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General Electric (NYSE:GE) GE Capital, Franchise Finance recently granted a $6.7 million credit facility to Pizzerias, a Papa John’s franchisee that operates 31 Papa John’s locations in the Miami market. Proceeds will being used to refinance existing debt; a part of the funding was provided through GE Capital’s bank affiliate, GE Capital Bank. Shares of GE closed higher on Thursday at $20.20 per share.
Boeing Company’s (NYSE:BA) Boeing Space & Intelligence Systems is taking delivery of Aerojet’s 100th R-4D-15 High Performance Apogee Thruster, in a ceremony Thursday at Aerojet’s Redmond production facility. This event specially marks the milestone delivery and the R-4D record of 100 percent mission success throughout five decades of service, as well.
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Caterpillar Inc. (NYSE:CAT): Congressional Democrats and Republicans in both houses have reached an agreement in which a bill will be passed that would prevent the interest rate on student loans from doubling on July 1, and also to extend federal transportation funding, which had been due to expire on the same date, according to anonymous staffers and members of Congress to The Hill. Sen. James Inhoff (R-OK) says that details of the deal will emerge Thursday night.
Chevron Corp. (NYSE:CVX) is being sued again by villagers who live in the rainforest of Ecuador, in an effort to force the company to pay for cleaning up a disaster that decimated indigenous groups, and caused an outbreak of cancer and other oil-related illnesses that have killed, or have the potential to kill thousands of men, women, and children, according to various court findings in Ecuador. The inhabitants has already won a judgment against the oil giant for causing massive environmental and health damage; the new action is aimed at seizing CVX’ assets in Brazil , in order to raise funds to remove cancer-causing toxins and oil sludge from their ancestral homelands. Chevron has refused to comply with an $18 billion judgment in Ecuador, which was affirmed on appeal, so Wednesday’s move by the villagers is the second filing to force the company to pay for the clean-up. Residents in Brazil are in cooperation with the suit, and are requesting that their country’s highest civil court recognize the Ecuadorian judgment so seizure actions may go forward.
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