WAUKESHA, Wis.--(BUSINESS WIRE)--Sept. 30, 2003--GE Medical Systems, NBC and BabyTalk Magazine today announced the addition of an all-new series to The Patient Channel, GE Medical's hospital-based patient education television network. Beginning this week, the network will dedicate six hours each day to parenting content from BabyTalk Magazine called "BabyTalk Presents: You and Your Baby on The Patient Channel." Pampers - whose baby care products are in more than 80 percent of birthing facilities in the U.S. - has signed up as the first sponsor.
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KUALA LUMPUR, MALAYSIA (September 29, 2003) --- GE Oil & Gas has signed a contractual service agreement (CSA) with Malaysia LNG Sdn. Bhd. to provide maintenance services for gas turbines and additional equipment at a liquefied natural gas (LNG) complex in Bintulu, Sarawak, Malaysia.
Valued at more than US$127.6 million, the CSA covers a period of 88 months. It includes all GE-supplied gas turbines and related equipment that comprise the power generation units and liquefaction trains for the LNG complex. There are three plants at the site: MLNG, MLNG Dua and MLNG Tiga.
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RALEIGH, N.C.--Sept. 26, 2003--GE Mortgage Insurance today announced its intention to manage and operate its domestic business in the future at capital levels consistent with 'AA/Aa2' credit ratings.
In the United States, GE Mortgage Insurance is currently rated 'AAA' by Standard & Poors and Fitch, and 'Aaa' by Moody's.
The company made the decision after an extensive strategic review and analysis of its business and capital structure in light of customer and investor requirements, as well as the competitive landscape.
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WILTON, Conn. & GREENWICH, Conn.--Sept. 25, 2003--Littlejohn & Co., LLC, a private investment organization, and GE announced today they have entered into a definitive agreement for Littlejohn Fund II, L.P. to purchase GE Superabrasives, a leading supplier of manufactured diamond, cubic boron nitride, and polycrystalline products. Specific terms of the transaction were not disclosed. The closing of the transaction is subject to customary conditions, including the receipt of regulatory approvals. The closing is expected to occur by January 31, 2004.
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Sept. 25, 2003--GE's Employers Reinsurance Corporation (ERC) today announced several key appointments that underscore its commitment to delivering world-class customer service backed by global expertise.
-- David Bassi is the new Global Risk & Underwriting Leader for ERC's P&C reinsurance unit;
-- Cora Stahrenberg is the new Human Resources Leader for the company's P&C reinsurance unit; and
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ATLANTA, GEORGIA (September 25, 2003) --- GE Power Systems has announced that its Network Reliability Services business will host a Users Conference specifically targeted for its network management and substation automation end users. The conference, which is tracked according to each discipline, will be held in New Orleans, La., at the Fairmont Hotel and will run from October 26 through October 29.