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General Electric Company (GE) is a diversified industrial corporation. It is engaged in developing, manufacturing and marketing a variety of products for the generation, transmission, distribution, control and utilization of electricity. During the year ended December 31, 2006, GE completed the sales of its Advanced Materials business by Industrial and GE Life, its United Kingdom-based life insurance business. During 2006, GE acquired IDX Systems Corporation, ZENON Environmental Inc. and Biacore International AB. On March 15, 2007, GeoEye Inc. acquired M.J. Harden Associates, Inc., from GE. In May 2007, Smiths Group PLC sold its aerospace businesses to GE. In May 2007, STV Partners Corporation, the Japanese unit of GE, acquired a 97.15% interest in SANYO ELECTRIC CREDIT CO., LTD.In October 2007, GE Healthcare, a unit of GE, acquired Dynamic Imaging, LLC. In October 2007, GE completed the acquisition of Sondex plc.
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GE Consumer Finance, a unit of General Electric Company, with $122 billion in assets, is a leading provider of credit services to consumers, retailers and auto dealers in 41 countries around the world. GE Consumer Finance, based in Stamford, Conn. (U.S.), offers a range of financial products globally, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance. More information can be found online at www.geconsumerfinance.com. GE (NYSE: GE) is a diversified technology, media and financial services company dedicated to creating products that make life better. GE Canada has 9,500 employees, 19 major manufacturing plants and 150 sales and service locations across the country. More information about GE can be found online at www.ge.com.
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During his successful 22-year career with General Electric (GE) in Europe, Asia, and the United States, Matthew J. Espe developed effective management and product-implementation skills and a strong customer-oriented perspective. These qualities led to his being chosen in 2002 to head up IKON Office Solutions, a business that provided a channel to connect customers and suppliers in the total-business-solutions industry. IKON could continue to grow as a leader in the industry only if customers on both ends of the channel were satisfied. IKON board members saw Espe as the perfect candidate to lead their company into the future.
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Genpact, a BPO company established by GE in the late 90's, was formerly known as GE Capital International Services (GECIS). GE hived off 60% stake in GENPACT to a consortium in 2004. GE is still a major client to Genpact getting its services in customer service, finance and analytics.
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General Electric has been involved in so many cases of fraud that in the 1990s the Pentagon's Defense Contract Management Agency created a special investigations office specifically for the company, which indicted GE on 22 criminal counts and recovered $221.7 million. In one case, in 1992, GE entered a guilty plea to criminal and civil charges for defrauding the Pentagon in a case where money was funneled to the Israeli military. GE was fined $69 million for violation of the Foreign Corrupt Practices Act.
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An independent new company based in Torrance, Calif., General Imaging unveiled eight cameras carrying the famous GE name in March during PMA 07, a photographic trade show in Las Vegas. More information about GE cameras is available at www.ge.com/digitalcameras.
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