Fortune 6 March 2006
CNN Money asked seven management experts for their perspectives of the World's Most Admired Company.
CNN Money asked seven management experts for their perspectives of the World's Most Admired Company. They didn't pull any punches.
Here's what they said. (PDF)
FAIRFIELD, Conn.--(BUSINESS WIRE)--March 3, 2006--GE (NYSE: GE) today announced that its 2005 Annual Report is now available on the company's Web site at www.ge.com/annual05. The annual report entitled, "Go Big," reviews GE's 2005 performance and provides an overview on the company's three strategic priorities for sustained performance in 2006.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--March 2, 2006--General Electric (NYSE: GE) today announced the pricing of its secondary public offering of Genworth's (NYSE: GNW) Class A Common Stock and reaffirmed its first quarter 2006 earnings per share outlook of $.38-.40, up 15-21%, and total year earnings per share outlook of $1.94 -2.02, up 13-17%.
LOUISVILLE, Ky.--(BUSINESS WIRE)--March 2, 2006--This Earth Day, GE Consumer & Industrial, a 2006 ENERGY STAR Sustained Excellence Award winner, challenges consumers to choose ENERGY STAR appliance and lighting products when planning their next home improvement project. According to the U.S. Government, using ENERGY STAR appliances can save consumers one-third on their annual energy bill - up to $450, on average.
KANSAS CITY, Mo.--(BUSINESS WIRE)--March 1, 2006--GE Insurance Solutions companies secured nearly $1.5 billion of property and casualty reinsurance business in the recently completed January 1 renewal season.
The GE Insurance Solutions team added 62 new reinsurance treaty clients and $149 million in new business premiums, a 14 percent increase in new business over the 2005 renewal season.
The companies renewed more than $1.3 billion of their property and casualty reinsurance business, an 86 percent retention rate.
NORWALK, Conn.--(BUSINESS WIRE)--Feb. 28, 2006--GE Antares Capital, a unit of GE Commercial Finance - Global Sponsor Finance, today announced that it has arranged a senior secured credit facility to support WestView Capital Partners' purchase of Radiac Abrasives, Inc. GE served as Administrative Agent and Lead Arranger for the transaction, which closed on February 10th.
ATHENS, Greece--(BUSINESS WIRE)--Feb. 27, 2006--GE Energy (NYSE: GE) delivered 1,346 wind turbines worldwide during 2005, completing the year with revenue exceeding $2 billion - more than a 200% increase over 2004's total - the company reported today at the 2006 European Wind Energy Conference & Exhibition.
GE's 2005 wind revenue also was more than 400% higher than in 2002, GE's first year of wind operations, underscoring wind energy's continued growth in global popularity.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Feb. 27, 2006--GE (NYSE: GE) today announced that it is commencing a secondary public offering of approximately 71 million shares of the Class A Common Stock of Genworth Financial, Inc. (NYSE: GNW). Concurrently with the offering, Genworth also will repurchase 15 million shares of Genworth's Class B Common Stock directly from GE at the net price per share of Class A Common Stock that GE receives in the secondary offering. The repurchase will close simultaneously with, and be contingent upon, the closing of the secondary offering.
Three Figure Skating Pairs, including Silver and Bronze Medalists, and Coach Receive Awards
TORINO, ITALY, Feb. 25, 2006 -- One day before the closing of the Torino 2006 Olympic Winter Games, the City of Torino, TOROC and the Beijing Organizing Committee for the 2008 Olympic Games gathered at the GE Ice Plaza in the heart of Torino's historic city center, to honor the remarkable achievements of Chinese Figure Skating Team and their coach during the Torino Games.
