Immelt’s Letter to Shareholders Outlines GE’s Plans for American Renewal
Jeff Immelt, Chairman and CEO of General Electric, recently released his annual letter to shareholders in which he outlined GE’s strategy for job growth in America.
“GE wants to help lead an American growth renewal,” said Immelt. “We are investing more in technology than at any time in our history. We are rebuilding manufacturing capability. We are selling our products in every corner of the world. We are one of the country’s biggest exporters, with $18 billion in export-related revenue. We are financing small and medium-sized companies and working with them to grow their businesses.”
http://www.ge.com/ar2009/letter.html
Showing posts with label Shareholders. Show all posts
Showing posts with label Shareholders. Show all posts
Monday, March 15, 2010
Friday, October 31, 2008
Recent News: Commercial paper, stock performance, earnings, batterys, innovation, annual shareholder meeting, and Immelt quote
GE Can't Shed Those Unwanted Pounds
There was a time not so long ago when it appeared that General Electric (NYSE: GE) was an undervalued conglomerate composed of numerous strong parts. But almost by the day it's become more likely that the company may be little more than a hodgepodge of ill-fitting businesses -- many of which it can't unload -- that are headed collectively for goodness-knows-where...
Cos Participating In US Govt's Commercial Paper Program
The following is a list of companies that have registered to participate in a program to allow companies to sell commercial paper to the Federal Reserve at a rate set daily plus a fee. The Commercial Paper Funding Facility is aimed at boosting the commercial paper market, where companies secure funding for day-to- day needs, from rent to inventory....
Gee Whiz GE!
General Electric investors were shocked late Wednesday when reports began circulating that the conglomerate’s chief executive said the company was looking to maintain its 2009 profit at 2008 levels, giving the entire stock market a kick in the teeth just as trading was ending for the day....
GE boosts bets on battery technology
With a 1914 electric car displayed outside, General Electric last week hosted a symposium on batteries for transportation and the electricity grid....
GE CEO: Cos Must Innovate Amid Current Environment
General Electric Co. (GE) Chief Executive Jeffrey Immelt said Wednesday companies must continue to emphasize research and development during the current financial crisis. They will need to innovate, especially in areas such as healthcare, education and renewable energy, he said....
Ugly Quote For GE
General Electric investors got a roller-coaster ride Wednesday afternoon following reports that the conglomerate's chief executive was looking to maintain its 2009 profit at 2008 levels....
GE to Convene 2009 Shareowners Meeting in Orlando, Florida
GE announced today that it plans to hold its 2009 Annual Meeting of Shareowners on April 22, 2009 in Orlando, Florida. GE gathers shareowners in a different city each year so as to demonstrate the performance of a different business and to illustrate the diversity and strength of the Company's business portfolio...
Dow Jones to issue "clarification" on GE story-source
Dow Jones Newswires plans to issue a "clarification" of a story that it published on Wednesday afternoon about comments that General Electric Co's chief executive made about the company's 2009 financial position, according to a source familiar with the matter....
GE calls Dow Jones Immelt report 'inaccurate'
A spokesman for General Electric Co said on Wednesday that a Dow Jones report quoting Chief Executive Jeff Immelt as forecasting flat profit in 2009 was "completely out of context and inaccurate."...
There was a time not so long ago when it appeared that General Electric (NYSE: GE) was an undervalued conglomerate composed of numerous strong parts. But almost by the day it's become more likely that the company may be little more than a hodgepodge of ill-fitting businesses -- many of which it can't unload -- that are headed collectively for goodness-knows-where...
Cos Participating In US Govt's Commercial Paper Program
The following is a list of companies that have registered to participate in a program to allow companies to sell commercial paper to the Federal Reserve at a rate set daily plus a fee. The Commercial Paper Funding Facility is aimed at boosting the commercial paper market, where companies secure funding for day-to- day needs, from rent to inventory....
Gee Whiz GE!
General Electric investors were shocked late Wednesday when reports began circulating that the conglomerate’s chief executive said the company was looking to maintain its 2009 profit at 2008 levels, giving the entire stock market a kick in the teeth just as trading was ending for the day....
GE boosts bets on battery technology
With a 1914 electric car displayed outside, General Electric last week hosted a symposium on batteries for transportation and the electricity grid....
GE CEO: Cos Must Innovate Amid Current Environment
General Electric Co. (GE) Chief Executive Jeffrey Immelt said Wednesday companies must continue to emphasize research and development during the current financial crisis. They will need to innovate, especially in areas such as healthcare, education and renewable energy, he said....
