GE Helps Canadian Pacific Railroad Drive Away Hunger; 2002 Holiday Train Supported by Five GE Businesses ERIE, Pa.--(BUSINESS WIRE)--Dec. 4, 2002--General Electric (NYSE:GE) and Canadian Pacific Railroad have partnered again this year to support the 2002 Canadian Pacific Holiday Train project, as two trains traverse Canada and the Northern United States.
WAUKESHA, Wis. and CLEVELAND--(BUSINESS WIRE)--Dec. 3, 2002--GE Medical Systems, a unit of General Electric Company (NYSE: GE), today announced that it has acquired USA Instruments, Inc. (USAI), a global designer and manufacturer of magnetic resonance imaging (MRI) surface coil products.
Since its founding in 1993, USAI has been an innovator in the development of high-quality, cost-effective MRI coils. Based in Cleveland, Ohio, USAI has more than 250 people employed in research and development, engineering and manufacturing.
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WAUKESHA, Wis. and CHICAGO--(BUSINESS WIRE)--Dec. 3, 2002--GE Medical Systems announced that it has added several enhancements to its industry-leading Signa(R) OpenSpeed(TM) and Signa Ovation(TM) open magnetic resonance (MR) scanners. New software and hardware packages will extend the clinical capabilities of the two systems, enabling high-resolution studies on a broader range of patients.
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WHAT: Lighting of the 2002 National Christmas Tree. This is the 40th consecutive year that the Cleveland-based lighting operations of GE Consumer Products has donated the design, lights and ornaments for our nation's tree -- a 50-foot Colorado Blue Spruce.
Material for the 100 hand-fabricated star ornaments was donated by another GE business -- GE Plastics of Pittsfield, Massachusetts.
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December 3, 2002 -- EVENDALE, Ohio - GE Aircraft Engines has delivered to Lockheed Martin the first F110-GE-132 engine, the highest-thrust fighter engine ever developed for the F-16 aircraft.
The F110-GE-132, which can produce up to 32,500 pounds of thrust (144 kN), is derived from GE's highly successful F110 engine family, which powers the majority of F-16C/Ds worldwide. The F110-GE-132 engine development was launched in 2000 with its selection for 80 Lockheed Martin F-16C/D Block 60 aircraft by the United Arab Emirates (UAE) Air Force and Air Defense.
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Jeddah, November 30, 2002 ---- General Electric has appointed Abdullah Taibah as the Corporate Regional Executive for the Middle East region, including the GCC, Jordan, Syria and Lebanon. Taibah, based in Riyadh, Saudi Arabia will head Middle East operations, a promising market which accounts for business of US$1.6 billion earned from its eight diversified business groups.
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STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 29, 2002--GE Commercial Finance announced today it has completed its acquisition of the structured finance business of ABB.
ABB and GE Commercial Finance had entered into a definitive agreement for GE Commercial Finance to purchase the Structured Finance business on September 4, 2002.
The ABB structured finance business includes global infrastructure financing, equipment leasing and financing businesses. These operations serve customers principally in Europe and the United States.
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WAUKESHA, Wis.--(BUSINESS WIRE)--Nov. 26, 2002--GE Medical Systems, a unit of General Electric Company (NYSE: GE), today announced that it has received 510(k) market clearance from the U.S. Food & Drug Administration (FDA) for the GE Innova(TM) 4100. This large-format digital flat panel X-ray system, the first of its kind, provides detailed, real-time fluoroscopic images of human anatomy for interventional radiological procedures that require exacting precision.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Nov. 25, 2002--General Electric Company today named Michael R. McAlevey, a former U.S. Securities and Exchange Commission official as Chief Corporate and Securities Counsel.
McAlevey, 38, is a partner in the Washington, D.C. law firm of Alston & Bird, LLP. From 1998 to 2001, he was Deputy Director of the SEC's Division of Corporation Finance.