Businessweek

and are secured by existing income-producing commercial properties. The company invests in, and provides restructuring financing for, portfolios of commercial mortgage loans, limited partnerships and tax-exempt bonds. Energy Financial Services Energy Financial Services invests in long-lived, capital-intensive energy projects and companies by providing structured equity, debt, leasing, partnership financing, project finance and broad-based commercial finance. The company also invests in early-to-later-stage companies that are pursuing new technologies and services in the energy industry. GE Capital Aviation Services (GECAS) GECAS engages in commercial aircraft leasing and finance, delivering fleet and financing services to companies across the spectrum of the aviation industry. The company’s product offerings include leases and secured loans on commercial passenger aircraft, freighters and regional jets; engine leasing and financing services; aircraft parts solutions; and airport equity and debt financing. It also co-sponsors an infrastructure private equity fund, which invests in large infrastructure projects, including gateway airports. Trademark GE is a trademark and service mark of the company. Dispositions During 2012, the company sold its remaining equity interest in Garanti Bank. In 2012, the company completed the sale of a portion of its Business Properties portfolio (Business Property), including certain commercial loans, the origination and servicing platforms and the servicing rights on loans previously securitized by General Electric Capital Corporation. The portion retained comprises its owner-occupied/credit tenant portfolio. Significant Events In April 2013, General Electric Company and Quirky Incorporated announced a new partnership that will allow everyone to participate in the development of new products with two global leaders in invention and innovation. The partnership would consist of two parts: a groundbreaking new platform where GE would open thousands of its most promising patents and new technologies to the Quirky community for the development of new consumer products; and a co-branded product development initiative to build a full line of app-enabled connected devices for the home in areas such as health, security, water, or air that will be developed using advanced manufacturing tools and technologies. History General Electric Company was founded in 1892. The company was incorporated in 1892.