Ugly Quote For GE
General Electric investors got a roller-coaster ride Wednesday afternoon following reports that the conglomerate's chief executive was looking to maintain its 2009 profit at 2008 levels....
GE to Convene 2009 Shareowners Meeting in Orlando, Florida
GE announced today that it plans to hold its 2009 Annual Meeting of Shareowners on April 22, 2009 in Orlando, Florida. GE gathers shareowners in a different city each year so as to demonstrate the performance of a different business and to illustrate the diversity and strength of the Company's business portfolio...
Dow Jones to issue "clarification" on GE story-source
Dow Jones Newswires plans to issue a "clarification" of a story that it published on Wednesday afternoon about comments that General Electric Co's chief executive made about the company's 2009 financial position, according to a source familiar with the matter....
GE calls Dow Jones Immelt report 'inaccurate'
A spokesman for General Electric Co said on Wednesday that a Dow Jones report quoting Chief Executive Jeff Immelt as forecasting flat profit in 2009 was "completely out of context and inaccurate."...
Monday, September 15, 2008
GE Letter to Investors (09/14/2008)
From: Trevor A. Schauenberg, Vice President, Corporate Investor Communications
"In response to questions we received on Friday and because of the extraordinary market conditions, we wanted to provide our investors with additional information on GE’s financial services businesses..."
Click here to read the entire letter... (PDF)
"In response to questions we received on Friday and because of the extraordinary market conditions, we wanted to provide our investors with additional information on GE’s financial services businesses..."
Click here to read the entire letter... (PDF)
Monday, May 12, 2008
Recent News: Annual Shareholders Meeting, GE Japan, Cost-Cutting, Hybrid Vehicle, Fortune 500, and The Environment
In the spotlight: GE meeting puts Erie on national stage (VIDEO)
Jeffrey R. Immelt, chairman and CEO of General Electric Co., hardly seemed surprised by the questions or fazed by the charges."You can't do a job like this if you can't take a punch," he said Wednesday...
GE Japan's Norbom Succeeds Bertamini as CEO for China Business
General Electric Co. named Mark Norbom as chief executive officer of its China operations, succeeding Steve Bertamini, who is leaving to run Standard Chartered Plc's consumer-banking group. The appointment is effective immediately and Norbom will continue to run GE Japan until a replacement is named, spokesman Greg Farrett said. Bertamini will remain with the Fairfield, Connecticut-based company until May 16. He starts at Standard Chartered on June 1, according to an April 22 statement by the bank to the London Stock Exchange...
GE raises target for cost-cutting
General Electric Co. Chief Executive Jeffrey Immelt said Wednesday that capital markets had improved since the end of the first quarter but that the overall economic picture was unchanged, and that the company had raised its 2008 cost-cutting goal by $1 billion....
GE debuts hybrid dump truck
We have seen the advent of hybrid cars, hybrid trains and even hybrid tanks. Now General Electric (GE) has announced that it has successfully tested a giant hybrid dump truck.
Writing on the GE Global Research blog, Tim Richter an engineer in the conglomerate's hybrid vehicle team, said that the haul truck had been fitted with a hybrid system based on the same battery technology used in the hybrid locomotive the company demonstrated last year....
GE's bad idea
We knew that General Electric Co. was in a bit of trouble. Many large corporations are, as the national economy slides further toward what could be a severe recession. That much can explain GE's CEO, Jeff Immelt, appearing before an investors meeting last week vowing to do better.
What can't be so readily explained, however, is just what would compel GE, still one of the world's richest companies, to try to plead its way out of having to pay what for it is ultimately a tiny tax bill...
GE Expects To Cut $3 Billion In Costs
Less than two weeks after General Electric Co. shocked investors by reporting a 6 percent loss in first-quarter profits, CEO Jeff Immelt told shareholders at the company’s annual meeting that he expects “even more difficult times ahead” for the economy. Immelt told more than 1,000 shareholders at the company’s annual meeting in Erie, Pa. that he was disappointed that GE will fail to deliver on a promised 10 percent earnings for 2008, and said the company would “learn from our successes and failures to get better.”...
GE meeting successful by all counts
Seeing the corporate jets lined up at Erie International Airport, and the nearly 2,000 General Electric Co. shareholders at the Bayfront Convention Center on Wednesday had to leave the Erie region feeling it was part of something bigger than itself....
GE Leads 11 Connecticut Companies In Fortune 500
General Electric Corp. led 11 Connecticut companies on the latest Fortune 500 list, which was published this month in Fortune magazine. Eighteen other companies from Connecticut made the Fortune 1000 list, the annual ranking of America’s largest corporations based on total revenues for 2007. Fairfield-based GE ranked No. 6 in revenues at $176.7 billion, behind Wal-Mart Stores, Exxon Mobil, Chevron, General Motors and ConocoPhillips...
