WILTON, Conn.--(BUSINESS WIRE)--Dec. 16, 2004--Two of the most respected names in American manufacturing and technical leadership have combined forces, bringing to light an innovation to an everyday product, with an intention to deliver peace of mind to consumers as they travel in any weather condition.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 14, 2004--GE expects to deliver double-digit earnings growth in fourth quarter 2004, 2005 and for the foreseeable future, GE Chairman and CEO Jeff Immelt told investors today at the company's meeting on its outlook for the coming year. The meeting is being Webcast at www.ge.com starting at 3 p.m.
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December 14, 2004 -- EVENDALE, Ohio -- General Electric Company (GE) has initiated tests for its new GEnx engine that advance the use of composites in jet engines in ways never before experienced.
The GEnx is the only jet engine being developed with both the front fan case and fan blades made of composite materials - a breakthrough that will provide greater engine durability and dramatic weight reduction.
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NORWALK, Conn.--(BUSINESS WIRE)--Dec. 14, 2004--GE Commercial Finance Technology Lending, a unit of Global Media & Communications, announced that it has arranged $5 million in senior secured financing for Aspen Aerogels, Inc. The financing consists of a $4 million term loan and $1 million revolving loan facility, and the funding will be used as growth capital. The transaction closed on October 21, 2004.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 13, 2004--GE will Webcast its previously announced meeting with investors on Tuesday, Dec. 14 at 3 p.m. ET. At the meeting, GE Chairman and CEO Jeff Immelt will discuss the company's outlook for 2005 and 2006. The meeting and related materials will be available at www.ge.com/investor.
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STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 13, 2004--GE Commercial Finance Energy Financial Services is accelerating its growth strategy of arranging and intermediating energy debt. To pursue this effort, Don Kyle, a veteran capital markets and energy finance expert has joined the business' Debt Products unit as Managing Director and Capital Markets Leader.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 10, 2004--The Board of Directors of GE today raised the Company's quarterly dividend 10% to $0.22 per outstanding share of its common stock and authorized the repurchase of up to $15 billion of its common stock over the next three years.
"GE has tremendous prospects for growth in earnings and cash flow," said GE Chairman and CEO Jeff Immelt.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 10, 2004--GE is correcting the ex-dividend date for the quarterly dividend announced earlier today. The ex-dividend date is December 22, not December 23.
The dividend is payable January 25, 2005, to shareowners of record on December 27, 2004 as announced earlier.