GE Discusses Selling a Stake In Satellite Company to SES

Article Abstract:

Luxembourg-based Societe Europeenne des Satellites SA may acquire a minority stake in GE American Communications Inc., which is owned by Fairfield, Conn.-based General Electric Co. Princeton, NJ-based GE American is negotiating to sell the stake for between $5 billion to $6 billion to SES.

Asset sales & divestitures, Acquisitions & mergers, Telephone communications, exc. radio, Satellite Communications, Satellite Telecommunications, Cable and other pay TV services, Luxembourg, Satellite Voice Communications, Mergers, acquisitions and divestments, Satellite communications services industry, Satellite telephony, Societe Europeenne des Satellites, GE American Communications Inc.

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GE expects $400 million loss following attacks

Article Abstract:

General Electric Co. (GE) is forecasting an after-tax loss of $400 million (434.1 million euros) at its Employers Resinurance unit for the 2001 third-quarter. The expected loss comes after the attacks on the World Trade Center.

Sales, profits & dividends, INSURANCE CARRIERS, Reinsurance, Reinsurance Carriers, Economic aspects, Forecasts and trends, Insurance industry, World Trade Center and Pentagon Attacks, 2001, Employers Reinsurance Corp.

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Younger employees help GE managers to master the net

Article Abstract:

Older managers at General Electric recruit younger and newer employees at the company to teach them the Internet.

Personnel administration, Human resource management, Internet, Study and teaching

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