GE supports environmental effort
The heat on General Electric Co. Chief Executive Jeffrey Immelt came from all camps this week.That happens when a first-quarter earnings report chops 13 percent off a company's stock...
Jeffrey R. Immelt, chairman and CEO of General Electric Co., hardly seemed surprised by the questions or fazed by the charges."You can't do a job like this if you can't take a punch," he said Wednesday...
GE Japan's Norbom Succeeds Bertamini as CEO for China Business
General Electric Co. named Mark Norbom as chief executive officer of its China operations, succeeding Steve Bertamini, who is leaving to run Standard Chartered Plc's consumer-banking group. The appointment is effective immediately and Norbom will continue to run GE Japan until a replacement is named, spokesman Greg Farrett said. Bertamini will remain with the Fairfield, Connecticut-based company until May 16. He starts at Standard Chartered on June 1, according to an April 22 statement by the bank to the London Stock Exchange...
GE raises target for cost-cutting
General Electric Co. Chief Executive Jeffrey Immelt said Wednesday that capital markets had improved since the end of the first quarter but that the overall economic picture was unchanged, and that the company had raised its 2008 cost-cutting goal by $1 billion....
GE debuts hybrid dump truck
We have seen the advent of hybrid cars, hybrid trains and even hybrid tanks. Now General Electric (GE) has announced that it has successfully tested a giant hybrid dump truck.
Writing on the GE Global Research blog, Tim Richter an engineer in the conglomerate's hybrid vehicle team, said that the haul truck had been fitted with a hybrid system based on the same battery technology used in the hybrid locomotive the company demonstrated last year....
GE's bad idea
We knew that General Electric Co. was in a bit of trouble. Many large corporations are, as the national economy slides further toward what could be a severe recession. That much can explain GE's CEO, Jeff Immelt, appearing before an investors meeting last week vowing to do better.
What can't be so readily explained, however, is just what would compel GE, still one of the world's richest companies, to try to plead its way out of having to pay what for it is ultimately a tiny tax bill...
GE Expects To Cut $3 Billion In Costs
Less than two weeks after General Electric Co. shocked investors by reporting a 6 percent loss in first-quarter profits, CEO Jeff Immelt told shareholders at the company’s annual meeting that he expects “even more difficult times ahead” for the economy. Immelt told more than 1,000 shareholders at the company’s annual meeting in Erie, Pa. that he was disappointed that GE will fail to deliver on a promised 10 percent earnings for 2008, and said the company would “learn from our successes and failures to get better.”...
GE meeting successful by all counts
Seeing the corporate jets lined up at Erie International Airport, and the nearly 2,000 General Electric Co. shareholders at the Bayfront Convention Center on Wednesday had to leave the Erie region feeling it was part of something bigger than itself....
GE Leads 11 Connecticut Companies In Fortune 500
General Electric Corp. led 11 Connecticut companies on the latest Fortune 500 list, which was published this month in Fortune magazine. Eighteen other companies from Connecticut made the Fortune 1000 list, the annual ranking of America’s largest corporations based on total revenues for 2007. Fairfield-based GE ranked No. 6 in revenues at $176.7 billion, behind Wal-Mart Stores, Exxon Mobil, Chevron, General Motors and ConocoPhillips...
GE supports environmental effort
The heat on General Electric Co. Chief Executive Jeffrey Immelt came from all camps this week.That happens when a first-quarter earnings report chops 13 percent off a company's stock...
Wednesday, April 23, 2008
Recent News: Immelt and Shareholders, Cost-Cutting, GE Real Estate, and GE Energy Financial Services
Immelt: GE will cut another $1 billion in 'difficult times'
Less than two weeks after General Electric shocked investors by reporting a 6% loss in first-quarter profits, CEO Jeff Immelt said Wednesday that he sees "even more difficult times ahead" for the economy. But at the company's annual shareholder meeting here he said U.S. capital markets have improved since the end of the first quarter...
GE hikes cost-cutting goal to $3 billion
General Electric Co chief Jeffrey Immelt said on Wednesday U.S. capital markets have improved since the end of the first quarter but the overall U.S. economic picture is unchanged, and the company has raised its 2008 cost-cutting goal by $1 billion...
