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BUSINESS
July 4, 1989 | From United Press International
GE Information Services has been awarded a one-year contract by the General Services Administration to provide Electronic Data Interchange services to the GSA/Federal Supply Service. The contract has two option years.
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BUSINESS
March 7, 2000 | Bloomberg News
General Electric Co., already one of the top providers of electronic purchasing systems, said it has formed an electronic-commerce unit that will compete with companies such as Commerce One Inc. and Ariba Inc. The conglomerate's GE Information Services unit competes with International Business Machines Corp. for trading systems between companies that order, ship and track supplies and products.
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BUSINESS
March 7, 2000 | Bloomberg News
General Electric Co., already one of the top providers of electronic purchasing systems, said it has formed an electronic-commerce unit that will compete with companies such as Commerce One Inc. and Ariba Inc. The conglomerate's GE Information Services unit competes with International Business Machines Corp. for trading systems between companies that order, ship and track supplies and products.
BUSINESS
April 10, 1996 | JULIE PITTA, TIMES STAFF WRITER
Aiming to speed the transformation of the Internet from a haven for techies into a useful tool for businesses, Netscape Communications Corp. and General Electric Information Services today will announce the formation of a joint venture targeting electronic commerce. Actra Business Systems L.L.C., as the new company will be called, is to be funded equally by Netscape and GE, though neither side would disclose the amount of their investment.
BUSINESS
December 21, 1993 | From Bloomberg Business News
Ameritech Corp., in the latest investment by a regional Bell operating company outside its core telephone business, has agreed to pour $472 million into the information services unit of General Electric Co. Under the definitive agreement announced Monday, Chicago-based Ameritech will buy a four-year note in GE Information Services, a fast-growing unit of the Fairfield, Conn.-based manufacturer that had sales of $600 million last year.
BUSINESS
April 10, 1996 | JULIE PITTA, TIMES STAFF WRITER
Aiming to speed the transformation of the Internet from a haven for techies into a useful tool for businesses, Netscape Communications Corp. and General Electric Information Services today will announce the formation of a joint venture targeting electronic commerce. Actra Business Systems L.L.C., as the new company will be called, is to be funded equally by Netscape and GE, though neither side would disclose the amount of their investment.
BUSINESS
October 5, 1988
Joe M. Henson is stepping down as president and chief executive of Prime Computer and will be succeeded by former General Electric executive Anthony Craig. Henson, 55, has been Prime's chief executive since 1981. The Natick, Mass.-based company, which became the second-biggest maker of computer-aided design and manufacturing systems with its acquisition of Computervision Inc. in February, did not give any reason for his departure.
BUSINESS
November 7, 1997 | Reuters
Netscape Communications Corp., continuing its efforts to evolve into a business software company, said it agreed to buy out General Electric Co.'s stake in their electronic commerce joint venture, Actra, for about $56.1 million in stock. Under terms of the agreement, Netscape will issue 1.7 million of its shares to GE Information Services for its 50% stake in the 2-year-old venture. Based on Netscape's closing stock price of $33, after gaining 6 cents, the transaction would be worth about $56.
BUSINESS
August 11, 2000
John Theron is the new vice president of product development for OhGolly.com in Newport Beach. Theron had been director of product marketing at Wonderware Corp. * Duane Bradley has joined Shea Properties in Aliso Viejo as development manager. He had been vice president of construction for ConAm Management. Bradley has also been a senior consultant at Pinnacle One Consulting and a consultant at J.R. Bardin Co. * Jerry Levy has been appointed vice president of marketing for BAX Global in Irvine.
BUSINESS
April 24, 1989 | JOHN BURGESS, The Washington Post
The Quaker Oats Co. isn't quite sure how many electronic mail systems it has. Perhaps as many as two dozen are scattered around the $5-billion company's offices and facilities, most of them small networks that allow people in one division to communicate electronically with each other, but not necessarily with fellow workers down the hall. Electronic mail, also known as "E-mail," made its first appearance at the food and toy company in 1986 and has since proliferated fast. In general, that has not been due to any grand scheme devised by headquarters.
BUSINESS
December 21, 1993 | From Bloomberg Business News
Ameritech Corp., in the latest investment by a regional Bell operating company outside its core telephone business, has agreed to pour $472 million into the information services unit of General Electric Co. Under the definitive agreement announced Monday, Chicago-based Ameritech will buy a four-year note in GE Information Services, a fast-growing unit of the Fairfield, Conn.-based manufacturer that had sales of $600 million last year.
BUSINESS
July 4, 1989 | From United Press International
GE Information Services has been awarded a one-year contract by the General Services Administration to provide Electronic Data Interchange services to the GSA/Federal Supply Service. The contract has two option years.
BUSINESS
June 25, 2002 | DAVID COLKER, TIMES STAFF WRITER
General Electric Co. is selling its business-to-business e-commerce unit, a once highly touted enterprise that was supposed to change the way companies process orders and manage inventory. Global Exchange Services, better known as GXS, will be acquired by buyout firm Francisco Partners for $800 million, according to a joint statement issued Monday by GE and Francisco. GE, which formed GXS in 2000 and has been its biggest customer, will retain 10% ownership of the unit.
NEWS
August 20, 1997 | PATRICE APODACA, TIMES STAFF WRITER
Betsy Hitchcock finds she's often too busy to shop--until she wants something in a hurry. A few weeks ago, the 48-year-old Corona nurse and grandmother of four needed a dress for a weekend social event. She ordered it by mail order Monday, and received it by Federal Express a few days later. "Most of us are last-minute people, at least nurses are last-minute people," she said. "We wait until it's absolutely necessary, and then it's 'Oh my God, I need it.'
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