GE’s financial services unit, GE Capital, announced that it would open a new technology center in New Orleans this summer. The center will hire 300 IT professionals over the next three years who will help deploy GE capital in a faster and smarter manner.
Fourteen Coast Guard cadets traveled from New London to the headquarters of GE Capital in Norwalk to learn firsthand about the financial challenges of the global commercial real estate market.
GE Capital will join hundreds of Australia’s leading companies on 9 November for the 11th running of Sydney’s J.P. Morgan Corporate Challenge at its traditional course in beautiful Centennial Park.
GE Capital and The Ohio State University Fisher College of Business released the results of the largest ever study of American middle market businesses–defined as having revenues between $10 million and $1 billion–which showed them leading the way when it comes to viability, resilience and growth. Mike Neal, Chairman and CEO of GE Capital, said, “middle market firms are keeping local economies viable and represent the country’s strongest engine for growth and long-term success.” Middle market businesses represent a large share of GE Capital’s customers: GE helps finance and build them and is targeting $120 billion in middle market funding in 2011 in North America.
Uconn Stamford announces partnership with local businesses to start a Stamford Learning Accelerator program
UConn Stamford announced a partnership with seven major companies and organizations, including UBS, General Electric, IBM and K2 Advisors, creating the Stamford Learning Accelerator. Stamford Learning Accelerator coordinators have already lined up nine projects, including the Sustainable Community Outreach and Public Engagement learning accelerator, the Master’s Program in Financial Risk Management, the International Business Accelerator, identification of investment risk factors for UBS, the economic value of bioextraction of seaweed and potential uses of the harvested biomass, the Connecticut Center for Entrepreneurship and Innovation and financial modeling for GE Capital Treasury. According to Sean O’Connell, Americas treasurer at GE Capital, he is happy to have the opportunity for GE Capital to work with students. “I am a graduate of both UConn in Storrs and Uconn Stamford,” said O’Connell. “This program makes a lot of sense and I am excited to work with the students. Hopefully GE will be able to hire some fo the UConn Stamford graduates down the road.”
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