Immelt works to reassure shareholders at GE's annual meeting
General Electric Co.'s annual meetings are typically upbeat affairs as executives showcase the company's successes to satisfied shareholders of one of the world's most diversified and successful companies. But after GE chief executive Jeff Immelt was lambasted earlier this month for failing to hit first-quarter goals and triggering a selloff that wiped out more than $46 billion of GE's market capitalization, Wednesday's annual meeting was essentially a mea culpa to investors and analysts alike...
GE Buys $2.5B Loan Book From Capmark Europe
With capital markets worldwide reaching for firmer footing, GE Real Estate has struck its second Pan-European mega-deal in five months for a commercial property loan book. The £1.22-billion [$2.51 billion USD] acquisition of senior and whole loans is secured by 39 performing retail and office properties, predominately in Germany...
Immelt Targets More Cuts at GE Annual Meeting (GE)
Jeff Immelt will get to explain the recent General Electric Co. (NYSE: GE) earnings SNAFU all over again today. Frankly, all we really care about at 247WallSt.com is what lies ahead rather than rehashing what we already saw. We probably won't be hanging on for every single comment this morning, but there was at least some addressing of the current climate and some remedies it seeks. For starters, the company is now targeting for $3 Billion in cost cuts rather than $2 Billion. The company also said it will more frequently review its entire portfolio, which translates to the possibilities that the company can have more spin-offs or divestitures down the road...
No credit crunch in energy, GE unit says
After investing $104 million for the acquisition of oil and natural gas reserves in the Gulf Coast, officials from GE's Energy Financial Services unit in Stamford said they're still looking to do business. With fewer financing options available because of the ever-tightening credit markets, John Schaeffer, managing director and head of the oil and gas unit at the GE division thinks his company is one of the most reliable partners for oil and gas companies in the high-demand energy sector. "There are fewer financing options out there since the subprime crisis," Schaeffer said. "The prices paid for assets have come back to a more rational level. We're now more competitive than we were when there was more inexpensive money out there."...
Less than two weeks after General Electric shocked investors by reporting a 6% loss in first-quarter profits, CEO Jeff Immelt said Wednesday that he sees "even more difficult times ahead" for the economy. But at the company's annual shareholder meeting here he said U.S. capital markets have improved since the end of the first quarter...
GE hikes cost-cutting goal to $3 billion
General Electric Co chief Jeffrey Immelt said on Wednesday U.S. capital markets have improved since the end of the first quarter but the overall U.S. economic picture is unchanged, and the company has raised its 2008 cost-cutting goal by $1 billion...
Immelt works to reassure shareholders at GE's annual meeting
General Electric Co.'s annual meetings are typically upbeat affairs as executives showcase the company's successes to satisfied shareholders of one of the world's most diversified and successful companies. But after GE chief executive Jeff Immelt was lambasted earlier this month for failing to hit first-quarter goals and triggering a selloff that wiped out more than $46 billion of GE's market capitalization, Wednesday's annual meeting was essentially a mea culpa to investors and analysts alike...
GE Buys $2.5B Loan Book From Capmark Europe
With capital markets worldwide reaching for firmer footing, GE Real Estate has struck its second Pan-European mega-deal in five months for a commercial property loan book. The £1.22-billion [$2.51 billion USD] acquisition of senior and whole loans is secured by 39 performing retail and office properties, predominately in Germany...
Immelt Targets More Cuts at GE Annual Meeting (GE)
Jeff Immelt will get to explain the recent General Electric Co. (NYSE: GE) earnings SNAFU all over again today. Frankly, all we really care about at 247WallSt.com is what lies ahead rather than rehashing what we already saw. We probably won't be hanging on for every single comment this morning, but there was at least some addressing of the current climate and some remedies it seeks. For starters, the company is now targeting for $3 Billion in cost cuts rather than $2 Billion. The company also said it will more frequently review its entire portfolio, which translates to the possibilities that the company can have more spin-offs or divestitures down the road...
No credit crunch in energy, GE unit says
After investing $104 million for the acquisition of oil and natural gas reserves in the Gulf Coast, officials from GE's Energy Financial Services unit in Stamford said they're still looking to do business. With fewer financing options available because of the ever-tightening credit markets, John Schaeffer, managing director and head of the oil and gas unit at the GE division thinks his company is one of the most reliable partners for oil and gas companies in the high-demand energy sector. "There are fewer financing options out there since the subprime crisis," Schaeffer said. "The prices paid for assets have come back to a more rational level. We're now more competitive than we were when there was more inexpensive money out there."...
