WAUKESHA, Wis.--(BUSINESS WIRE)--Aug. 11, 2003--To meet consumer demand and keep pace with rapidly advancing medical knowledge, GE Medical Systems, a unit of General Electric Company (NYSE:GE), announced today the development of new educational programs on smoking cessation, living with cancer, and hypertension available through The Patient Channel, GE's hospital-based patient education television network. Annually, nearly 13 million people spend time in the hospital because of cancer, hypertension, and tobacco abuse.
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ATLANTA, GEORGIA (August 6, 2003) --- GE Power Systems is expanding its Contractual Service Agreement (CSA) program to include CSAs specifically designed for steam turbine facilities worldwide. Designed to help lower the cost of operating a power plant, the new steam turbine CSAs are commercially available today.
GE's existing CSA program addresses gas turbine and combined-cycle plants, with CSAs in place at more than 600 sites around the world. The newly developed CSAs will focus exclusively on steam turbines, including steam turbines in operation at nuclear facilities.
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ATLANTA, GEORGIA (August 6, 2003) --- GE Power Systems is expanding its Contractual Service Agreement (CSA) program to include CSAs specifically designed for steam turbine facilities worldwide. Designed to help lower the cost of operating a power plant, the new steam turbine CSAs are commercially available today.
GE's existing CSA program addresses gas turbine and combined-cycle plants, with CSAs in place at more than 600 sites around the world. The newly developed CSAs will focus exclusively on steam turbines, including steam turbines in operation at nuclear facilities.
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LOUISVILLE, Ky.--(BUSINESS WIRE)--Aug. 5, 2003--Men and women may both bring home the bacon these days, but it's still the women who are getting the grease out. Eighty-nine percent of women claim to be primarily responsible for doing the laundry in households across America, according to the results of a national consumer survey released today by GE Harmony.
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STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 5, 2003--
-- Strategic Fit of Products and Services
-- Expands GE's Distribution Finance Platform
-- Enhances Key GE Commercial Finance Segments
GE Commercial Finance, the business-to-business financial services unit of the General Electric Company (NYSE: GE), announced today it has agreed to acquire most of Transamerica's commercial finance business. The transaction will add approximately $8.5 billion in managed assets to GE Commercial Finance's $200 billion asset portfolio.
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RICHMOND, Va.--(BUSINESS WIRE)--Aug. 4, 2003-- Average Costs Rise 7% in Two Years;
Range from $35,900 to $166,700 Annually
A survey of nursing home costs commissioned by GE Financial's Long Term Care Insurance division shows that a year in a nursing home costs approximately $85,000 or more in the nation's five most expensive areas. The cost of a year of nursing home care in Alaska, the most expensive area in the country to obtain such care, is $166,700. Louisiana is the least expensive, with an average annual cost of $35,900.
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RICHMOND, Va.--(BUSINESS WIRE)--Aug. 4, 2003--GE Insurance today announced it has reached a definitive agreement to sell Financial Guaranty Insurance Company (FGIC) to a group of investors led by The PMI Group, Inc. (PMI).
GE will realize total value from the transaction of approximately $2.16 billion. This transaction is consistent with GE Insurance's strategy to focus its global operations on key segments, while allowing GE to selectively re-deploy capital in new business lines it intends to grow rapidly.