Tuesday, February 12, 2008

Recent News: Dividend, GE Aviation, GE Healthcare, GE Money, United Kingdom, and GE Powered 777-300ER

GE Board of Directors Authorizes Regular Quarterly Dividend
The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.31 per outstanding share of the Company's common stock. The dividend is payable April 25, 2008 to shareowners of record at the close of business on February 25, 2008. The ex-dividend date is February 21, 2008....

GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...

GE Healthcare’s arm to scale up business
GE Healthcare’s life sciences business unit is targeting to scale up its revenue from sales by 40 per cent in the country by the end of this year. While its sales are now pegged at $18.5 million, the company proposes to increase it to $27 million by enhancing the sale of equipment to large biotech and pharma companies such as Biocon, Shantha and Biotechnic....

U.S. congressman decries GE Money's move to UK
New York congressman on Friday decried General Electric Co's plan to move its core consumer financial arm's headquarters to London from Connecticut, calling it a "call to action" for policymakers....

GE: Imagination at Work (But Not So Much In the U.S.)
In England, they shipped all their troublesome people to Australia. At General Electric, apparently they ship them to London. In another blow to U.S. pride and corporate tax revenue, the conglomerate is packing up its consumer-finance division from its current Stamford, Conn., headquarters and sending it to London, England. But can the unit flee its problems?...

GE Money relocating to London
US conglomerate General Electric has decided to relocate the headquarters of its key consumer financing business, GE Money, from Connecticut to London, a GE spokesman said Friday....

GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...

GE probes three 777-300ER power-loss incidents
An unusual rash of engine shutdowns since early December has temporarily stranded three normally reliable General Electric-powered Boeing 777-300ERs....

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