GE Retirees, ge finance.#Ge #finance


GE Retirees Website

  • GE Benefits Gives you information on your GE Pay and Benefits. Consult the reference guide for further information on what’s available on benefits.ge.com and how to access the site.
  • GE Reports Offers the most up-to-date news and information about GE. You can also sign-up to receive email updates every time a new story is posted.
  • GE YouTube Channel Gives you access to more than 200 short videos that explain and showcase our people, innovations and strategy.
  • GE HealthAhead The GE HealthAhead portal is a resource full of realistic information, insight and encouragement with one goal in mind – get us on the road to healthier living.
  • LifeMart LifeMart is a private online marketplace featuring the biggest discounts from today’s most popular brands – up to 40% off more than 4 million products and services.

Stay connected with GE

Follow us on LinkedIn and Facebook.

GE Works

Be a part of the story of GE told by the employees, family members and retirees who make GE work. Tell us about how long you worked for GE, what roles you held, and the difference your work made on people, communities, and the world.

Ge finance

Ge finance

Ge finance

See how GE works.

Ge finance

Jobs at GE: There are currently 384 open positions worldwide .

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.


Business News, Personal Finance and Money News – ABC News, ge consumer finance.#Ge #consumer #finance


Sections

Yahoo!-ABC News Network | 2017 ABC News Internet Ventures. All rights reserved.

Business News

Top Business Stories

Dunkin’ Donuts doubles down on cookie flavors

Home Depot feels the wind at its back in third quarter

Amazon or Walmart? Some retailers are choosing alliances

US budget deficit up sharply to $63.2 billion in October

Latest Business Video

Price differences between shopping in stores and on the internet 1:07

How people are reacting to Amazon’s new in-home delivery service 2:30

Latest Business Headlines

US producer prices rise 0.4 percent in October, post biggest annual gain since 2012

Global stocks mostly slide after disappointing Chinese data

Samsung worker killed by brain tumor wins compensation case

Amazon or Walmart? Some retailers are choosing alliances

Buffalo Wild Wings stock soars on report of takeover offer

Business Highlights

Walmart.com teams up with upscale Lord Taylor

Light at the end of GE’s tunnel? Lighting, more, may be gone

Dunkin’ Donuts doubles down on cookie-inspired flavors for the holidays

Oil prices are up now, but surge might be short-term

Brookfield offers to buy GGP stake for more than $14B

This Week: Consumer prices, Wal-Mart earns, housing starts

Target CEO says he still sees many opportunities in retail

Equifax apologizes again, lays out costs going forward

US stocks on two-day losing streak as health stocks fall

Baxter and Equifax while Disney and JC Penney climb

Grain mostly higher,livestock lower

US rig count up by 9 this week to 907; Oklahoma gains 6

Grains higher, livestock mostly lower

The gaping US trade gap: A sign of weakness? Not necessarily


GE Capital Finance to be renamed Latitude Financial, ge consumer finance.#Ge #consumer #finance


GE Capital Finance to be renamed Latitude Financial

  • SHARE
  • Share on Facebook
  • Share on Twitter
  • Link

Ge consumer finance GE Capital Finance is the company behind some retailers interest free offers. Photo: Louise Kennerley

GE Capital Finance, the company behind Harvey Norman’s interest free offers and until recently Coles credit cards, has been renamed Latitude Financial Services by its new private owners.

Värde Partners, Deutsche Bank and KKR, which is finalising the $8.2 billion purchase of the biggest consumer retail finance company in the country, also said Sean Morrissey had been appointed CEO designate of Latitude.

Mr Morrissey has been GE executive since 2000, most recently as chairman and CEO of GE Money Bank in the Czech Republic.

“We are excited to have Sean join to head an already strong leadership team. Sean’s established record of growing businesses, proven leadership capabilities, and international experience will complement the local team’s deep Australian and New Zealand market knowledge and capabilities,” said said Ed Bostock, director of KKR Australia, said in a statement on behalf of the consortium.

“Working together, we are confident that they will maximise the company’s growth.”

