, marine...
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June 15, 2012, 07:00 AM
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The Wall Street Journal reported General Electric is considering breaking off large parts of its lending business in response to investor concerns that the conglomerate has become one of the largest banks in the U.S.Despite the recent strides made by...
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June 11, 2012, 08:00 AM
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Reuters reported GE Capital expects Europe's financial troubles to take a toll on its profitability but regards the risk as "manageable," the unit's head, Michael Neal, told an investor conference on Thursday.The report quotes Neal saying, "If trends...
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June 01, 2012, 06:30 AM
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Star Tribune reported that GE Capital has agreed to repay $19 million in interest and principal it received from the $3.65 billion Ponzi scheme orchestrated by Tom Petters, the former Wayzata businessman.According to the report, the settlement is the...
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May 31, 2012, 08:00 AM
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Reuters reported General Electric plans to continue shrinking its finance arm, pulling back from consumer finance and reducing its real estate holdings. According to the report, the company also expects GE Capital’s profit growth to be at a...
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May 24, 2012, 08:00 AM
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GE announced today that the Board of Directors of GE Capital Corporation (GECC) has declared a quarterly dividend of $475 million payable to its parent GE in the second quarter 2012. 2012 dividend payments, which are subject to GECC Board approval...
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May 16, 2012, 07:45 AM
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GE Capital’s Industry Research Monitor for Spring 2012 indicates the construction industry experienced small but consistent quarterly improvements in virtually all metrics providing positive momentum for 2012.According to the report, total...
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April 30, 2012, 08:10 AM
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The National Center for the Middle Market (NCMM) today announced that the middle market, a leading indicator of America's future competitiveness, grew at a rate of 8.4% in the past year, but expects future revenue growth will slow according to...
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April 26, 2012, 07:30 AM
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GE announced today first-quarter 2012 Operating Earnings of $3.6 billion, up 1% from the first-quarter of 2011. Operating EPS was up 17% excluding one-time items. GAAP earnings from continuing operations (attributable to GE) were $3.3 billion, down...
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April 20, 2012, 08:15 AM
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U.S. chief financial officers (CFOs) of middle-market companies have grown more positive about the state of their industries and businesses as well as the state of the domestic economy over the last six months, according to the latest middle-market...
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April 16, 2012, 07:30 AM
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Moody's Investors Service downgraded the senior unsecured debt rating of General Electric Company (GE) to Aa3 from Aa2 and the senior unsecured rating of its wholly-owned finance subsidiary, General Electric Capital Corporation (GECC), to A1 from Aa2...
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April 04, 2012, 07:45 AM
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Moody's Investors Service placed the Aa2 senior unsecured ratings of General Electric Company (GE) and General Electric Capital Corporation (GECC) under review for possible downgrade. The Prime-1 short-term ratings for both companies were affirmed....
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March 20, 2012, 08:00 AM
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