WILMINGTON, N.C.--(BUSINESS WIRE)--May 6, 2005--GE Energy has signed an agreement with NuStart Energy Development LLC, under which GE will design and seek an NRC license for its next-generation ESBWR (Economic Simplified Boiling Water Reactor) for one of two proposed projects to be sited at existing U.S. nuclear power plants.
FAIRFIELD, Conn.--(BUSINESS WIRE)--May 6, 2005--GE today is amending its 2004 Form 10K to restate its financial statements for the years 2002 through 2004, and certain financial information for the year 2001 and each quarter in 2003 and 2004. The cumulative effect of these changes is a non-cash earnings increase of $381 million from 2001 through the first quarter of 2005, less than six-tenths of one percent of GE's earnings over this period.
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Controllership processes worked to identify SFAS 133 issue and correct.
Controllership processes worked to identify SFAS 133 issue and correct. $381 million positive cumulative impact for 2001 - 1Q05. TY 2005 EPS guidance is reaffirmed at $1.78 - $1.83, up 11-14%.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--May 5, 2005--GE will Webcast a conference call on Friday, May 6, at 8:00 a.m. ET. On the call, GE executives will provide an operational, strategic and financial update. In addition, GE is reaffirming its previous 2005 earnings per share guidance of $1.78-$1.83.
The call can be accessed at www.ge.com/investor on 800-322-2803, passcode 42801571 (international 617-614-4925. Material related to the call will be available on the Web site Friday morning shortly before the call begins.
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CLEVELAND--(BUSINESS WIRE)--May 3, 2005--New ultra-bright Nighthawk(TM) replacement automotive headlamp bulbs from GE are now available at retailers throughout the U.S. and Canada. Nighthawk bulbs give consumers the brightest GE automotive lamps available and offer greater night driving confidence. Traffic death rates are three times greater at night than during the day, according to the National Safety Council.
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CLEVELAND--(BUSINESS WIRE)--May 3, 2005--New ultra-bright Nighthawk(TM) replacement automotive headlamp bulbs from GE are now available at retailers throughout the U.S. and Canada. Nighthawk bulbs give consumers the brightest GE automotive lamps available and offer greater night driving confidence. Traffic death rates are three times greater at night than during the day, according to the National Safety Council.
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GE to be company with largest presence in DIC
Dubai, April 30, 2005: GE, the global technology, media and financial services company, today announced that it will establish its new Middle East and Africa headquarters at Dubai Internet City (DIC). GE's move allows the diversified technology products and services provider to benefit from DIC's world-class infrastructure and environment and is part of its plans to expand its operations in the region.
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SOUTHFIELD, Mich.--(BUSINESS WIRE)--April 28, 2005--Demonstrating another example of its commitment to provide technically advanced material solutions to automotive customers across the globe, GE Advanced Materials, Automotive has introduced a reinvigorated Instrument Panel (IP) program, featuring several new high-performance acrylonitrile-butadiene-styrene (ABS) and polycarbonate (PC) grades, as well as an expanded range of world-class technical resources and support.