Search results
Results from the WOW.Com Content Network
GE Money Canada provided private label credit card and MasterCard card programs to consumers and lending options for retailers in key industries across the country. GE Money-Canada also was a provider of alternative residential mortgages and patient financing through its CareCredit unit. It was part of the Synchrony Financial spinoff in 2014.
In 2004, GE Money (formerly GE Consumer Finance), owned by General Electric, bought WMC Mortgage for about $500 million. [ 1 ] [ 2 ] WMC Mortgage catered to consumers with less than perfect borrower profiles.
GE sold its remaining stake in the company in February 2006 for $2.8 billion. [11] [12] [13] In June 2006, the company agreed to buy AssetMark Investment Services for $230 million. [14] In 2007, another GE Capital insurance company, First Colony Life Insurance Company, merged with the company's life insurance division and became the surviving ...
For premium support please call: 800-290-4726 more ways to reach us
What Happened. GE said its board of directors unanimously voted to remove John Flannery as chairman and CEO and replaced with H. Lawrence Culp Jr. In addition, the board named Thomas W. Horton, an ...
Another quarter of stellar results in GE's aviation business combined with no negative surprises elsewhere in the company helped GE stock surge following its Q4 earnings release.
GE Money buys Superbank's $500 million lending portfolio [18] 2007 GE Consumer & Industrial acquires Microwave Data Systems for US$600 million 2007 GE-Aviation acquires Smiths Aerospace for £2.4 billion 2007 GE Oil & Gas acquires Vetco Gray for US$1.9 billion. [19] [20] 2007 GE Plastics is sold to SABIC for US$11.6 billion. [21] 2008
General Electric Company (GE) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston. Over the years, the company had multiple divisions, including aerospace, energy, healthcare, lighting, locomotives, appliances, and finance.