GE announced today its intention to pursue an initial public offering (IPO) of a new company named Genworth Financial, Inc. that will comprise most of its life and mortgage insurance operations. GE expects to file a registration statement with the U.S. Securities and Exchange Commission in the first half of January 2004 and complete the IPO in the first half of 2004, subject to market conditions and receipt of various regulatory approvals.
LOUISVILLE, Ky.--(BUSINESS WIRE)--Nov. 18, 2003-- New Survey Finds Cooking Misconceptions and Holiday Meal Pressures Keep 63% of Americans In The Kitchen for More Than Half of Their Holiday The old adage Home for the Holidays has a bit of a different ring according to the results of a national survey released today by GE.
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RICHMOND, Va.--(BUSINESS WIRE)--Nov. 17, 2003--As part of the Third Annual National Long Term Care Awareness Week(TM), which begins today, the GE Center for Financial Learning today released head scratching results from a national survey.
The survey found that, despite what baby boomers see happening to their aging parents, they're still in denial when it comes to their own planning, believin that the difficulties their parents face will never happen to them.
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GE Signs Definitive Agreement with China for Regional Jet Engines
WASHINGTON D.C.--Nov. 12, 2003--In ceremonies here with U.S. and Chinese government leaders, GE Aircraft Engines (GEAE) signed a formal contract with the Chinese AVIC I Commercial Aircraft Co. Ltd. (ACAC) to supply GE engines for China's new regional jet aircraft.
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WAUKESHA, Wis.--Nov. 12, 2003--Obesity: Winning the Battle, a documentary that reviews various forms of obesity and the causes linked to this disease, has received a FREDDIE Award for outstanding nutrition program at the 27th Annual International Health and Medical Media Awards. The program is the result of collaboration between The Patient Channel, a hospital-based patient education TV network created by GE Medical Systems and NBC, and Information Television Network (iTV), an independent television producer and recipient of more FREDDIEs than any other broadcast entity.
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CHICAGO & BOSTON--(BUSINESS WIRE)--Nov. 12, 2003--GE Healthcare Financial Services has signed a definitive agreement to acquire HPSC, Inc. (AMEX: HDR), a premier provider of financing to medical and dental practices with over $1 billion in managed assets. GE will acquire all of the issued and outstanding common stock of HPSC for $14.50 per share or a total consideration of approximately $72.4 million. The all-stock deal, which is subject to customary closing conditions as well as regulatory and HPSC shareholder approvals, is expected to close in late 2003 or early 2004.
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