FAIRFIELD, Conn.--(BUSINESS WIRE)--Dec. 15, 2003--GE will Webcast its previously announced meeting with investors on Tuesday, Dec. 16. At the meeting, GE Chairman and CEO Jeff Immelt will review 2003 and discuss the company's previously announced outlook for 2004 and 2005. The presentations will be available 3 p.m. ET on Tuesday at www.ge.com/investor.
Board of Directors of GE today declared an increased quarterly dividend of $0.20 per outstanding share of its common stock.
The dividend increase of 5%, from $0.19 per share, was approved in late November and marks GE's 28th consecutive annual increase. GE has paid a quarterly dividend without interruption since 1899.
The dividend is payable January 26, 2004, to shareowners of record on December 31, 2003. The ex-dividend date is December 29.
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The transformation of GE's business portfolio for faster long-term growth in earnings, cash and returns is on track, GE Chairman and CEO Jeff Immelt told investors today.
Immelt discussed the company's plan announced yesterday to pursue an initial public offering (IPO) of Genworth Financial, Inc., and made the following points about the company's earnings outlook:
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GE announced today its intention to pursue an initial public offering (IPO) of a new company named Genworth Financial, Inc. that will comprise most of its life and mortgage insurance operations. GE expects to file a registration statement with the U.S. Securities and Exchange Commission in the first half of January 2004 and complete the IPO in the first half of 2004, subject to market conditions and receipt of various regulatory approvals.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Oct. 27, 2003--GE will Webcast its previously announced meeting with analysts on Wednesday, Oct. 29. The presentations will cover GE's financial services businesses, with a focus on Commercial Finance and Consumer Finance businesses, and will also review the proposed GE-Amersham transaction. The presentations will be available at www.ge.com/investor starting at noon.
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SHANGHAI, China--Oct. 24, 2003--General Electric (NYSE: GE) officially opened today its new China Technology Center in Zhangjiang Hi-tech Zone, Shanghai. This US$64 million center is the latest facility to join GE's worldwide technology development efforts, which include the GE Global Research Center in Niskayuna, New York (1,800 employees), the John F. Welch Technology Center in Bangalore, India (1,600 employees) and the Europe Technology Center, in Munich, Germany (scheduled to open in early 2004).
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LONDON & FAIRFIELD, Conn.--(BUSINESS WIRE)--Oct. 10, 2003--General Electric Company and Amersham plc today announced that, subject to regulatory approval and other customary conditions, they have reached agreement on the terms of an all-stock transaction whereby GE (via General Electric Company and GE Investments, Inc.) will acquire all the outstanding shares of Amersham, a world leader in diagnostic imaging agents and life sciences.