GAITHERSBURG, Md.--(BUSINESS WIRE)--Sept. 17, 2002--GE Global eXchange Services (GXS), a leader in business-to-business Internet commerce, today announced that it is a winner of the 2002 Exceptional Achievement Award from eAI Journal, a global publication in e-business and application integration.
The 2002 Exceptional Achievement Awards recognize outstanding overall performance in the eAI Journal awards program. GXS is one of only four companies to qualify for this prestigious award.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 16, 2002--The General Electric Company has received a request for its voluntary cooperation in an informal investigation that the U.S. Securities and Exchange Commission (SEC) is conducting in connection with the employment and post-retirement agreement of former GE CEO John F. Welch.
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GE to Acquire Ion Track, Inc., Leaders in Advanced Trace Substance Detection, from Castle Harlan, Inc. PLAINVILLE, Conn.--(BUSINESS WIRE)--Sept. 16, 2002-- GE Growing Rapidly in $20 Billion Global Electronic Security Products Market
GE Industrial Systems, a division of General Electric Company (NYSE: GE), and Castle Harlan, Inc., the New York merchant bank, announced today they have signed an agreement under which GE will acquire Ion Track, Inc.
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STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 16, 2002--GE Commercial Finance, through its Vendor Financial Services (VFS) business and Deutsche Bank AG, announced today that they have entered into a definitive agreement for GE Commercial Finance to acquire Deutsche Financial Services' commercial inventory financing businesses.
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WILTON, Conn.--(BUSINESS WIRE)--Sept. 5, 2002--GE Specialty Materials, a unit of General Electric Company (NYSE:GE), today announced that it has signed an agreement to acquire Advanced Ceramics Corporation and Advanced Ceramics International Corporation (ACC and ACIC).
Advanced Ceramics is a specialty, high temperature ceramics company. Advanced Ceramics is a leading global producer of boron nitride powders, shapes, and coatings as well as other specialty ceramics. Their products are used in a breadth of industries, ranging from semiconductors to cosmetics.
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STAMFORD, Conn.--(BUSINESS WIRE)--Sept. 4, 2002--GE Commercial Finance, the commercial lending, financing and leasing business of the General Electric Company, today announced it has agreed to purchase most of the Structured Finance unit of ABB, the global power and automation technology group, for total cash proceeds, including ABB debt and equity, of US$2.3 billion.
The acquisition significantly broadens the products and services offered by GE Commercial Finance's structured and equipment finance operations, especially across Europe.
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ALBANY, N.Y.--(BUSINESS WIRE)--Sept. 3, 2002--GE Global Research and Albany Medical Center will open the Neurosciences Advanced Imaging Research Center today, featuring a new GE 3.0T Magnetic Resonance Imaging (MRI) system dedicated to neurodegenerative disease research.
The goal of the research at the new center, located at Albany Medical Center, is to discover new and unique technologies and methodologies to diagnose Alzheimer's and other neurodegenerative diseases.
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GE Plastics Global Aesthetics Resins Program Reaches $175 Million in Revenues; Industry Leading Visualfx Resin Technology Used in Over 300 Product Applications Since 1999 PITTSFIELD, Mass.--(BUSINESS WIRE)--Sept. 3, 2002--GE Plastics, a division of General Electric Company (NYSE:GE) headquartered here, announced today that its global aesthetics resins programs featuring the engineering thermoplastics industry's broadest portfolio of finish and color options have reached over $175 million in sales since its inception in 1999.