Wednesday, April 9, 2008
Recent News: Annual Meeting, GE Sensing Inspection, Short Interest in GE, GE Money, Karan Bhatia, Airline Regulators - GE Aviation, Fluorescent Bulbs
Airport prepares for arrival of GE's jets, corporate pilots
Erie International Airport officials are trying to make sure the red carpet reaches all the way to the tarmac when visitors fly in for General Electric Co.'s annual shareholders meeting this month."Our service is going to be top-notch," said Joe Ceresa, line service manager at North Coast Air, the company that sells fuel and serves private planes at Erie International....
GE offering new humidity and temperature sensor
On April 3, GE Sensing & Inspection Technologies announced ChipCap, a next-generation relative humidity and temperature sensor for the HVAC, automotive, medical and appliance industries. Overall, ChipCap can reduce the cost of humidity and temperature sensor integration by 50 percent or more. The product is fully factory calibrated, eliminating end user calibration, the costly calibration process and need for expensive calibration equipment. This can ultimately save the end user $30,000 to $50,000 in capital equipment costs and even more in calibration labor...
A short interest increase at GE, a bet against economy?
The short interest in General Electric rose sharply in the period ending March 31. The number compares to share short for March 14. GE's short interest rose 13 million shares to 57.9 million. GE's stock has been doing relatively well recently. It has moved up 3% over the past three months while the S&P has fallen over 5%. Shares in the company are still considered a "safe haven" for investors when the economy is in poor condition....
GE consumer finance unit gives up on U.S. consumer
GE Money, the consumer finance arm of U.S.- based based industrial stalwart General Electric, is pulling back from doing business in its homeland, where it sees scant growth opportunities, to further expand its global footprint. The subsidiary, founded in the 1930s to finance home appliances during the Great Depression, already operates in more than 55 countries. But with growth in the U.S. at a standstill, it has been forced to refocus on other areas to boost returns....
Karan Bhatia lands top job in GE
Former senior Bush administration official Karan Bhatia has landed a top job with General Electric. He has been named vice president and senior counsel in the conglomerate's international law and policy division...
Banco Santander to acquire GE Money’s UK motor finance and card businesses
The Spanish Banco Santander has agreed to buy GE Money’s automotive finance unit in the UK together with GE Money businesses in Germany, Finland and Austria. In turn, GE Commercial Finance will acquire Interbanca, the Italian commercial bank acquired by Santander as part of its joint acquisition of the Dutch bank ABN Amro with Fortis and RBS...
Airline Regulators Grapple With Engine-Shutdown Peril
As a Qatar Airways flight dodged thunderstorms on approach to Shanghai in 2006, it encountered a problem that, until recently, was considered virtually impossible: nearly four miles above the earth, both engines of the big Airbus A330 shut down at the same time.
The engines quickly restarted and the pilots managed a safe landing. But the incident, along with similar ones before it, set off alarm bells throughout the industry because of the cause: ice inside the engines....
FYI: GE says small fluorescent bulbs can be trashed
Fluorescent light bulbs (compact and long tube type) have become popular ways of saving money on the electric bill. How can they be disposed of safely?...
Erie International Airport officials are trying to make sure the red carpet reaches all the way to the tarmac when visitors fly in for General Electric Co.'s annual shareholders meeting this month."Our service is going to be top-notch," said Joe Ceresa, line service manager at North Coast Air, the company that sells fuel and serves private planes at Erie International....
GE offering new humidity and temperature sensor
On April 3, GE Sensing & Inspection Technologies announced ChipCap, a next-generation relative humidity and temperature sensor for the HVAC, automotive, medical and appliance industries. Overall, ChipCap can reduce the cost of humidity and temperature sensor integration by 50 percent or more. The product is fully factory calibrated, eliminating end user calibration, the costly calibration process and need for expensive calibration equipment. This can ultimately save the end user $30,000 to $50,000 in capital equipment costs and even more in calibration labor...
A short interest increase at GE, a bet against economy?
The short interest in General Electric rose sharply in the period ending March 31. The number compares to share short for March 14. GE's short interest rose 13 million shares to 57.9 million. GE's stock has been doing relatively well recently. It has moved up 3% over the past three months while the S&P has fallen over 5%. Shares in the company are still considered a "safe haven" for investors when the economy is in poor condition....
GE consumer finance unit gives up on U.S. consumer
GE Money, the consumer finance arm of U.S.- based based industrial stalwart General Electric, is pulling back from doing business in its homeland, where it sees scant growth opportunities, to further expand its global footprint. The subsidiary, founded in the 1930s to finance home appliances during the Great Depression, already operates in more than 55 countries. But with growth in the U.S. at a standstill, it has been forced to refocus on other areas to boost returns....
Karan Bhatia lands top job in GE
Former senior Bush administration official Karan Bhatia has landed a top job with General Electric. He has been named vice president and senior counsel in the conglomerate's international law and policy division...
