LONDON--(BUSINESS WIRE)--Feb. 4, 2003--GE Consumer Finance, the consumer credit services business of the General Electric Company (NYSE: GE), today announced it has agreed to acquire First National's secured and unsecured lending business from Abbey National plc for a consideration of (pound)848 million. This includes net assets of (pound)630 million and a premium of (pound)218 million. A further post-completion payment of up to (pound)42 million may be made to Abbey National, contingent on the performance of the lending book being acquired.
BOCA RATON, Fla.--(BUSINESS WIRE)--Feb. 4, 2003--GE Interlogix, CASI Division today announced Picture Perfect 2.0(TM) an enterprise access control and security management system.
The new release offers many enhancements including advanced access control technology, alarm monitoring capabilities, scalability and availability in stand alone, redundant and enterprise environments.
Most of the Fortune 100 security systems run on CASI access control systems from GE Interlogix, said Juan Cabezas, president of GE Interlogix, CASI Division.
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ATLANTA, GEORGIA (February 4, 2003) --- GE Power Systems today announced it has acquired majority ownership of Kvaerner Power Equipment Co., Ltd (Kvaerner Hangfa) of Hangzhou, China, one of the leading suppliers of hydropower generation equipment in China. This transaction marks the largest acquisition by GE Power Systems in the People's Republic of China.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Feb. 4, 2003--
Before planes, trains and ships, people had two options: walk or trot. Today, we often take for granted our global accomplishments in mobility. This latest installment of GE's Innovation Update highlights some of the latest transportation innovations that will help us accomplish our travel needs, whether for work or play.
GE's Evolution Series Locomotive Exceeds EPA Standards
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April 2, 2003 -- BEIJING, China - China Southern, the largest airline operating in The People's Republic of China, is bringing new meaning to successful Extended-range Twin-engine Operations (ETOPS) as a strategic operator of GE90-powered Boeing 777s in Asia.
China Southern was the first Asian customer to operate GE90-powered Boeing 777s. Since January 1996, China Southern's GE90-powered aircraft have accumulated more than 329,503 flight hours and more than 122,000 cycles.
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LAS VEGAS, NEVADA (February 4, 2003) --- GE Network Solutions, a leading supplier of innovative technology solutions to the utilities industry, announced today that it was awarded a contract from Manitoba Hydro to supply engineering and network management software and services to improve the efficiency and cost-effectiveness of its operations. The announcement was made at this year's DistribuTECH Conference in Las Vegas, Nevada.