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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Reuters reported General Electric has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, a source familiar with the situation said on Sunday.Reuters cites a report from The Wall Street Journal...
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June 01, 2015, 07:14 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 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 Capital’s Telecom, Media and Technology (TMT) financing business today announced it completed more than 30 transactions totaling $2.7 billion in financing during the first half of 2013. The TMT business addresses the financial needs of customers...
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August 23, 2013, 06:50 AM
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GE Capital’s Commercial Distribution Finance (CDF) business said it has seen positive trends in the Canadian marine, motorsports and recreational vehicle (RV) industries through the first half of the year. It expects favorable conditions to continue...
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August 13, 2013, 06:50 AM
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GE Capital, Corporate Finance announced that Janice Lajoie has been appointed senior vice president—equipment. She will be based in the Scottsdale, AZ, office where she will specialize in providing equipment financing solutions for businesses in...
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July 23, 2013, 07:02 AM
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GE announced today second-quarter 2013 operating earnings of $3.7 billion, down 8% from the second quarter of 2012. Revenues were $35.1 billion for the quarter, down 4% from the year-ago period.According to the report, GE Capital progressed with its...
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July 19, 2013, 07:10 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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BR Williams Trucking Inc., a trucking, warehousing and logistics company based in Oxford, AL recently completed a three-facility lighting retrofit project that shines more efficient light on 1.2 million square feet of warehouse space. GE Capital...
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June 28, 2013, 07:01 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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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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Forty-four percent of fleet managers cited maximizing productivity as their primary concern in managing their company’s truck fleet, according to a recent survey conducted by GE Capital Fleet Services.Highlighting fleet managers’ increased focus on...
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May 14, 2013, 07:00 AM
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GE stated it increased its workforce in Chicago by adding 500 jobs in the city since announcing the company’s commitment to grow its local employee base in May 2011.Of the 500 jobs, the majority have been within GE Capital; however, other GE...
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May 10, 2013, 07:11 AM
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GE Capital Equipment Finance has signed a three-year agreement to provide financing for commercial purchases of Global Electric Motorcars (GEM). Owned by Polaris Industries Inc., GEM produces electric low-speed vehicles that are typically used by...
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May 03, 2013, 07:15 AM
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Matrix Medical Network, the nation's leading provider of prospective health assessments for Medicare Advantage (MA) plan members, and GE Capital Fleet Services, have collaborated to create a fleet vehicle program to support Matrix's more than 500...
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April 25, 2013, 07:34 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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GE announced today first-quarter 2013 operating earnings of $4.1 billion, up 14% from the first quarter of 2012. GAAP earnings from continuing operations were $3.6 billion, up 13%. Revenues were $35.0 billion for the quarter, flat with the year-ago...
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April 19, 2013, 07:06 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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According to survey results released today by GE Capital, Equipment Finance, participants in the construction equipment industry are more optimistic about 2013, with 75 percent saying they expect retail sales of construction equipment to increase by...
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February 08, 2013, 07:30 AM
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GE announced today fourth-quarter 2012 operating earnings of $4.7 billion, up 13% from the fourth quarter of 2011. GAAP earnings from continuing operations were $4.3 billion, up 9%. Revenues were $39.3 billion for the quarter, up 4%, and $147.4...
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January 18, 2013, 07:31 AM
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A report from GE finds that the combination of networks and machines could add $10- to $15 trillion to the global GDP. According to the report, the Industrial Revolution radically changed the way we use energy and make things. The Internet...
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November 26, 2012, 07:59 AM
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GE Capital Retail Bank and The Toro Company recently announced a multi-year extension of their exclusive private label credit card program. GE Capital’s Retail Finance business, the operating entity that provides financial solutions to retailers and...
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November 08, 2012, 07:07 AM
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GE Capital, Franchise Finance provided a $74 million loan to Team Schostak Family Restaurants, an Applebee’s International, Inc. and Burger King® franchisee. The financing will be used to fund the acquisition of 65 new Applebee’s units. “GE Capital...
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November 06, 2012, 06:16 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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Bloomberg reported that according to Barlclays Plc., GE Capital is poised to become a better risk than JPMorgan Chase in the $24.8 trillion credit-default swap market for the first time in more than four years. The Bloomberg report quotes Brian...
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August 15, 2012, 07:42 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 Capital’s Office Imaging (OI) business announces the launch of the mobile version of Leasingsource, its comprehensive online sales productivity tool. OI dealers will be able to submit and track deals using iPads and iPhones and receive credit...
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July 27, 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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The Wall Street Journal/MarketWatch reported GE Capital, intends to grow its German leasing business substantially and has a four-year plan to at least double total assets in that segment, citing Joachim Secker, the chief executive of GE Capital...
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June 18, 2012, 07:50 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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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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In his annual letter to shareowners, Jeff Immelt, Chief Executive Office of GE said, “GE Capital has strengthened its balance sheet immensely,” adding, “Our Capital team has executed on every commitment it made during the financial crisis. We have...
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March 12, 2012, 07:30 AM
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