Mr Morrissey and Mr Bostock refused to comment before the completion of the sale to the consortium.

“I am very excited by the growth potential of Latitude Financial Services and the opportunity we now have to further invest and build on its current strengths,” Mr Morrissey said in the statement.

“The business is a world-class company with deep customer relationships, innovative products, strong brands and an experienced and talented team of employees.”

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy.

Latitude offers personal loans, credit cards and interest free retail finance and has more than 2.5 million customers.

Once interest free periods end, rates kick in at close to 30 per cent.

Värde, KKR and Deutsche Bank won the bidding to buy GE Capital’s Australian and NZ consumer finance division in March. Rival consortia included Macquarie Group with non-bank lender Pepper Group. Rival consortia included Macquarie Group and non-bank lender Pepper Group; private equity house TPG with Liberty Financial; Blackstone’s tactical opportunities team, sovereign wealth fund, Singapore’s GIC, and Canada’s Ontario Teachers’ Pension Plan; and Apollo Asset Management.

Mr Bostock all of its products and services will remain under the company following its transition to a standalone business.

However, in May Wesfarmers ended a 20-year relationship with GE Capital following the deal when it bought out GE’s 50 per cent share of Wesfarmers Finance.

Wesfamers balance sheet is now used for all of Coles financial services, including credit cards, insurance and personal loans.

Latitude is also facing increasing competition from global and local online players.


GE Finance sold in record-setting deal, ge consumer finance.#Ge #consumer #finance


GE Finance sold in record-setting deal

In one of the largest transactions seen in Australia, a consortium of private equity firm KKR & Co, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital’s Australian and New Zealand consumer lending arm for $8.2 billion, the “enterprise value” of the business.

The actual amount paid for the business has not been disclosed.

The trio said they were attracted to a business with more than 3 million customers and a long-standing relationship with many of the big retailers in Australia and New Zealand.

“GE Capital is one of the most respected providers of consumer finance in Australasia,” KKR Australia director Ed Bostock said. “They are led by a strong management team with an outstanding track record of partnering with the leading retailers.”

General Electric Co has been shrinking its financial services arm GE Capital Corp. after it weighed down the group during the 2008-09 credit crisis.

GE has also disposed of its appliances unit, real estate holdings and a stake in NBCUniversal. The streamlined GE Capital finance unit is focusing on funding purchases of heavy equipment, lend money to mid-sized companies and to invest in commercial real estate.

“This transaction allows us to focus on our strategy to be the world’s premier infrastructure technology company with a speciality commercial financial services business,” GE Australia and New Zealand president and chief executive Geoff Culbert said.

“We will continue to work with our customers in key industries including oil and gas, energy, healthcare, aviation and mining.”

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy.

GE Capital Australia and New Zealand chief executive Duncan Berry said the company would continue to build its commercial mid-market lending portfolio and leasing businesses in the region.

GE Capital consumer business managing director Rachel Cobb said it would “grow our consumer finance business” as it seeks to work with existing customers and partners.

Negotiations for the transaction have continued for several months with others such as Wesfarmers and Macquarie Bank involved in competing consortiums vying to acquire the business.

The deal is the second multibillion-dollar transaction in Australia in a matter of weeks, coming in the wake of Japan Post agreeing to acquire Toll Holdings, the transport and logistics group, for $6.5 billion. Japan Post is to go public later this year.

GE’s Australian finance arm offers a range of services and products spanning personal loans, credit cards and also interest-free retail finance. It is a partner to several large retailers in providing their consumer finance loans. All of these products and services will remain under the company’s new ownership.

GE Australia said that after the sale, it will continue to provide commercial loans along with lending to the so-called mid-market, and also provide commercial lease financing.


GE Finance sold in record-setting deal, ge finance australia.#Ge #finance #australia


GE Finance sold in record-setting deal

In one of the largest transactions seen in Australia, a consortium of private equity firm KKR & Co, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital’s Australian and New Zealand consumer lending arm for $8.2 billion, the “enterprise value” of the business.

