KANSAS CITY, Mo.--Jan. 4, 2005--GE Insurance Solutions recently celebrated the one-year anniversary of its Masonic Association insurance program.
Since the program's inception in January 2004, the program has provided broad insurance coverage for more than 4,200 Masonic Associations generating over $10 million in gross written premium, exceeding the company's expectations.
Technology Unveiled at GE Energy Oil & Gas Annual Meeting
FLORENCE, ITALY, February 1, 2005: -- GE Energy's oil and gas business is introducing a new Dry Low No
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Global giant GE Finance, the leading consumer finance company, is aggressively rebranding itself and is opening its retail bank at the end of December. It is also eyeing 15 to 20 percent growth this year. The move is a key 2005 strategy to muscle in its position as a leader in Thailand's consumer finance market.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 31, 2004--General Electric and two leading private-investment firms, General Atlantic Partners and Oak Hill Capital Partners, today completed their previously announced transaction under which the two firms acquired a majority interest in Gecis (previously GE Capital International Services), GE's global business-processing operation.
NEW DELHI, India--(BUSINESS WIRE)--Dec. 31, 2004--Gecis, a global leader in high-quality business-process services, today announced that the agreement among its key shareholders - General Electric, General Atlantic Partners, and Oak Hill Capital Partners - has been completed, with the private investors taking a majority interest in Gecis. The transaction, closed today, makes Gecis India's largest independent BPO provider.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 22, 2004--GE today announced the appointment of a new company officer.
George Awad, 44, is Vice President, Global Marketing, GE Consumer Finance, a role he began in April 2000. Awad is charged with driving global growth for the business through strategic marketing and brand initiatives.
December 21, 2004 -- EVENDALE, OH -- GE Transportation - Aircraft Engines, through Unison Industries, a subsidiary of GE Engine Services, has signed a definitive agreement to purchase Aircraft Parts Corporation (APC). The transaction, terms of which were not disclosed, is pending necessary regulatory approval and is expected to be complete in the first quarter of 2005.
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Frame 6B gas turbine technology to boost Mafraq power station output by 25 percent
Amman, December 20, 2004: The Central Electricity Generation Company of Jordan has selected GE gas turbine technology for the expansion of the Risha Power Station in the Mafraq district, Jordan, GE Energy announced.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 16, 2004--The GE Foundation announced today that it is establishing the Greatest Generation Scholarships Program, investing $2 million in scholarships for high-need New York City students who exhibit a commitment to community service. The program is being established in honor of Tom Brokaw, who recently stepped down as anchor and managing editor of "NBC Nightly News," and is named after Brokaw's best-selling book about the generation of men and women who helped transform America after World War II.
