MENLO PARK, Calif. & FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 27, 2002--Francisco Partners, the world's largest technology buyout fund, and GE today announced the completion of Francisco Partners' acquisition of GE Global eXchange Services, a business-to-business (B2B) e-commerce leader.
Global Exchange Services (GXS), as the company will be known, will operate as an independent, privately-held business based in Gaithersburg, MD. Harvey Seegers, currently president and CEO of GXS, will continue to lead the company.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 24, 2002--In accordance with Regulation FD, GE issues the following notice:
GE will Webcast its scheduled meeting with analysts on Thursday, September 26. At the meeting, Scott C. Donnelly, GE Senior Vice President for Global Research, and other GE technical and business leaders will discuss how technology leadership drives GE's growth agenda. In addition, GE Senior Vice President and CFO Keith S. Sherin will report that the Company's results are on track for the third quarter.
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Dubai, September 25, 2002 ---- General Electric has announced the merge of its GE Appliances and GE Lighting businesses to form GE Consumer Products. The new scheme, which combines the two operations globally, is effective immediately and will be mutually beneficial for both businesses.
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GE Industrial Systems Completes Acquisition of NovaSensor PLAINVILLE, Conn.--(BUSINESS WIRE)--Sept. 23, 2002--GE Industrial Systems, a division of General Electric Company (NYSE: GE), announced today that it has completed its acquisition of NovaSensor Inc., which was formerly a subsidiary of TRW Inc. (NYSE: TRW).
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GE Hydro Generators to Boost Capacity at Two Hydro-Quebec Power Plants QUEBEC & LACHINE, Canada--(BUSINESS WIRE)--Sept. 23, 2002--GE Hydro, a unit of GE Power Systems, has been awarded a contract valued at more than CDN $40 million by Hydro-Quebec for the supply and installation of eight hydroelectric generators at two power stations near the city of Cadillac.
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CLEVELAND--(BUSINESS WIRE)--Sept. 23, 2002--
For the Fourth Straight Year, GE Will Contribute Approximately 5,000 Volunteer Hours in One Day!
Approximately 600 local General Electric (GE) employees and retirees, many of them from GE Lighting, will contribute more than 5,000 volunteer hours in a single day to make over the 350-acre Girl Scouts of Lake Erie Council (GSLEC) Camp Julia Crowell/Hilaka, located at 4374 Broadview Road in Richfield, OH.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 19, 2002--General Electric has announced the appointment of two new company officers.
Brian Gladden, 37, is Vice President, Finance for GE Plastics, serving in this role since August 2002. Gladden joined GE in 1988. A graduate of GE's Financial Management Program, he has also spent five years on the Corporate Audit Staff, and has held positions in engineering, finance, and business development at GE Aerospace, GE Medical Systems and GE Plastics. He holds a B.S. in Finance from Millersville University.
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Kuwait, September 19, 2002 ---- GE Aircraft Engines has won a contract to supply GE T700-701C helicopter engines to the Government of Kuwait. The new engines will power the government's new fleet of 16 Boeing AH-64D Apache Longbow attack helicopters.
The contract, valued at US$30 million, allows for the supply of 32 engines to be installed on the new fleet of helicopters, as well as four spares. The T700-701C powers the latest AH-64A/D Apaches and H-60 Black Hawk variants.
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World's Most Powerful Jet Engine Takes Off; The GE90-115B Completes Its First Flight, On Track For Certification MOJAVE, Calif.--(BUSINESS WIRE)--Sept. 18, 2002--Today, the world's most powerful jet engine, being developed by GE Aircraft Engines (GEAE), completed its first flight aboard GEAE's unique Boeing 747 Flying Testbed in Mojave, California.