FAIRFIELD, CT.--February 1, 2002--The U.S. Environmental Protection Agency (EPA) today officially selected dredging as the clean-up approach for PCBs in the Hudson River, ending the remedy selection phase of EPA's process. While GE does not believe that dredging is the right approach for the river or upper river communities, EPA has the ultimate authority under law to select the clean-up plan.
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NISKAYUNA, NY--(BUSINESS WIRE)--Jan. 18, 2002--GE announced today that it is investing more than $100 million in a multi-year project to modernize its research and development headquarters here. The newly renamed GE Global Research Center will be a state-of-the-art research lab and hub for new technology innovations at GE.
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GENERAL ELECTRIC COMPANY
Condensed Statement of Earnings
Consolidated GE GECS
-------------------- -------------- --------------
Fourth
quarter ended
December 31 2001 2000 2001 2000 2001 2000
---------- -------- ------ ------ ------ ------
Revenues
Sales of
goods and
services $18,987 $19,746 $18,221 $17,445 $821 $2,378
Earnings
of GECS - - 1,407 1,227 - -
GECS revenues
from
services 14,983 15,118 - - 15,112 15,204
Other income 5 117 48 127 - -
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Jan. 17, 2002--GE achieved record earnings and cash generation in 2001, the Company announced today, with 11% increases in earnings and earnings per share (EPS) and 12% growth in cash flow from operating activities.
"2001 was an especially challenging year," said GE Chairman and CEO Jeff Immelt. "Despite a global recession and the September 11 terrorist attacks, we delivered double-digit earnings growth. This is a tribute to our great global team and the strength of the GE business model."
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Jan. 3, 2002--General Electric today announced the appointment of three company officers.
Jeffrey Malehorn, 40, has been named Chief Executive Officer of GE Capital Global Financial Restructuring. Glen A. Messina, 40, has been named Vice President & CFO of Card Services at GE Capital. Roger N. Seager, 51, has been named Vice President of Marketing & Sales at GE Aircraft Engines.