GE Consumer Finance to Acquire WMC Finance Co.
STAMFORD, Conn.--(BUSINESS WIRE)--April 20, 2004--GE Consumer
Finance, the consumer lending unit of General Electric Company
(NYSE:GE), today announced it plans to acquire WMC Finance Co. Terms
were not disclosed.
The transaction, which is subject to regulatory approval, is
anticipated to close in the third quarter of 2004 and will expand GE's
April 20, 2004 -- EVENDALE, Ohio -- The Australian Defense Forces has ordered five EADS/Airbus A330 Multi Role Tanker Transport (MRTT) aircraft powered by General Electric Co. (GE) jet engines for the Royal Australian Air Force. The engine order is valued at more than $100 million USD.
GE's CF6-80E1 engine will power these A330 MRTT, which will be introduced into military service in Australia beginning in 2007. Engine deliveries will begin in 2006.
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April 15, 2004 -- TAIPEI, Taiwan - EVA Airways of Taiwan today announced the purchase of eight GE90-115B-powered Boeing 777 aircraft, including both the 777-300ER and 777-200LR models. The new engine order, which is a follow-on to a 2000 order for seven GE-powered 777s, is valued at approximately $350 million. The airline will begin taking delivery in 2005.
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NORWALK, Conn.--(BUSINESS WIRE)--April 15, 2004--GE Commercial Finance Global Media & Communications announced that it has named Peter J. Foley as Managing Director and Head of Origination. He previously served as Managing Director of the Global Media & Communications/Structured Finance group.
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Dubai, April 14, 2004: The Appliance division of GE Consumer and Industrial recently held a series of regional service seminars in key Middle East locations, including the UAE, to train more than 150 service managers and technicians from across the region. Service specialists, specializing in the maintenance and repair of GE appliances, had the opportunity to benefit from a two-day seminar, held in Dubai, focusing on advanced service techniques for GE's latest product range.
AVON, Conn.--(BUSINESS WIRE)--April 13, 2004--GE Global Asset Protection Services (GE GAP Services) today announced a significant milestone in the company's history. This month marks the 100th continuous year that GE GAP Services has served as The Procter & Gamble Company's property loss prevention provider.
The announcement was made just prior to the opening of the RIMS 2004 Annual Conference & Exhibition in San Diego.
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AVON, Conn.--(BUSINESS WIRE)--April 13, 2004--GE Global Asset Protection Services (GE GAP Services) (NYSE:GE) today announced the launch of a new tool to help risk managers get the most from their loss prevention dollars.
Recommendation Response helps risk managers easily prioritize and communicate their recommendations to plant managers, insurance brokers, and underwriters.
The announcement comes as risk managers gather for the RIMS 2004 Annual Conference and Exhibition in San Diego.
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Corporate Communications
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FAIRFIELD, Conn.--(BUSINESS WIRE)--April 8, 2004--General Electric Company (NYSE: GE) today announced that it has acquired all the outstanding shares of Amersham plc, completing its acquisition of a world leader in diagnostic imaging agents and life sciences. Together with GE Medical Systems - a global leader in medical imaging, healthcare services and information technology -- the combined $14 billion business, now known as GE Healthcare, is expected to generate $16 billion in revenues in 2005.
FAIRFIELD, Conn.--(BUSINESS WIRE)--April 8, 2004--GE's first quarter 2004 earnings were $3.2 billion, or $.32 per share, up 1% over first quarter 2003 earnings before the effect of a required accounting change, the Company announced today. Excluding non-cash earnings from GE's U.S. pension plans and Energy, which entered the final year of lower earnings from declining gas turbine sales, earnings increased 16%.