Banco Santander to acquire GE Money’s UK motor finance and card businesses
The Spanish Banco Santander has agreed to buy GE Money’s automotive finance unit in the UK together with GE Money businesses in Germany, Finland and Austria. In turn, GE Commercial Finance will acquire Interbanca, the Italian commercial bank acquired by Santander as part of its joint acquisition of the Dutch bank ABN Amro with Fortis and RBS...
Airline Regulators Grapple With Engine-Shutdown Peril
As a Qatar Airways flight dodged thunderstorms on approach to Shanghai in 2006, it encountered a problem that, until recently, was considered virtually impossible: nearly four miles above the earth, both engines of the big Airbus A330 shut down at the same time.
The engines quickly restarted and the pilots managed a safe landing. But the incident, along with similar ones before it, set off alarm bells throughout the industry because of the cause: ice inside the engines....
FYI: GE says small fluorescent bulbs can be trashed
Fluorescent light bulbs (compact and long tube type) have become popular ways of saving money on the electric bill. How can they be disposed of safely?...
Tuesday, February 12, 2008
Recent News: Annual Shareholder's Meeting (Erie, PA) and Kuwait Oil Company
GE meeting gives Erie chance to shine
The GE shareholder’s meeting in April represents a great opportunity for the Erie region to polish its image.“I think it’s an awesome, tremendous opportunity that comes along maybe once every 15 years,” said Jim Dible, chief executive of the Erie Regional Chamber and Growth Partnership. “I don’t know of another opportunity to present Erie in its brightest light to more people from around the country.”...
KOC selects GE compressors
The Kuwait Oil Company has selected GE Oil & Gas compressor technology for the new Oil and Gas Gathering Center 24 (GC24) in Kuwait's Sabriya field, reported Kuwait Times. GE will supply two electric motor-driven centrifugal compressors for the project, which is part of Kuwait Oil Company's development plan for northern Kuwait. The centrifugal compressors will be manufactured at GE Oil & Gas facilities in Le Creusot France and will be shipped to Kuwait in December of 2008. These will be four-stage barrel-type compressors, driven by 560 KW electrical motors....
The GE shareholder’s meeting in April represents a great opportunity for the Erie region to polish its image.“I think it’s an awesome, tremendous opportunity that comes along maybe once every 15 years,” said Jim Dible, chief executive of the Erie Regional Chamber and Growth Partnership. “I don’t know of another opportunity to present Erie in its brightest light to more people from around the country.”...
KOC selects GE compressors
The Kuwait Oil Company has selected GE Oil & Gas compressor technology for the new Oil and Gas Gathering Center 24 (GC24) in Kuwait's Sabriya field, reported Kuwait Times. GE will supply two electric motor-driven centrifugal compressors for the project, which is part of Kuwait Oil Company's development plan for northern Kuwait. The centrifugal compressors will be manufactured at GE Oil & Gas facilities in Le Creusot France and will be shipped to Kuwait in December of 2008. These will be four-stage barrel-type compressors, driven by 560 KW electrical motors....
Thursday, November 8, 2007
GE Press Releases: GE Money, 08 Shareholders Meeting, Antares, Wind, Fanuc, NBC, Sondex
GE Energy Completes Acquisition of Sondex, a Global Oilfield Technology Company
Sondex is headquartered in Hampshire in the United Kingdom and specializes in the engineering and manufacture of directional drilling and formation evaluation systems and wireline tools for the production of oil and gas...
GE Antares Provides $43.5 Million Credit Facility for A Leading Corporate Imaging and Custom Signage Provider
The financing consisted of a $17.5 million senior revolving credit facility and a $26 million senior term loan facility. Proceeds were used to fund the acquisition of Icon, and to provide for general working capital needs...
GE Money and Admiral Sunrooms Offer Consumer Finance Program
The programs provide customers installment and revolving lines of credit, flexible terms, an easy application process and fast funding decisions. Contractors and dealers offering this finance program also receive comprehensive customer service training, partner training and marketing materials...
Atlanta Public Schools Awarded Record-breaking $22 Million Grant from GE
Foundation
The GE Foundation today awarded a $22 million College Bound District grant to Atlanta Public Schools, marking the largest private grant in the district’s history. At Southside Comprehensive High School, more than 1,300 students, teachers, parents, administrators, community leaders and GE executives celebrated the award, designed to improve...
