PALO ALTO, Calif.--(BUSINESS WIRE)--March 30, 2005--Frost & Sullivan's recent analysis, U.S. PET and PET-CT Markets, selected GE Healthcare as the recipient of the 2004 Market Leadership Award. This award acknowledges the company's exceptional marketing strategies that helped it capture the largest percentage of the U.S. positron emission tomography-computed tomography (PET-CT) market in 2003 and maintain its robust lead since the market's inception.
KANSAS CITY, Mo.--(BUSINESS WIRE)--March 30, 2005--Patrick O'Brien has been named Business Leader for GE Insurance Solutions' U.S. Accident & Health business unit, responsible for the company's U.S.-based Long Term Care, Group Long Term Disability, Managed Behavioral Health, Critical Illness, and Personal Accident products.
Patrick will play a key role in helping the U.S. Accident & Health business segment deliver on the company's goal of providing unsurpassed customer service.
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BEVERLY HILLS, Calif.--(BUSINESS WIRE)--March 30, 2005--GE Commercial Finance Corporate Lending announced that it has named Stephen M. Flynn senior vice president of origination for the West Region. Based in Beverly Hills, Mr. Flynn will be responsible for originating lending opportunities among large corporate customers throughout the region, which comprises Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah and Washington. He will report to Michael A. Scott, senior vice president and team leader, West Region, Corporate Lending.
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GE is granted CENELEC certification for its LOCOTROL® RCL Technology
Melbourne, Fla. -- March 30, 2005 -- GE Transportation will provide its remote control technology solution to help customers around the world improve safety and business operations. GE was awarded a contract in Finland to deliver its LOCOTROL® Remote Control Locomotive (RCL) to VR Ltd, the Finnish Railways, in the 2nd Quarter, marking the first time its RCL technology is being used outside of North America.
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SALT LAKE CITY--(BUSINESS WIRE)--March 28, 2005--Sorenson Molecular Genealogy Foundation (SMGF), a non-profit research organization building the world's most comprehensive database of correlated genetic and genealogical information, today announced that it has significantly expanded the data available on its free Web site and enhanced the research tools for visitors.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--March 24, 2005--GE today announced the pricing of the Genworth secondary public offering.
A total of 80,500,000 shares of Genworth Class A common stock are being sold in the secondary offering at a price to the public of $26.50 per share. The underwriters do not have an over-allotment option.
Concurrently with the closing of the offering, Genworth will repurchase directly from GE approximately 19.4 million shares of Genworth's Class B Common Stock for $500 million.
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March 24, 2005 -- EVENDALE, Ohio - General Electric Company's F110-GE-129 engine is powering Boeing's newest fighter aircraft, the F-15K, in flight tests this month in St. Louis, Missouri.
The Republic of Korea (ROKAF) selected the F110-GE-129 engine (rated at 29,000 pounds of thrust) to power 40 F-15K Strike Eagle aircraft for its "Next Generation Fighter" program. Aircraft deliveries are scheduled to begin later this year and end in August 2008.