SYDNEY, Australia--(BUSINESS WIRE)--Sept. 19, 2006--General Electric Company (GE) launches its global clean energy and water initiative - called ecomagination - in the Australian market at Sydney's Powerhouse Museum today. John Rice, GE Vice Chairman and President & CEO of GE Infrastructure, convenes the meeting with government and business leaders to address Australia's unique challenges in securing adequate energy and water reserves in a resource constrained world.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 14, 2006--GE (NYSE: GE) today announced that it has signed a definitive agreement to sell GE Advanced Materials (Silicones & Quartz) to Apollo Management, L.P., a private investment firm in a deal valued at approximately $3.8 billion in cash and securities. Upon completion of the transaction, GE will receive a 10% ownership stake in the new company and hold $400 million of notes. The closing of the transaction is subject to customary conditions, including the receipt of regulatory approvals, and is expected to occur before the end of 2006.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 8, 2006--The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.25 per outstanding share of the Company's common stock. The dividend is payable October 25, 2006 to shareowners of record at the close of business on September 25, 2006. The ex-dividend date is September 21, 2006.
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NEW YORK & FAIRFIELD, Conn.--(BUSINESS WIRE)--Aug. 28, 2006--mtvU, MTV's 24-hour college network, and GE, today announced a partnership to inspire college students to make a meaningful environmental impact on their campuses and beyond. As part of the mtvU GE ecomagination Challenge, the team proposing the most impactful and innovative project to "green" their campus will receive a $25,000 grant towards the execution of their idea.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Aug. 23, 2006--General Electric Company Chairman and CEO Jeffrey R. Immelt today announced the appointments of John G. Rice to lead GE's Infrastructure business and Lloyd G. Trotter to head GE's Industrial business. Trotter also has been named a GE vice chairman.
"These are two strong and experienced GE leaders with excellent operating edge and proven ability to grow global businesses," Immelt said. "We are fortunate to have a deep pool of outstanding executives like John and Lloyd to help lead our Company."
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FAIRFIELD, Conn.--(BUSINESS WIRE)--July 14, 2006--Financial Highlights (Continuing Operations):
-- Revenues of $39.9 billion, up 9%; Organic revenue growth of 8%
-- Earnings of $4.9 billion, up 11%; earnings per share (EPS) of $.47, up 15%
-- Total orders up 17%
-- Five of six businesses deliver double-digit earnings growth
-- First-half cash from operating activities (CFOA) up 78% to $14.3 billion; Industrial CFOA up 9%
-- Return on average total capital (ROTC) increasing 2 points to 17.6%
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Financial Times 12 July 2006
A profile of GE's Global Research Center, and how it feeds growth for GE's many businesses.
Read "Financial Times'' profile of GE's Global Research Center, and how it feeds growth for GE's many businesses.
Read the article (PDF)