The actual amount paid for the business has not been disclosed.

The trio said they were attracted to a business with more than 3 million customers and a long-standing relationship with many of the big retailers in Australia and New Zealand.

“GE Capital is one of the most respected providers of consumer finance in Australasia,” KKR Australia director Ed Bostock said. “They are led by a strong management team with an outstanding track record of partnering with the leading retailers.”

General Electric Co has been shrinking its financial services arm GE Capital Corp. after it weighed down the group during the 2008-09 credit crisis.

GE has also disposed of its appliances unit, real estate holdings and a stake in NBCUniversal. The streamlined GE Capital finance unit is focusing on funding purchases of heavy equipment, lend money to mid-sized companies and to invest in commercial real estate.

“This transaction allows us to focus on our strategy to be the world’s premier infrastructure technology company with a speciality commercial financial services business,” GE Australia and New Zealand president and chief executive Geoff Culbert said.

“We will continue to work with our customers in key industries including oil and gas, energy, healthcare, aviation and mining.”

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy.

GE Capital Australia and New Zealand chief executive Duncan Berry said the company would continue to build its commercial mid-market lending portfolio and leasing businesses in the region.

GE Capital consumer business managing director Rachel Cobb said it would “grow our consumer finance business” as it seeks to work with existing customers and partners.

Negotiations for the transaction have continued for several months with others such as Wesfarmers and Macquarie Bank involved in competing consortiums vying to acquire the business.

The deal is the second multibillion-dollar transaction in Australia in a matter of weeks, coming in the wake of Japan Post agreeing to acquire Toll Holdings, the transport and logistics group, for $6.5 billion. Japan Post is to go public later this year.

GE’s Australian finance arm offers a range of services and products spanning personal loans, credit cards and also interest-free retail finance. It is a partner to several large retailers in providing their consumer finance loans. All of these products and services will remain under the company’s new ownership.

GE Australia said that after the sale, it will continue to provide commercial loans along with lending to the so-called mid-market, and also provide commercial lease financing.


GE Finance sold in record-setting deal, ge finance australia.#Ge #finance #australia


GE Finance sold in record-setting deal

In one of the largest transactions seen in Australia, a consortium of private equity firm KKR & Co, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital’s Australian and New Zealand consumer lending arm for $8.2 billion, the “enterprise value” of the business.

The actual amount paid for the business has not been disclosed.

The trio said they were attracted to a business with more than 3 million customers and a long-standing relationship with many of the big retailers in Australia and New Zealand.

“GE Capital is one of the most respected providers of consumer finance in Australasia,” KKR Australia director Ed Bostock said. “They are led by a strong management team with an outstanding track record of partnering with the leading retailers.”

General Electric Co has been shrinking its financial services arm GE Capital Corp. after it weighed down the group during the 2008-09 credit crisis.

GE has also disposed of its appliances unit, real estate holdings and a stake in NBCUniversal. The streamlined GE Capital finance unit is focusing on funding purchases of heavy equipment, lend money to mid-sized companies and to invest in commercial real estate.

“This transaction allows us to focus on our strategy to be the world’s premier infrastructure technology company with a speciality commercial financial services business,” GE Australia and New Zealand president and chief executive Geoff Culbert said.

“We will continue to work with our customers in key industries including oil and gas, energy, healthcare, aviation and mining.”

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy.

GE Capital Australia and New Zealand chief executive Duncan Berry said the company would continue to build its commercial mid-market lending portfolio and leasing businesses in the region.

GE Capital consumer business managing director Rachel Cobb said it would “grow our consumer finance business” as it seeks to work with existing customers and partners.

Negotiations for the transaction have continued for several months with others such as Wesfarmers and Macquarie Bank involved in competing consortiums vying to acquire the business.

The deal is the second multibillion-dollar transaction in Australia in a matter of weeks, coming in the wake of Japan Post agreeing to acquire Toll Holdings, the transport and logistics group, for $6.5 billion. Japan Post is to go public later this year.

