STAMFORD, Conn.--(BUSINESS WIRE)--May 6, 2003--GE Corporate Financial Services' Retail and Restructuring Group is the lead administrative agent for $2 billion in exit financing being provided to Kmart Corp. in connection with the company's emergence today from bankruptcy protection.
Kmart will use the exit financing to fund its reorganized business. A syndication group of approximately 30 institutions is participating in the transaction. Kmart originally filed for bankruptcy protection on January 22, 2002.
AUSTIN, Texas & BOCA RATON, Fla.--(BUSINESS WIRE)--April 30, 2003--GE Interlogix, Inc., a leading provider of communication and information technologies for security, safety and lifestyle enhancements, today announced the appointment of Juan Cabezas as Senior Vice President of Global Marketing and Strategic Alliances.
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GE Completes Acquisition of International Fiber Systems PLAINVILLE, Conn.--(BUSINESS WIRE)--April 30, 2003--GE Industrial Systems, a $6 billion unit of the General Electric Company (NSYE: GE) announced today it has completed the acquisition of International Fiber Systems, Inc. (IFS), a provider of advanced, digital fiber optic transmission products and systems for electronic security and intelligent transportation systems.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--April 28, 2003--Nancy P. Dorn, a former senior adviser to President Bush, Vice President Cheney and House Speaker Dennis Hastert, has been named Vice President, Corporate Government Relations for the General Electric Company, GE General Counsel Benjamin W. Heineman announced today.
Dorn, 44, will head GE's federal and state government relations staff and will have a central role in shaping GE's international government relations priorities and strategies. Her appointment is effective May 1, 2003.
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ST. LOUIS--(BUSINESS WIRE)--April 28, 2003--GE TIP, a leader in trailer fleet solutions, today introduced GE VeriWise(TM) asset tracking for trailers, an innovation designed to help privately owned fleets and trucking companies improve their productivity and logistics management capabilities. The introduction was made at the National Private Truck Council meeting here.
The latest innovation from GE will allow customers to easily locate tethered and untethered trailers anywhere in North America.
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ATLANTA, GEORGIA (April 22, 2003) --- At a contract signing ceremony held recently in Shanghai, GE Network Solutions, a leading supplier of innovative technology solutions to the utilities industry, was awarded its largest Energy Management Services contract ever in China, by Shanghai Municipal Electric Power Company (SMEPC) in Shanghai.
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CHARLOTTE, N.C.--(BUSINESS WIRE)--April 22, 2003--GE Fund and GE Plastics Donate $125,000 to Five Charlotte-Mecklenburg Elementary Schools
Ask any child where plastic comes from and nearly a third will say a rubber tree plant, a plastic tree or even outer space(1).
Today, GE Plastics, a division of General Electric Company (NYSE: GE), hostedLEXAN(R) Resin Innovation Day to help local schoolchildren learn about the impact plastic has on their everyday lives and to generate excitement about science by encouraging imaginative thinking.