STAMFORD, Conn.--(BUSINESS WIRE)--March 6, 2003--General Electric Capital Corporation (GE Capital) announced today that it has provided a full and unconditional guarantee of the medium-term notes issued by its subsidiary, Heller Financial Inc., under its Senior Debt Indenture and Subordinated Debt Indenture, each dated September 1, 1995, as amended.
STAMFORD, Conn.--(BUSINESS WIRE)--March 5, 2003--GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE), today announced it plans to acquire Conseco Finance Corp.'s sales finance unit with a bid valued at $310 million.
The acquisition includes private label credit card receivables and certain consumer installment and home improvement loan assets. The transaction, which is subject to regulatory and bankruptcy court approval, is anticipated to close in the second quarter of 2003.
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CLEVELAND--(BUSINESS WIRE)--March 5, 2003-- Results in More Than 2,000 Unsolicited Testimonials from Consumers GE's launch of Reveal(TM) -- the bulb that uncovers pure, true light -- now represents the most successful launch in the lighting business' 120 year history. From its introduction, just 18 months ago, more than 100 million Reveal bulbs have now been sold.
But more than just the sales achievement, Reveal has actually changed the lighting category by getting consumers to think about light bulbs in a different way.
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March 5, 2003 -- EVENDALE, Ohio - Mr. Jan Schilling has been named chief engineer for GE Aircraft Engines (GEAE), succeeding Fred Herzner, who is retiring after 38 years of outstanding service.
As chief engineer, Schilling will be responsible for ensuring the safety of all GEAE products, leading the technical integrity of the Engineering division and defining and driving engineering process initiatives.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--March 4, 2003--The world changed on September 11, 2001, and so did the way most people think about security. New security threats have caused homeowners, corporations, and the U.S. government to examine their vulnerabilities and increase their security spending accordingly. The government's General Accounting Office reports that $561 million was spent on airport security alone in 2002 - representing a dramatic increase above the $57 million spent in 2000.
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March 4, 2003 --
GE Marine Engines, at its Evendale, Ohio facility, manufactured all the LM aeroderivative gas turbines for the following projects. The LM gas turbine-generator sets were built and sold by GE Aero Energy Products, a GE Power Systems business headquartered in Houston, Texas.
Rick Kennedy
GE Aviation
[email protected]
+1 513 243 3372
+1 513 607 0609
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March 4, 2003 -- MIAMI, Florida - A GE LM2500 aeroderivative gas turbine recently began operating in a COmbined Diesel And Gas (CODAG) turbine, electric drive propulsion configuration aboard Holland America Line's Zuiderdam cruise ship. The 951-foot-long Zuiderdam debuted on December 14, 2002, GE reported today at the Seatrade Cruise Shipping Convention.
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