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Telematics is currently a hot button with fleets. Will the return be worth the initial investment? Many fleets are finding that when used properly, telematics can save a fleet money and pay for itself.
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On Jan. 1, PHH Corp. terminated the $1.8 billion merger agreement because it was not consummated by the stipulated Dec. 31, 2007 deadline. The key problem was Blackstone’s inability to fund its acquisition of PHH Mortgage.
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GE Capital purchased McCullagh Leasing from the Bank of New England to expand into the regional, small to mid-sized fleet market. GE Capital's strategy is to maintain McCullagh's U.S. operation as a separate entity.
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