GE today released its financial reports for the first quarter of 2008 showing that revenue is up, orders are up, but the profit is unexpectedly down.
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American Express Co. agreed to buy General Electric Co.'s corporate charge-card unit for $1.1 billion in cash to expand lending for business customers.
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Spain's Santander said on Thursday it was selling Italian corporate banking arm Interbanca to General Electric in exchange for consumer finance units in a deal worth 1 billion euros ($1.7 billion).
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2007 Share Repurchase Program Increased to $14 billion; Record Orders of $25 billion, up 32%
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Former Nurse Sues General Electric Company, GE Healthcare, Inc. and GE Healthcare Bio-Sciences Corporation for Rare Disease Caused by the Drug Omniscan(TM), Through the Law Firm of Burg Simpson Eldredge Hersh & Jardine, P.C.
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GE Fanuc Embedded Systems today announced that its recent acquisition Radstone Embedded Computing had received authorization to disclose an extension to a Long Term Agreement (LTA) from General Dynamics Land Systems (GDLS), in respect of continuing supply of Radstone processor and graphics boards for the US Army's M1A2 Abrams tank Continuous Electronics Enhancement Program (CEEP) (now known as M1A2 SEP V2).
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Once again providing evidence of the company's market-leading commitment to developing single board computer solutions that not only offer outstanding performance in their own right but that also provide straightforward technology insertion opportunities for existing customers, GE Fanuc Embedded Systems today announced the PPC9A, the latest addition to the company's PowerXtreme family of 6U VME single board computers.
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GE Plastics has introduced three new high-tech materials to its growing portfolio of high-performance resins for the aircraft interiors industry: GE's Ultem 9085 resin, Noryl LS6010 resin, and Lexan FST9705 resin. Combined, these unique materials offer a variety of customer benefits for an array of aircraft interior applications.
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The Atlanta Braves and GE Money's Sales Finance unit have joined forces to introduce the first Major League season ticket financing program, making the process of ordering season tickets easier for Atlanta Braves fans.
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GE Commercial Finance Corporate Lending today announced it has provided a $365 million asset-based credit facility to WESCO Distribution, Inc., a leading distributor of electrical supplies and equipment.
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GE Antares today announced it acted as administrative agent for a $120 million first lien secured credit facility and a $50 million second lien secured credit facility to finance the recapitalization of York Tape and Label, Inc., a portfolio company of Wind Point Partners. GE Capital Markets served as lead arranger and bookrunner.
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