June 13, 2005 -- LE BOURGET - Development tests continue on the Engine Alliance's GP7200 engine, which will power the Airbus A380 aircraft.
"We are very pleased with the performance of the engine," said Bruce Hughes, president of the Engine Alliance. "To date, eight development engines have accumulated more than 4,000 cycles and 1,750 hours of operations. We remain on schedule for engine certification with the Federal Aviation Administration (FAA) in October."
KANSAS CITY, Mo.--(BUSINESS WIRE)--June 13, 2005--GE Insurance Solutions announced the launch of an innovative product designed to help mortgage originators protect their reputations today at the annual convention of the National Association of Mortgage Brokers in Minneapolis, Minn.
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NORWALK, Conn.--(BUSINESS WIRE)--June 13, 2005--GE Commercial Finance Corporate Lending today announced that Joe Nemia has been promoted to Senior Managing Director for the Vertical Industries group. In this role, he will lead Corporate Lending's North American efforts in the Restructuring, Retail, Metals, and Automotive sectors.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--June 10, 2005--The Board of Directors of GE today authorized a regular quarterly dividend of $0.22 per outstanding share of its common stock. The dividend is payable July 25, 2005 to shareowners of record at the close of business on June 27, 2005. The ex-dividend date is June 23, 2005.
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Mumbai, June 8, 2005 - The United States India Business Council (USIBC) has bestowed on General Electric the USIBC 30th Anniversary Jubilee Award for "The US Company Contributing Most to the Indo-US Commercial Relationship".
The USIBC award acknowledges GE's contribution to the Indo-US commercial partnership that the two countries share today and the strong confidence and commitment that GE has shown to India over the last several years.
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June 08, 2005 -- EVENDALE, Ohio - General Electric Company's Aircraft Engines business expects revenues in 2005 to reach a record $13 billion.
The record revenues are being driven by stronger commercial engine deliveries, higher utilization of GE- and CFM-powered commercial aircraft in airline service, and higher utilization of GE military engines worldwide.
This year's growth follows a strong 2004 financial year for the Aircraft Engines business, when revenues grew to $12.55 billion, up from $10.97 billion in 2003.
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MUNICH--(BUSINESS WIRE)--June 7, 2005--For the first time, GE Insurance Solutions and the Institute of Insurance Economics, University of St. Gallen, offer a perspective of the German reinsurance market from the point of view of the buyer -- the primary insurer who relies on reinsurance for cover.
The Reinsurance Market Index polled primary insurers on key market indicators such as rate on-line, attachment points and limits for non-proportional, as well as ceding commissions and retentions for proportional treaties.