GE’s Australian finance arm offers a range of services and products spanning personal loans, credit cards and also interest-free retail finance. It is a partner to several large retailers in providing their consumer finance loans. All of these products and services will remain under the company’s new ownership.

GE Australia said that after the sale, it will continue to provide commercial loans along with lending to the so-called mid-market, and also provide commercial lease financing.


GE Finance sold in record-setting deal, ge consumer finance.#Ge #consumer #finance


GE Finance sold in record-setting deal

In one of the largest transactions seen in Australia, a consortium of private equity firm KKR & Co, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital’s Australian and New Zealand consumer lending arm for $8.2 billion, the “enterprise value” of the business.

The actual amount paid for the business has not been disclosed.

The trio said they were attracted to a business with more than 3 million customers and a long-standing relationship with many of the big retailers in Australia and New Zealand.

“GE Capital is one of the most respected providers of consumer finance in Australasia,” KKR Australia director Ed Bostock said. “They are led by a strong management team with an outstanding track record of partnering with the leading retailers.”

General Electric Co has been shrinking its financial services arm GE Capital Corp. after it weighed down the group during the 2008-09 credit crisis.

GE has also disposed of its appliances unit, real estate holdings and a stake in NBCUniversal. The streamlined GE Capital finance unit is focusing on funding purchases of heavy equipment, lend money to mid-sized companies and to invest in commercial real estate.

“This transaction allows us to focus on our strategy to be the world’s premier infrastructure technology company with a speciality commercial financial services business,” GE Australia and New Zealand president and chief executive Geoff Culbert said.

“We will continue to work with our customers in key industries including oil and gas, energy, healthcare, aviation and mining.”

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy.

GE Capital Australia and New Zealand chief executive Duncan Berry said the company would continue to build its commercial mid-market lending portfolio and leasing businesses in the region.

GE Capital consumer business managing director Rachel Cobb said it would “grow our consumer finance business” as it seeks to work with existing customers and partners.

Negotiations for the transaction have continued for several months with others such as Wesfarmers and Macquarie Bank involved in competing consortiums vying to acquire the business.

The deal is the second multibillion-dollar transaction in Australia in a matter of weeks, coming in the wake of Japan Post agreeing to acquire Toll Holdings, the transport and logistics group, for $6.5 billion. Japan Post is to go public later this year.

GE’s Australian finance arm offers a range of services and products spanning personal loans, credit cards and also interest-free retail finance. It is a partner to several large retailers in providing their consumer finance loans. All of these products and services will remain under the company’s new ownership.

GE Australia said that after the sale, it will continue to provide commercial loans along with lending to the so-called mid-market, and also provide commercial lease financing.


GE Finance sold in record-setting deal, ge consumer finance.#Ge #consumer #finance


GE Finance sold in record-setting deal

In one of the largest transactions seen in Australia, a consortium of private equity firm KKR & Co, alternative investment manager Varde Partners and Deutsche Bank has agreed to buy GE Capital’s Australian and New Zealand consumer lending arm for $8.2 billion, the “enterprise value” of the business.

The actual amount paid for the business has not been disclosed.

The trio said they were attracted to a business with more than 3 million customers and a long-standing relationship with many of the big retailers in Australia and New Zealand.

“GE Capital is one of the most respected providers of consumer finance in Australasia,” KKR Australia director Ed Bostock said. “They are led by a strong management team with an outstanding track record of partnering with the leading retailers.”

General Electric Co has been shrinking its financial services arm GE Capital Corp. after it weighed down the group during the 2008-09 credit crisis.

GE has also disposed of its appliances unit, real estate holdings and a stake in NBCUniversal. The streamlined GE Capital finance unit is focusing on funding purchases of heavy equipment, lend money to mid-sized companies and to invest in commercial real estate.

“This transaction allows us to focus on our strategy to be the world’s premier infrastructure technology company with a speciality commercial financial services business,” GE Australia and New Zealand president and chief executive Geoff Culbert said.

“We will continue to work with our customers in key industries including oil and gas, energy, healthcare, aviation and mining.”

