FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 13, 2002--The Board of Directors of GE today declared an increased quarterly dividend of $0.19 per outstanding share of its common stock.
The dividend increase of 6%, from $0.18 per share, was approved in late November and marks GE's 27th consecutive annual increase. GE has paid a quarterly dividend without interruption since 1899.
The dividend is payable January 27, 2003, to shareowners of record on December 31, 2002. The ex-dividend date is December 27.
STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 11, 2002--Pearle Vision and GE Consumer Finance have announced the launch of a national Pearle Vision private label credit card program, offering instant credit to Pearle Vision customers.
Approved cardholders can receive a 25-day grace period, no payments for 90 days, or no payments for six months, depending on the purchase amount.
The new program is being launched to 373 Pearle Vision corporate locations, and offered to the company's 410 franchise locations in December.
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HOUSTON--(BUSINESS WIRE)--Dec. 11, 2002--GE Industrial Systems, a $6 billion unit of the General Electric Company (NYSE: GE), today announced a five-year master agreement to provide ChevronTexaco Corp. (NYSE: CVX) with GE large, energy-efficient motors, and electrical transmission and distribution equipment for ChevronTexaco facilities worldwide.
The products and associated services supplied to ChevronTexaco's global facilities by GE will distribute, protect, and control electric power as well as drive critical production and refining processes.
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EADS Selects GE F414 Engine For Proposed Mako Trainer/Fighter Aircraft Family EVENDALE, Ohio--(BUSINESS WIRE)--Dec. 9, 2002--The European Aeronautic Defense and Space Company (EADS) has signed an exclusive teaming agreement with GE Aircraft Engines (GEAE) for the Definition Phase of its Mako family of advanced trainer and light combat aircraft. EADS selected a derivative of GE's F414-GE-400 fighter engine, which powers the U.S. Navy's F/A-18E/F Super Hornet, for the Definition Phase of the Mako single-engine aircraft family.
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Dec. 6, 2002--Standard & Poor's Ratings Services today announced AA- (Very Strong) counterparty credit and financial strength ratings on Employers Reinsurance Corp. and its wholly owned subsidiaries.
In announcing the lower rating, Standard & Poor's cited ERC's declining operating earnings while acknowledging ERC's strong market position, very strong capitalization and liquidity.
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CLEVELAND--(BUSINESS WIRE)--Dec. 5, 2002--When President Bush flips the switch to turn on the 2002 National Christmas Tree in Washington, D.C., on Thursday evening, December 5, the event will mark the 40th consecutive year that GE and its Cleveland-based lighting operations of GE Consumer Products (GECP) have created the design and donated the lighting and ornaments for the tree.
The nation's tree, which grows on the Ellipse (also known as Presidents' Park) between the White House and the Washington Monument, is a 50-foot Colorado Blue Spruce.
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WAUKESHA, Wis.--(BUSINESS WIRE)--Dec. 5, 2002--Frost & Sullivan honored GE Medical Systems with the presentation of its first Multi-Vendor Service Provider of the Year Award at the 2002 Excellence in Healthcare Awards Banquet held in La Jolla, California. The Frost & Sullivan Annual Healthcare Market Engineering Award for Multi-Vendor Service Provider is presented each year to the company that has demonstrated excellence in the servicing of diagnostic imaging and biomedical equipment.
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WAUKESHA, Wis. and CHICAGO--(BUSINESS WIRE)--Dec. 4, 2002--GE Medical Systems, a unit of General Electric Company (NYSE:GE), today introduced a new 4D Ultrasound technology platform, which will allow physicians to visualize the complete fetal heart cycle without external triggering devices.