FAIRFIELD, Conn.--(BUSINESS WIRE)--March 7, 2005--GE today announced plans to sell up to 82 million shares of the Class A Common Stock of Genworth Financial, Inc. (Genworth, NYSE: GNW) through a secondary public offering and a sale to Citigroup Global Markets Inc., an affiliate of which intends to conduct a public offering of a security exchangeable for Genworth Class A shares.
FAIRFIELD, Conn.--(BUSINESS WIRE)--March 1, 2005--GE's 2004 Annual Report is now available on the company's Web site at www.ge.com/investor.
The annual report, titled "Our Time," reviews GE's 2004 performance, including the completion of major changes to its portfolio of businesses and its prospects for double-digit earnings growth.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Feb. 11, 2005--The Board of Directors of GE today authorized a regular quarterly dividend of $0.22 per outstanding share of its common stock. The dividend is payable April 25, 2005 to shareowners of record at the close of business on February 28, 2005. The ex-dividend date is February 24, 2005.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Jan. 21, 2005--GE achieved record fourth-quarter revenues of $43.7 billion, up 18% from fourth quarter 2003, and record fourth-quarter earnings of $5.4 billion, also up 18%, the company announced today. Full-year 2004 earnings were $16.6 billion, up 6% from 2003 earnings before required accounting changes. Cash flow from GE's operating activities (CFOA) in 2004 increased 18% to $15.2 billion.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 22, 2004--GE today announced the appointment of a new company officer.
George Awad, 44, is Vice President, Global Marketing, GE Consumer Finance, a role he began in April 2000. Awad is charged with driving global growth for the business through strategic marketing and brand initiatives.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 16, 2004--The GE Foundation announced today that it is establishing the Greatest Generation Scholarships Program, investing $2 million in scholarships for high-need New York City students who exhibit a commitment to community service. The program is being established in honor of Tom Brokaw, who recently stepped down as anchor and managing editor of "NBC Nightly News," and is named after Brokaw's best-selling book about the generation of men and women who helped transform America after World War II.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 14, 2004--GE expects to deliver double-digit earnings growth in fourth quarter 2004, 2005 and for the foreseeable future, GE Chairman and CEO Jeff Immelt told investors today at the company's meeting on its outlook for the coming year. The meeting is being Webcast at www.ge.com starting at 3 p.m.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 13, 2004--GE will Webcast its previously announced meeting with investors on Tuesday, Dec. 14 at 3 p.m. ET. At the meeting, GE Chairman and CEO Jeff Immelt will discuss the company's outlook for 2005 and 2006. The meeting and related materials will be available at www.ge.com/investor.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 10, 2004--The Board of Directors of GE today raised the Company's quarterly dividend 10% to $0.22 per outstanding share of its common stock and authorized the repurchase of up to $15 billion of its common stock over the next three years.
"GE has tremendous prospects for growth in earnings and cash flow," said GE Chairman and CEO Jeff Immelt.