You will now receive updates from Business AM Newsletter

Business AM Newsletter

Get the latest news and updates emailed straight to your inbox.

By submitting your email you are agreeing to Fairfax Media’s terms and conditions and privacy policy.

GE Capital Australia and New Zealand chief executive Duncan Berry said the company would continue to build its commercial mid-market lending portfolio and leasing businesses in the region.

GE Capital consumer business managing director Rachel Cobb said it would “grow our consumer finance business” as it seeks to work with existing customers and partners.

Negotiations for the transaction have continued for several months with others such as Wesfarmers and Macquarie Bank involved in competing consortiums vying to acquire the business.

The deal is the second multibillion-dollar transaction in Australia in a matter of weeks, coming in the wake of Japan Post agreeing to acquire Toll Holdings, the transport and logistics group, for $6.5 billion. Japan Post is to go public later this year.

GE’s Australian finance arm offers a range of services and products spanning personal loans, credit cards and also interest-free retail finance. It is a partner to several large retailers in providing their consumer finance loans. All of these products and services will remain under the company’s new ownership.

GE Australia said that after the sale, it will continue to provide commercial loans along with lending to the so-called mid-market, and also provide commercial lease financing.


About GE in Australia & New Zealand, ge finance australia.#Ge #finance #australia


Ge finance australia Ge finance australia

Ge finance australia

GE works on the things that matter to Australia and New Zealand; inventing and delivering great technologies, fostering economic growth and creating customer value. In Australia and New Zealand GE operates eight businesses: GE Capital, GE Lighting, GE Aviation, GE Healthcare, GE Transportation ( Mining), GE Energy Connections, GE Power and GE Oil Gas.

In Australia New Zealand, GE announced industrial revenues (excluding GE Capital) of $3.6 billion in 2012. The Australian Capital business reported a 2012 headline profit of $552 million and in New Zealand, Capital reported a headline profit of $145 million (excluding one-off items).

GE has operated in Australia since 1896, providing infrastructure for Brisbane s tramway and the Pyrmont Bridge in Darling Harbour, which still operates today. GE Australia and New Zealand has almost 6,000 employees across more than 180 sites. GE s global Mining business is headquartered in Brisbane, with the regional hub for GE Oil Gas in Perth.

GE s Skills Development Center in Jandakot, Perth, Western Australia provides critical training to employees, customers and stakeholders particularly within the resources industry. A twenty million dollar, five-year strategic alliance with CSIRO (Commonwealth Scientific and Industrial Research Organization) is currently running 11 research projects across multiple streams including aviation, healthcare and energy.

GE Healthcare

GE provides about 35 percent of Australia s MRIs, x-rays, mammograms, ultrasounds, clinical monitoring systems and digital imaging systems to healthcare providers in Australia. In May 2013, GE extended access to its innovative medical solution, Flutemetamol – that can assist in the early identification of Alzheimer s disease, to clinicians in Perth.

GE Aviation

Every day, 70 percent of domestic flights are powered by GE jet engines. We help Qantas, Virgin and Jetstar fly thousands of people across Australia, as well as the world s longest scheduled flight for Qantas from Sydney to Dallas-Fort Worth, Texas. Extending a 20 year relationship with Qantas, in 2012 GE announced a $2 billion LEAP-1A engine order for the A320neo aircraft, the largest in the history of GE Aviation Australia. GEnx jet engines will also power the country s most environmentally friendly aircraft, the Qantas Dreamliner. GE s Required Navigation Performance (RNP) technology delivers annual fuel savings of more than $20 million dollars for Qantas flights by improving flight path accuracy.

GE Transportation

GE provides more than 70 per cent of the locomotives in the Pilbara in Western Australia and the Bowen Basin in Queensland, enabling our customers to transport Australia s biggest export items, iron ore and coal, to ports for worldwide distribution. In December 2012, GE Mining acquired mining equipment manufacturer, Industrea Ltd. The $700 million transaction includes equipment manufacturing and servicing operations in Australia and China allowing GE Mining to offer more efficient, highly productive and low-emission equipment to its global mining customers. GE Mining is headquartered in Brisbane.

