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.
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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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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GAITHERSBURG, Md.--(BUSINESS WIRE)--Sept. 17, 2002--GE Global eXchange Services (GXS), a leader in business-to-business Internet commerce, today announced that it is a winner of the 2002 Exceptional Achievement Award from eAI Journal, a global publication in e-business and application integration.
The 2002 Exceptional Achievement Awards recognize outstanding overall performance in the eAI Journal awards program. GXS is one of only four companies to qualify for this prestigious award.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Sept. 16, 2002--The General Electric Company has received a request for its voluntary cooperation in an informal investigation that the U.S. Securities and Exchange Commission (SEC) is conducting in connection with the employment and post-retirement agreement of former GE CEO John F. Welch.
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ALBANY, N.Y.--(BUSINESS WIRE)--Sept. 3, 2002--GE Global Research and Albany Medical Center will open the Neurosciences Advanced Imaging Research Center today, featuring a new GE 3.0T Magnetic Resonance Imaging (MRI) system dedicated to neurodegenerative disease research.
The goal of the research at the new center, located at Albany Medical Center, is to discover new and unique technologies and methodologies to diagnose Alzheimer's and other neurodegenerative diseases.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Aug. 29, 2002--GE Chairman and CEO Jeff Immelt announced today that the Company will combine its GE Appliances and GE Lighting businesses into a single business to be called GE Consumer Products.
"GE has a rich heritage of providing customers with essential, inventive home products," Immelt said. "Because Appliances and Lighting have powerful connections with similar consumer bases, we believe they will now be able to grow more successfully together than either would on its own.