BEIJING, CHINA (March 7, 2003) --- General Electric Power Systems (GEPS) today signed a series of contracts with five Chinese power producers. An additional contract will be signed shortly bringing the total contract value to approximately US$900 million to provide 13 GE 9FA gas turbine-based combined cycle systems.
FAIRFIELD, Conn.--(BUSINESS WIRE)--March 7, 2003--GE's 2002 Annual Report is now available on the company's Web site at www.ge.com/investor.
The report, titled "Only GE," includes Chairman and CEO Jeff Immelt's letter to stakeholders, in which he discusses the company's performance in 2002 and defines his team's strategy to transform GE into a "global Technology, Services and Financial enterprise capable of expanding growth, cash, and returns on capital through the cycles."
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WATERFORD, N.Y.--(BUSINESS WIRE)--March 7, 2003--GE Silicones announces the introduction of the Company's newest innovation for electronics gasketing and staking applications, LVG342 low volatile silicone adhesive. Formulated for use by aerospace, avionics and other specialty electronics manufacturers, LVG342 adhesive offers low volatility, controlled out-gassing and excellent compression set properties.
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STAMFORD, Conn.--(BUSINESS WIRE)--March 6, 2003--General Electric Capital Corporation (GE Capital) announced today that it has provided a full and unconditional guarantee of the medium-term notes issued by its subsidiary, Heller Financial Inc., under its Senior Debt Indenture and Subordinated Debt Indenture, each dated September 1, 1995, as amended.
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CLEVELAND--(BUSINESS WIRE)--March 5, 2003-- Results in More Than 2,000 Unsolicited Testimonials from Consumers GE's launch of Reveal(TM) -- the bulb that uncovers pure, true light -- now represents the most successful launch in the lighting business' 120 year history. From its introduction, just 18 months ago, more than 100 million Reveal bulbs have now been sold.
But more than just the sales achievement, Reveal has actually changed the lighting category by getting consumers to think about light bulbs in a different way.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--March 4, 2003--The world changed on September 11, 2001, and so did the way most people think about security. New security threats have caused homeowners, corporations, and the U.S. government to examine their vulnerabilities and increase their security spending accordingly. The government's General Accounting Office reports that $561 million was spent on airport security alone in 2002 - representing a dramatic increase above the $57 million spent in 2000.
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WILTON, Conn.--(BUSINESS WIRE)--Feb. 28, 2003--GE Specialty Materials, a unit of General Electric Company (NYSE: GE), announced today it has completed its acquisition of Osmonics, Inc. (NYSE: OSM), a global manufacturer and marketer of high-technology water purification, filtration and water handling systems
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Feb. 27, 2003--From Marbury v. Madison to Martin Luther King, the pursuit of freedom has been a common theme throughout history. Kansas City area GE businesses (GE ERC, GE Consumer Finance, and GE Transportation Systems Global Signaling) are joining Kansas City Public Television (KCPT) to bring this important story to Kansas City.
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ATLANTA, GEORGIA (February 27, 2003) --- GE Wind Energy will supply 80 wind turbines for a new, 120-megawatt facility in California's Mojave Desert that will be the first wind project for Los Angeles Department of Water and Power (LADWP), the nation's largest municipally owned utility.