GE Capital

Australia and New Zealand is one of GE Capital s largest markets, offering consumer finance products to over 3 million customers, with a presence in 1 in 3 Australian households. GE Capital is one of the largest lenders to mid-market companies, working with 1 in 4 mid-market businesses in Australia and partnering with more than 10,000 Australian retail outlets, providing consumer sales finance. In 2012, GE EFS and its JV partners opened Australia s first utility-scale solar project, the Greenough River Solar Farm. Ten times larger than any other solar project in the country, the project will help meet the State government s Renewable Energy Target (RET) of 20% by 2020.

GE Oil and Gas

One hundred percent of Australian LNG projects use GE equipment. As part of a 22-year, $600 million USD contractual services agreements, GE works with Chevron Australia Pty, Ltd. to maintain the compression trains, power generation and associated equipment of one of the world s largest natural gas developments, the Gorgon Project, as well as a broad range of technology services for QGC s Queensland Curtis LNG plant off the east coast of Australia. GE s steam turbine-driven compressors will be used in the world s largest floating LNG platform (FLNG) as part of the Shell Prelude project to tap into previously inaccessible gas resources off the Kimberly Coast in Western Australia.

GE Lighting

In one of Australia s largest outdoor LED lighting installations, GE has replaced nearly 6,500 street, park and plaza lights in Sydney, saving nearly $800,000 per year in electricity and maintenance, and slashing greenhouse gas emissions by one third.

GE Power

GE will supply turbines and build and maintain the $350 million Boco Rock wind farm in New South Wales. The wind farm will comprise 67 turbines and the clean energy generated will be sufficient to meet the needs of at least 40,000 homes across New South Wales and offset approximately 300,000 tons of greenhouse gas emissions per year relative to coal. GE also worked with the wind farm developer to fund the project through the development phase. In July 2013, Rio Tinto selected GE aeroderivative gas turbines to supply power needed for iron ore production at two sites in the Pilbara, Western Australia as part of Australia s largest-ever, integrated mining project. In Mumbida, Western Australia, GE is helping Verve Energy power the equivalent of 50,000 homes annually while the GE Frame 9E gas turbine helps Australia s largest combined cycle power station in Darling Downs, Queensland produce enough power for 400,000 homes each day, more than halving emissions of a typical coal-fired station. GE ZeeWeed advance ultrafiltration technology is helping purify up to 190 million liters of waste water per day before it reaches the Great Barrier Reef in north Queensland.

GE Energy Connections

GE is working with AusGrid in New South Wales on the world s largest smart grid trials that will bring ground-breaking changes to our country s energy industry and infrastructure.

Partnership

GE is partnering with the CSIRO (Commonwealth Scientific and Industrial Research Organization) on a five-year, $20 million research and development project to uncover and deliver technologies that will improve people s lives and improve the environment.

GE Capital and the Australian Graduate School of Management (AGSM) at the University of New South Wales have formed the Australian Mid-Market Growth Alliance aimed at helping Mid-Market business overcome barriers to growth.

Citizenship: Environment, Health, Community

We continually look to invest in ways that make the most of our financial, technical and intellectual resources to benefit our investors, customers, employees and communities:

  • At GE, every employee is encouraged to participate in volunteer activities during work time throughout the year. In Australia New Zealand, this ranges from fund raising events for the Women s Cancer Foundation for ovarian cancer research to helping Ardoch with local school programs or caring for intellectually disabled kids during excursions or even planting trees with the local councils. Every year, we donate around 10,000 hours to volunteering across Australia New Zealand.
  • We also support local organisations including the McGrath Foundation and the Lupus Association for medical research, and Engineers Australia and Robogals to promote engineering as a career path for both men and women.
  • The first ever local Low Carbon ecomagination Challenge in Australia and New Zealand was launched in 2012, a $10 million innovation experiment where businesses, entrepreneurs, innovators and students shared their best ideas low carbon technology.