200,000-square foot facility to meet regional demands of thriving energy sector
Dubai, May 30, 2004: GE Energy has opened a new regional Center Of Excellence (COE) at the Jebel Ali Free Zone (JAFZ), which was today inaugurated by Jamal Majid bin Thaniah, Chief Executive Officer, Dubai Ports Authority. GE Energy's rental business is the temporary and portable power unit of GE Energy, a US$19 billion global business specializing in power generation and energy delivery technology.
FAIRFIELD, Conn. & RICHMOND, Va.--(BUSINESS WIRE)--May 24, 2004--GE and Genworth Financial, Inc. today announced the pricing of the Genworth initial public offering.
The initial public offering consists of three different classes of Genworth securities:
-- 145,000,000 shares of Class A Common Stock, which has been priced at $19.50 per share.
STAMFORD, Conn. & SEATTLE--(BUSINESS WIRE)--May 24, 2004--GE Commercial Finance, the business-to-business financial services unit of General Electric (NYSE: GE), today agreed to purchase approximately $2 billion in assets from Boeing Capital Corporation.
The agreement is subject to normal regulatory review and expected to close in the second quarter of 2004.
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CLEVELAND--(BUSINESS WIRE)--May 19, 2004--What would Thomas Edison think of incandescent lights that last 750 hours or filter out harsh colors of the spectrum to provide a purer, cleaner light? Little did Edison know his light bulb that lasted only 40 hours would grow into products like GE Reveal(R) bulbs that have sold over 170 million bulbs since their introduction in 2001.
FEATURE/New Trivection Technology from GE Perfecting the Delicate Balance of Heat and Time LOUISVILLE, Ky.--(BUSINESS WIRE)--May 19, 2004--GE's newest cooking technology - Trivection(TM) Technology - has won numerous awards and been highlighted in a variety of national consumer and technology publications since its unveiling in late 2002. Just how does GE's Trivection technology work and what went into the creation of this innovation that offers the delicate balance of heat and time to produce great food?
Money Matches Contributions From GE Employees, Retirees
ERIE, Pa. (May 19, 2004) -- The GE Foundation today distributed checkstotalling more than $184,000 to 24 organizations that are part of GE's Community Matching Gifts program. The money is a dollar-for-dollar match of contributions made by GE employees and retirees, meaning that the qualified organizations Received more than $368,000.
May 17, 2004 -- SAO PAULO, Brazil -- In a news conference here today, Brazilian low-cost carrier Gol Transportes Aereos announced a firm order for CFM56-7 engines to power 15 new Boeing 737-800 aircraft, in addition to taking purchase options on 28 additional aircraft. The firm engine order, including spares, is valued at approximately $200 million at list price.
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NORWALK, Conn.--(BUSINESS WIRE)--May 17, 2004--GE Commercial Finance's Global Media & Communications Technology business has provided a $1.05 million equipment financing line-of-credit to Airvana, Inc.
Based in Chelmsford, Massachusetts, Airvana is a global leader in developing infrastructure equipment for wireless carriers and global infrastructure suppliers. The company's products are designed to dramatically improve the economics of deploying high-speed mobile Internet services.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--May 14, 2004--General Electric today announced the appointment of two new company officers.
Paul A. McElhinney, 43, is Vice President, Legal Operations, for GE Transportation. Previously, he was Executive Vice President and General Counsel at GE Commercial Finance, Capital Aviation Services. Previously, McElhinney had a succession of legal positions at GE Capital Aviation Services at its Shannon, Ireland, facility.
May 14, 2004 -- WARSAW, Poland -- LOT Polish Airlines and GE celebrated the achievement of 500,000 flight hours by the airlines fleet of CF6-80C2-powered Boeing 767 aircraft.
In 1989, LOT became GE's first Eastern European customer when it took delivery of its first CF6-80C2-powered Boeing 767 extended range aircraft. Today, Poland's national carrier operates five aircraft, including two 767-200ERs and three 767-300ERs on routes to the U.S.
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