MENLO PARK, Calif. & FAIRFIELD, Conn.--(BUSINESS WIRE)--June 24, 2002--Francisco Partners, the world's largest technology buyout fund, today announced a definitive agreement with General Electric Company (NYSE: GE) to acquire GE's business-to-business (B2B) e-commerce company, GE Global eXchange Services (GXS).
FAIRFIELD, Conn.--(BUSINESS WIRE)--June 19, 2002--General Electric today announced the appointment of three company officers.
Ruben C. Berumen, 45, is President and CEO, Power Controls B.V. at GE Industrial Systems. His previous position was President and CEO of GE Medical Systems OEC and General Manager, Global Vascular and X-Ray. Berumen holds a master's degree in international management from the American School of International Management and a bachelor's degree in electrical engineering from the University of Notre Dame.
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STAMFORD, Conn.--(BUSINESS WIRE)--June 19, 2002--
- Offers Comprehensive Line of Financing Products and Services,
Strong Industry Expertise and Commitment to Client Success -
GE Capital today announced the formal launch of a new business unit, GE Capital Healthcare Financial Services, focused on providing capital, financial solutions and related services to the healthcare industry.
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GAITHERSBURG, Md. & SAN MATEO, Calif.--(BUSINESS WIRE)-- June 17, 2002--
Enables Buying Organizations to Reduce Overhead Costs of Managing
Supplier Catalogs
GE Global eXchange Services (NYSE:GE), a leader in business-to-business Internet commerce, and Poet Software (Neuer Markt:POXA), a leader in enabling B2B eCommerce through eCatalog content management, today announced that they will team to provide hosted catalog management services to Global 1000 companies.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--June 14, 2002--The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.18 per outstanding share of the Company's common stock.
The dividend is payable July 25, 2002 to shareowners of record at the close of business on June 28, 2002. The ex-dividend date is June 26, 2002.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--May 14, 2002--GE announced today that Sarah Hughes, the 2002 Olympic Gold Medallist in Women's Figure Skating, will join the Company in a multi-year partnership as a GE spokesperson.
Sarah will participate in a number of GE-sponsored events to increase public awareness regarding health issues, with particular emphasis on their impact on women and children. Sarah will also serve as a GE "ambassador" at selected community events, especially those targeted to educational outreach.
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GAITHERSBURG, Md.--(BUSINESS WIRE)--May 8, 2002--
Reverse auctions over the Internet have enabled GXS's global customers
to reduce the price of goods and services procured by 7% to 39%
GE Global eXchange Services (NYSE: GE), a leader in business-to-business Internet commerce, today announced that customers using its reverse auction tools have collectively saved more than $200 million though price deflation on goods and services procured during the first quarter of 2002.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--May 8, 2002--GE remains on track to deliver record earnings in 2002 of more than $16.5 billion ($1.65-$1.67 per share before accounting changes), GE Chairman and CEO Jeff Immelt told analysts at an industry meeting today.
Immelt also said that GE remains comfortable with consensus estimates for double-digit earnings growth targets in 2003.