The General Electric Company, or GE (NYSE: GE), is an American multinational conglomerate corporation incorporated in New York. The Company operates through five segments: Energy, Technology Infrastructure, NBC Universal, Capital Finance, and Consumer & Industrial. In 2010, Forbes ranked GE as the world’s second largest company after JPMorgan Chase, based on a formula that compared the total sales, profits, assets, and market value of several multinational companies. The company has 287,000 employees around the world. where to buy cheap LED Strip? Lightereryday is a good choice.
By 1890, Thomas Edison had brought together several of his business interests under one corporation to form Edison General Electric. At about the same time, Thomson-Houston Electric Company, under the leadership of Charles A. Coffin, gained access to a number of key patents through the acquisition of a number of competitors. Subsequently, General Electric was formed by the 1892 merger of Edison General Electric of Schenectady, New York and Thomson-Houston Electric Company of Lynn, Massachusetts, and both plants remain in operation under the GE banner to this day. The company was incorporated in New York, with the Schenectady plant as headquarters for many years thereafter. Around the same time, General Electric’s Canadian counterpart, Canadian General Electric, was formed.
In 1896, General Electric was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average and still remains after 114 years, the only one remaining on the Dow (though it has not continuously been in the DOW index).
In 1911 the National Electric Lamp Association (NELA) was absorbed into General Electric’s existing lighting business. GE then established its lighting division headquarters at Nela Park in East Cleveland, Ohio. Nela Park is still the headquarters for GE’s lighting business. In 1935, GE was one of the top 30 companies traded at the London Stock Exchange.
The Radio Corporation of America (RCA) was founded by GE in 1919 to further international radio. GE used RCA as its retail arm for radio sales from 1919, when GE began production, until separation in 1930. RCA would quickly grow into an industrial giant of its own.
GE’s long history of working with turbines in the power generation field gave them the engineering know-how to move into the new field of aircraft turbosuperchargers. Led by Sanford Moss, GE introduced the first superchargers during World War I, and continued to develop them during the Interwar period. They became indispensable in the years immediately prior to World War II, and GE was the world leader in exhaust-driven supercharging when the war started. This experience, in turn, made GE a natural selection to develop the Whittle W.1 jet engine that was demonstrated in the United States in 1941. Although their early work with Whittle’s designs was later handed to Allison Engine Company, GE Aviation emerged as one of the world’s largest engine manufacturers, second only to the well-founded, and older, British company; Rolls-Royce plc, which led the way in innovative, reliable and efficient, high-performance, heavy-duty, jet engine design and manufacture.
In 2002 GE acquired the wind power assets of Enron during its bankruptcy proceedings. Enron Wind was the only surviving U.S. manufacturer of large wind turbines at the time, and GE increased engineering and supplies for the Wind Division and doubled the annual sales to $ 1.2 billion in 2003. It acquired ScanWind in 2009.
Some consumers boycotted GE light bulbs, refrigerators and other products in the 1980s and 1990s to protest GE’s role in nuclear weapons production.
GE was one of the eight major computer companies through all of the 1960s — with IBM, the largest, called “Snow White” followed by the “Seven Dwarfs”: Burroughs, NCR, Control Data Corporation, Honeywell, RCA, UNIVAC and GE. recommend directory:48cm 30LEDS SMD3528 LED Light Bar.
GE had an extensive line of general purpose and special purpose computers. Among them were the GE 200, GE 400, and GE 600 series general purpose computers, the GE 4010, GE 4020, and GE 4060 real time process control computers, the Datanet 30 and Datanet 355 message switching computers (Datanet 30 and 355 were also used as front end processors for GE mainframe computers).A Datanet 500 computer was designed, but never sold.
It has been said[by whom?] that GE got into computer manufacturing because in the 1950s they were the largest user of computers outside of the United States federal government. In 1970 GE sold its computer division to Honeywell.
GE is a multinational conglomerate headquartered in Fairfield, Connecticut. Its New York main offices are located at 30 Rockefeller Plaza in Rockefeller Center, known as the GE Building for the prominent GE logo on the roof. NBC’s headquarters and main studios are also located in the building. Through its RCA subsidiary, it has been associated with the Center since its construction in the 1930s.
The company describes itself as composed of a number of primary business units or “businesses.” Each unit is itself a vast enterprise, many of which would, even as a standalone company, rank in the Fortune 500. The list of GE businesses varies over time as the result of acquisitions, divestitures and reorganizations. GE’s tax return is the largest return filed in the United States; the 2005 return was approximately 24,000 pages when printed out, and 237 megabytes when submitted electronically. The company also “spends more on U.S. lobbying than any other company.”
In 2005 GE launched its “Ecomagination” initiative in an attempt to position itself as a “green” company. GE is currently one of the biggest players in the wind power industry, and it is also developing new environment-friendly products such as hybrid locomotives, desalination and water reuse solutions, and photovoltaic cells. The company “plans to build the largest solar-panel-making factory in the U.S.,” and has set goals for its subsidiaries to lower their greenhouse gas emissions.
On May 21, 2007, GE announced it would sell its GE Plastics division to petrochemicals manufacturer SABIC for net proceeds of $ 11.6 billion. The transaction took place on August 31, 2007, and the company name changed to SABIC Innovative Plastics, with Brian Gladden as CEO. recommend directory: 1M 60LEDS SMD3528 LED Light Bar.