GE/NBC Universal’s Peacock Equity Invests in Mobile SMS Advertising Leader
4INFO
Peacock Equity, a joint venture between GE Commercial Finance’s Media, Communications & Entertainment business and NBC Universal, today announced an investment in mobile media company 4INFO, the leader in SMS/text message content and advertising. 4INFO is the sixth Peacock Equity investment since...
GE opens new mobile repair facilities to increase railcar availability and improve customers’ productivity
GE Equipment Services, Rail Services today announced the availability of several mobile repair facilities as part of its Repair Solutions suite of railcar repair services. The facilities, currently operational in La Porte, TX and opening soon in Mounds, IL, and Waycross, GA, leverage GE’s technical and regulatory knowledge of the rail industry...
GE Fanuc Intelligent Platforms Announces High Port Density Fiber Gigabit Ethernet AdvancedMCs
Continuing to expand the breadth and depth of the company’s leading AdvancedTCA™ and MicroTCA™ solutions, GE Fanuc Intelligent Platforms today announced the Telum™ GE-QLX/QSX Gigabit Ethernet AdvancedMC. Designed for any telecommunications...
GE Ranks #1 in Proactively Addressing World’s High-Tech Challenges
NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE (NYSE: GE), today announced that it has been recognized as the world’s top research and development (R&D) company for proactively addressing the world’s biggest “high-tech challenges” by R&D Magazine...
SAT-GE Aids the Growth of PT Telkom in Eastern Indonesia Services Roll-Out
Using multiple transponders on the GE-23 satellite, PT Telkom are able to rapidly extend their GSM/CDMA network and other services over Eastern Indonesia, providing connectivity deep into Papua, Maluku and...
GE Unit Invests in New Texas Wind Project with Invenergy
GE Energy Financial Services, a unit of General Electric Company (NYSE: GE), is investing in a 120-megawatt wind farm in Texas with Invenergy Wind LLC, a leading global wind power developer...
GE Antares Provides $48 Million Credit Facility for A Leading Global Manufacturer of Weathering Test Equipment & Services
The financing consisted of a $24.0 million US credit facility and a €16.7 million European credit facility. Proceeds were used to fund the acquisition of Atlas, provide for general working capital needs, and to fund future growth...
Klee Named GE Vice President for Environmental Programs
Ann R. Klee has been named as Vice President of Corporate Environmental Programs for the General Electric Company, GE Senior Vice President and General Counsel Brackett Denniston announced today...
GE Money and Hobie Set Sail with New Consumer Finance Program
GE Money and Hobie Cat, a leading supplier of marine products for fishing, sailing and kayaking, today announced a new multi-year program that provides flexible financing for purchases at participating Hobie dealers nationwide...
GE Fanuc Intelligent Platforms and PrismTech Demonstrate Compact COTS Software Defined Radio
At the Software Defined Radio Forum Technical Conference and Product Exposition (Denver, CO, November 5 – 9) today, GE Fanuc Intelligent Platforms and PrismTech will together present a compact Software Defined Radio...
GE To Hold 2008 Shareowners Meeting in Erie, Pennsylvania
GE (NYSE: GE) announced today that it plans to hold its 2008 Annual Meeting of Shareowners on April 23, 2008 in Erie, Pennsylvania. The meeting is expected to be held at the Bayfront Convention Center...
GE Receives U.S. State Department Award for Corporate Citizenship
At a ceremony in Washington, DC, GE today received the Award for Corporate Excellence (ACE) from U.S. Secretary of State Condoleezza Rice. GE was recognized for its extensive corporate social responsibility programs in Indonesia...
Computer Dynamics Announces SealTouch-15 Environmentally Sealed Computer
Further extending the broad range of solutions offered by the company for computing in harsh industrial environments, Computer Dynamics, a GE Fanuc Intelligent Platforms company, today announced the SealTouch-15 rugged flat panel computer...
GE Money and Lane Home Furnishings Extend Consumer Finance Program
GE Money and Lane® Home Furnishings today announced a multi-year renewal of its consumer financing agreement, originally formed in 2003. The Lane credit card program...
Sondex is headquartered in Hampshire in the United Kingdom and specializes in the engineering and manufacture of directional drilling and formation evaluation systems and wireline tools for the production of oil and gas...
GE Antares Provides $43.5 Million Credit Facility for A Leading Corporate Imaging and Custom Signage Provider
The financing consisted of a $17.5 million senior revolving credit facility and a $26 million senior term loan facility. Proceeds were used to fund the acquisition of Icon, and to provide for general working capital needs...
GE Money and Admiral Sunrooms Offer Consumer Finance Program
The programs provide customers installment and revolving lines of credit, flexible terms, an easy application process and fast funding decisions. Contractors and dealers offering this finance program also receive comprehensive customer service training, partner training and marketing materials...
