WILTON, Conn.--(BUSINESS WIRE)--Dec. 1, 2005--GE has joined the Ministry of Agriculture of China in a strategic partnership designed to meet the huge demand on that country's agricultural resources, a vital development in a country where much of the workforce is comprised of farmers and where remote locations require agro-technical support.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 1, 2005--GE (NYSE: GE) today announced the pricing of its secondary public offering of Genworth's Class A Common Stock. GE agreed to sell a total of 38 million shares to Morgan Stanley & Co. Incorporated, the sole underwriter of the offering, at a price of $34.66 per share. GE granted an over-allotment option to permit the underwriter to purchase an additional 2.85 million shares.
business unit
tags
FAIRFIELD, Conn.--(BUSINESS WIRE)--Nov. 30, 2005--GE (NYSE: GE) today announced it intends to commence a secondary public offering of 38 million shares of Genworth's Class A Common Stock on December 1, 2005 and to price the offering after the close of trading on that day.
The timing of this offering will allow shares to be sold to meet anticipated investor demand for Genworth shares following Standard & Poor's announcement last night of its intention to add Genworth to its S&P 500 Index as of the close of trading on December 1, 2005.
business unit
tags
FAIRFIELD, Conn.--(BUSINESS WIRE)--Nov. 18, 2005--GE (NYSE: GE):
-- Agrees to sell most of Insurance Solutions business to Swiss Re
-- Sees faster earnings growth from continuing operations, 2006 EPS up 12-17%
-- CFOA up 20%, to $24 billion in 2006
-- Increases quarterly dividend 14% to $0.25 per share
-- Increases stock buyback from $15 billion to $25 billion through 2008
business unit
tags
GE announced sale of most of its Insurance Solutions including ERC; Enables 14% dividend increase and expanded share repurchase plan. Jeff Immelt hosted a webcast to discuss Insurance disposition and 2006 outlook.
GE announced sale of most of its Insurance Solutions including ERC; Enables 14% dividend increase and expanded share repurchase plan. Jeff Immelt hosted a webcast to discuss Insurance disposition and 2006 outlook.
Listen to the Audio Presentations:
business unit
tags
KANSAS CITY, Mo.--(BUSINESS WIRE)--Nov. 9, 2005--Commercial property values must be correctly quantified by agents, brokers and customers so that insurers are able to charge adequate premiums for the risks they assume, according to Tom Smith, Vice President, Regional Product Leader, for GE Insurance Solutions.
Smith has authored a white paper called "Getting It Right: Property Insurance Values" in which he highlights the dangers to insurers as well as customers of under-valuing property and business interruption risks.
business unit
tags
FAIRFIELD, Conn.--(BUSINESS WIRE)--Nov. 7, 2005--General Electric Company (NYSE: GE) today announced the appointment of Lloyd G. Trotter as a GE executive vice president focusing on operations and James P. Campbell as president and CEO of GE Consumer & Industrial, succeeding Trotter.
business unit
tags
NISKAYUNA, N.Y.--(BUSINESS WIRE)--Oct. 17, 2005--Mark M. Little, 52, has been named Director of GE Global Research, the centralized research organization of General Electric (NYSE: GE). Little becomes the ninth director of the organization that was founded in 1900 and was the first industrial lab in the United States. He succeeds Scott C. Donnelly, who left in July to become president and CEO of GE Aircraft Engines.