New White Light LED Technology Innovation From GELcore; Patent-Pending Phosphor Can Be Combined With Visible LED Chips To Create Highly Desired White Light LEDs VALLEY VIEW, Ohio--(BUSINESS WIRE)--Feb. 6, 2002--The lighting industry is about to receive an innovation that will expand the market penetration of white light LEDs in several key segments.
FAIRFIELD, CT.--February 1, 2002--The U.S. Environmental Protection Agency (EPA) today officially selected dredging as the clean-up approach for PCBs in the Hudson River, ending the remedy selection phase of EPA's process. While GE does not believe that dredging is the right approach for the river or upper river communities, EPA has the ultimate authority under law to select the clean-up plan.
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GE Capital to Acquire Time Retail Finance From Kingfisher PLC And Enter Into Agreements With Their Leading UK Retailers - B&Q And Comet LONDON--January 28, 2002--GE Capital, the financial services arm of the General Electric Company, announced today that its Global Consumer Finance division will acquire Kingfisher plc's in-house finance operation, Time Retail Finance, for (pound)149 million (based on the balance sheet of 31st January 2001).
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GE Glegg Water Technologies Inc. Announces Name Change to GE Water Technologies Inc. GUELPH, Ontario--(BUSINESS WIRE)--Jan. 28, 2002-- Signals continuing commitment to water treatment industry GE Glegg Water Technologies Inc., a leading expert in providing innovative pure water solutions for industrial and engineering companies worldwide, has formally announced its new name, GE Water Technologies Inc., a division of GE Power Systems.
GE Water Technologies will remain in Guelph, Ontario, Canada. The main divisions of GE Water Technologies are:
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GE Industrial Systems Extends Tender Offer for Shares of Interlogix, Inc. PLAINVILLE, Conn.--(BUSINESS WIRE)--Jan. 24, 2002--GE Industrial Systems, a division of General Electric Company (NYSE: GE), today announced that the tender offer for shares of Interlogix, Inc.
(NASDAQ: ILXI), which was commenced on December 28, 2001 and is currently scheduled to expire at midnight, New York City time on January 28, 2002, will be extended to expire at 6:00 p.m., New York City time, on February 11, 2002, to allow for the expiration of foreign regulatory review periods.
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GE Power Systems Completes Acquisition of Bently Nevada ATLANTA--(BUSINESS WIRE)--Jan. 24, 2002--GE Power Systems (NYSE:GE) announced today it has completed the acquisition of Bently Nevada Corporation, a global leader in machinery monitoring and diagnostics.
GE initially announced its intent to acquire the electronics manufacturer in November. No financial terms of the agreement were disclosed.
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STAMFORD, Conn.--(BUSINESS WIRE)--Jan. 24, 2002--GE Capital, through its Commercial Real Estate and Commercial Finance businesses, and DaimlerChrysler (Global Share: DCX) announced today that they have entered into a definitive agreement for GE Capital to acquire DaimlerChrysler Capital Services' Commercial Real Estate and Asset Based Lending portfolios.
DaimlerChrysler Capital Services is a wholly owned subsidiary of DaimlerChrysler. Under the terms of the agreement, DaimlerChrysler will receive $1.2 billion for the portfolios in an all cash transaction.
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NISKAYUNA, NY--(BUSINESS WIRE)--Jan. 18, 2002--GE announced today that it is investing more than $100 million in a multi-year project to modernize its research and development headquarters here. The newly renamed GE Global Research Center will be a state-of-the-art research lab and hub for new technology innovations at GE.