Of Interest

GE Completes Sale of Appliances Business to Haier

GE completed the sale of GE Appliances to Qingdao Haier for $5.6 billion. read more

Ex-Petrobras Exec Accuses Alstom, GE of Bribes

According to Bloomberg, Nestor Cervero, a former Petrobras executive told investigators that Alstom and GE won contracts by paying bribes more than 10 years ago. read more

GE Power CEO Sees Struggle to Find Financing

Steve Bolze told Bloomberg that GE Power expects more than $8 billion in sales opportunities to face delays with energy projects struggling to find financing. read more

Hilco Canada Completes Auction for G&H Machine Tool

Hilco Canada announced the completion of equipment sales for G&H Machine Tool which included late model CNC equipment for welding, machining, assembly and inspection. read more

Mckinney Trailer Rentals Expands Fleet in California

Mckinney Trailer Rentals announced the acquisition of Fleet Trailer’s trailer rental fleet in San Diego and El Centro, CA. read more

Allegiant Partners Launches New Website, Logo

Allegiant Partners launched a new website and logo, effective June 1, 2016. read more

Fleet Advantage Earns Technology Award for Fleet Optimization Solutions

Fleet Advantage was awarded the Technology Leadership Award for Fleet TCO Optimization Solutions in North America by the global industry research and consulting firm Frost & Sullivan.  read more

AirAsia Receives $1B Offer for Leasing Company

According to Bloomberg, AirAisa CEO Tony Fernandes said that the company received an offer valued at roughly $1 billion for its aircraft-leasing business. read more

The Larson Group Acquires Three Peterbilt Dealership Locations

The Larson Group Peterbilt acquired the Southeast Atlantic Peterbilt dealership, which includes three Peterbilt locations in the Carolinas. read more

Bloomberg: Citigroup Will Pay $425MM to Settle Allegations of Interest Rate Rigging

Bloomberg reported Citigroup will pay $425 million to resolve claims that from 2007 to 2012 it tried to rig interest-rate benchmarks. read more

GE Wins Deal to Supply Engines to South Korea Fighter Jet Project

Reuters reported South Korea selected GE over a European consortium to supply engines for its KF-X fighter jet project. read more

Zoomlion Ends Pursuit of Terex, Konecranes Deal to Continue

Reuters reported that Zoomlion, a Chinese manufacturer of construction equipment, will walk away from its $3.4 billion bid for Terex after the companies failed to agree on terms. read more


CIT Provides $35MM Financing for Bascom Group and Oaktree

CIT Real Estate provided a $35 million senior secured mortgage loan to a special purpose entity controlled by The Bascom Group and funds managed by Oaktree Capital Management. read more

U.S. Rail Traffic Drops 8.5%

The Association of American Railroads (AAR) reported U.S. rail traffic for the week ending May 21, 2016 was 506,983 carloads and intermodal units, down 8.5% compared with the same week a year ago. read more

Macro Jets Launches Business Jet Sales Unit

Macro Jets announced a dedicated sales division aimed at facilitating the process of acquiring light, mid, heavy and jumbo-size business jets. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com