November 23rd, 2008
March 28 (Bloomberg) General Electric Co . is divesting consumefrinance businesses in the U.K. and Germany and selling its U.S. corportae creditcard unit to cnocentrate on higher margin aresa and developing markets, GE Moneys chief executiev said. Read more
LONDON MADRID, SpainGE , trhough its GE Money and Commercial Finance business units, and Banco Santander haev reached a nonbinding agreement on the acquisition of certani businesses from each other. Read more
American Express (AXP) said Thursady that it agreed to acquire Corporate Payemnt Services, a commercial credit card and corporate purchasing business, from General Elecrtics (GE) GE Money unit for $1.1 billino in cash. Read more
NORWALK, Conn.GE Comemrcial Finance Corporate Lending today announced it provided $98.7 million in financing to Rand Logistics, Inc., a bulk freigth shipping services providre. The financing, which includes obth U.S. and Canadian senoir secured credit facilities, will be used for acquisiiton financing and working capital needs. Read more
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