Atlanta Public Schools Awarded Record-breaking $22 Million Grant from GE
Foundation
The GE Foundation today awarded a $22 million College Bound District grant to Atlanta Public Schools, marking the largest private grant in the district’s history. At Southside Comprehensive High School, more than 1,300 students, teachers, parents, administrators, community leaders and GE executives celebrated the award, designed to improve...
GE/NBC Universal’s Peacock Equity Invests in Mobile SMS Advertising Leader
4INFO
Peacock Equity, a joint venture between GE Commercial Finance’s Media, Communications & Entertainment business and NBC Universal, today announced an investment in mobile media company 4INFO, the leader in SMS/text message content and advertising. 4INFO is the sixth Peacock Equity investment since...
GE opens new mobile repair facilities to increase railcar availability and improve customers’ productivity
GE Equipment Services, Rail Services today announced the availability of several mobile repair facilities as part of its Repair Solutions suite of railcar repair services. The facilities, currently operational in La Porte, TX and opening soon in Mounds, IL, and Waycross, GA, leverage GE’s technical and regulatory knowledge of the rail industry...
GE Fanuc Intelligent Platforms Announces High Port Density Fiber Gigabit Ethernet AdvancedMCs
Continuing to expand the breadth and depth of the company’s leading AdvancedTCA™ and MicroTCA™ solutions, GE Fanuc Intelligent Platforms today announced the Telum™ GE-QLX/QSX Gigabit Ethernet AdvancedMC. Designed for any telecommunications...
GE Ranks #1 in Proactively Addressing World’s High-Tech Challenges
NISKAYUNA, N.Y.--(BUSINESS WIRE)--GE (NYSE: GE), today announced that it has been recognized as the world’s top research and development (R&D) company for proactively addressing the world’s biggest “high-tech challenges” by R&D Magazine...
SAT-GE Aids the Growth of PT Telkom in Eastern Indonesia Services Roll-Out
Using multiple transponders on the GE-23 satellite, PT Telkom are able to rapidly extend their GSM/CDMA network and other services over Eastern Indonesia, providing connectivity deep into Papua, Maluku and...
GE Unit Invests in New Texas Wind Project with Invenergy
GE Energy Financial Services, a unit of General Electric Company (NYSE: GE), is investing in a 120-megawatt wind farm in Texas with Invenergy Wind LLC, a leading global wind power developer...
GE Antares Provides $48 Million Credit Facility for A Leading Global Manufacturer of Weathering Test Equipment & Services
The financing consisted of a $24.0 million US credit facility and a €16.7 million European credit facility. Proceeds were used to fund the acquisition of Atlas, provide for general working capital needs, and to fund future growth...
Klee Named GE Vice President for Environmental Programs
Ann R. Klee has been named as Vice President of Corporate Environmental Programs for the General Electric Company, GE Senior Vice President and General Counsel Brackett Denniston announced today...
GE Money and Hobie Set Sail with New Consumer Finance Program
GE Money and Hobie Cat, a leading supplier of marine products for fishing, sailing and kayaking, today announced a new multi-year program that provides flexible financing for purchases at participating Hobie dealers nationwide...
GE Fanuc Intelligent Platforms and PrismTech Demonstrate Compact COTS Software Defined Radio
At the Software Defined Radio Forum Technical Conference and Product Exposition (Denver, CO, November 5 – 9) today, GE Fanuc Intelligent Platforms and PrismTech will together present a compact Software Defined Radio...
GE To Hold 2008 Shareowners Meeting in Erie, Pennsylvania
GE (NYSE: GE) announced today that it plans to hold its 2008 Annual Meeting of Shareowners on April 23, 2008 in Erie, Pennsylvania. The meeting is expected to be held at the Bayfront Convention Center...
GE Receives U.S. State Department Award for Corporate Citizenship
At a ceremony in Washington, DC, GE today received the Award for Corporate Excellence (ACE) from U.S. Secretary of State Condoleezza Rice. GE was recognized for its extensive corporate social responsibility programs in Indonesia...
Computer Dynamics Announces SealTouch-15 Environmentally Sealed Computer
Further extending the broad range of solutions offered by the company for computing in harsh industrial environments, Computer Dynamics, a GE Fanuc Intelligent Platforms company, today announced the SealTouch-15 rugged flat panel computer...
GE Money and Lane Home Furnishings Extend Consumer Finance Program
GE Money and Lane® Home Furnishings today announced a multi-year renewal of its consumer financing agreement, originally formed in 2003. The Lane credit card program...
