Word: ge
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Dates: during 1990-1999
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Small wonder, then, that the industry zoomed from about 10 companies in 1994 to some 50 participants last year. Giants such as GE Capital, Norwest Financial and Ford's Associates First Capital came barreling in alongside lesser-known newcomers. But the overcrowded field swiftly became unforgiving. For example, the market value of Mercury Finance, a sub-prime auto lender in Lake Forest, Ill., collapsed from $2.2 billion to $130 million last year after the company disclosed that it had overstated profits...
...color palette of the room is predominantly black and eggshell white, lending a clean, modern feel. Their full-size vintage GE refrigerator in one corner of the room adds a certain old fashioned charm...
...trend gained momentum last September when GE Capital, the finance arm of General Electric, announced it would slap a $25 annual penalty on holders of its GE Rewards MasterCard who did not accrue interest-bearing debt. Since then, issuers have come up with a slew of punitive measures--er, fees--that squeeze responsible cardholders as well as slackers. Just two years ago, no company charged a late fee of more than $18; today almost half do. Even grace periods are shrinking from the average 25 to 30 days to 20 days, which means some customers could get hit with...
There were carefully calibrated emotional appeals too. "Jack Welch told me this was one of the products GE is most proud of," Seinfeld says. Rather than be concerned that his show was being lumped in with light bulbs and missile parts, the comedian was moved. "That affects me," he says. "I like that the people who own the show take pride in it." The meeting ended warmly but inconclusively. Seinfeld and his managers continued to talk, walking around the city's Upper West Side, discussing pros and cons. They returned to Los Angeles that night without having made a final...
Xiangsan Liang brought up cultural differences that Chinese students face in a foreign country as well in a reference to Hailei Ge, a Chinese graduate student who committed suicide early December...