EAST HANOVER, N.J. & STAMFORD, Conn.--(BUSINESS WIRE)--Comverge, Inc. announced today that it has obtained a $40 million senior credit facility from GE Energy Financial Services to expand its clean energy programs, which reduce energy costs by increasing available electric capacity during periods of peak electricity demand.
GE announced today record full-year 2006 earnings from continuing operations of $20.7 billion or $1.99 per share, up 11% and 13%, respectively, from 2005. Full-year revenues from continuing operations were also a record $163.4 billion, up 10%, increasing 9% organically.
GE announced today record full-year 2006 earnings from continuing operations of $20.7 billion or $1.99 per share, up 11% and 13%, respectively, from 2005. Full-year revenues from continuing operations were also a record $163.4 billion, up 10%, increasing 9% organically.
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January 19, 2007 06:31 AM Eastern Time
Reports Strong Results -- EPS up 14% in Fourth Quarter, 13% for the Year
Reports Restatement Relating to Commercial Paper; No Cash Flow or Liquidity Impact
2006 Highlights (Continuing Operations and Prior Periods Restated)
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FAIRFIELD, Conn. and ABBOTT PARK, Ill.--(BUSINESS WIRE)--General Electric Company (NYSE: GE) and Abbott (NYSE: ABT), a global leader in medical diagnostic instruments and tests, announced today that they have entered into a definitive agreement for GE to acquire Abbott's primary in vitro diagnostics businesses and Abbott Point-of-Care diagnostics business (formerly known as i-STAT) for $8.13 billion in cash. Abbott's Molecular Diagnostics and Diabetes Care businesses are not part of the transaction and will remain part of Abbott.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE announced today record full-year 2006 earnings from continuing operations of $20.7 billion or $1.99 per share, up 11% and 13%, respectively, from 2005. Full-year revenues from continuing operations were also a record $163.4 billion, up 10%, increasing 9% organically.
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WILMINGTON, N.C.--(BUSINESS WIRE)--GE Energy's (NYSE: GE) nuclear business has been awarded the contract to oversee and implement an extended power uprate (EPU) of the Monticello Nuclear Generating Plant in Minnesota, boosting the plant's output to 120% of its original licensed thermal power. The contract is valued at more than $100 million.
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NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), today announced a promising breakthrough in nanotechnology that provides a direct pathway to making nanoceramic materials from polymeric precursors. Developing processes and a greater understanding of nano-engineered ceramics could lead to future applications in aviation and energy, where products such as aircraft engines and gas turbines could one day achieve new levels of efficiency, reliability and environmental performance.
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ARLINGTON, Va. & STAMFORD, Conn.--(BUSINESS WIRE)--In a breakthrough toward US leadership in carbon reduction, the AES Corporation (NYSE:AES) and GE Energy Financial Services, a unit of General Electric (NYSE:GE), announced today that they intend to create a partnership to develop greenhouse gas emission reduction projects in the United States.