Portal:General Electric
Portal maintenance status: (October 2018)
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Introduction
General Electric Company (GE) is an American multinational conglomerate incorporated in New York and headquartered in Boston. As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital, additive manufacturing, venture capital and finance, lighting, transportation, and oil and gas.
In 2018, GE ranked among the Fortune 500 as the 18th-largest firm in the U.S. by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th-most profitable company. , the company was listed as the fourth-largest in the world among the Forbes Global 2000, further metrics being taken into account. Two employees of GE have been awarded the Nobel Prize: Irving Langmuir in 1932 and Ivar Giaever in 1973.
Selected general articles
River Works, formerly known as Air Force Plant 29, is a plant of General Electric's aviation division located in Lynn, Massachusetts. It is serviced by the River Works station on the MBTA's Newburyport/Rockport Line. It was purchased by General Electric in 1983 from the United States Air Force. Read more...
John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and banker who dominated corporate finance and industrial consolidation in the United States of America in the late 19th and early 20th centuries.
In 1892 Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric. He also played important roles in the formation of the United States Steel Corporation, International Harvester and AT&T. At the height of Morgan's career during the early twentieth century, he and his partners had financial investments in many large corporations and had significant influence over the nation's high finance and United States Congress members. He directed the banking coalition that stopped the Panic of 1907. He was the leading financier of the Progressive Era, and his dedication to efficiency and modernization helped transform American business. Adrian Wooldridge characterized Morgan as America's "greatest banker". Read more...
John Francis "Jack" Welch Jr. (born November 19, 1935) is an American business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4,000%. In 2006, Welch's net worth was estimated at $720 million. When he retired from GE he received a severance payment of $417 million, the largest such payment in history. Read more...- Founded in 1921 as Australian Guarantee Company to initially provide finance for purchasers of smaller household items, it progressed into financing motor vehicles and was renamed as Australian Guarantee Corporation Limited in 1925 ("AGC"). AGC was Australia's oldest national finance company offering a range of finance, investment and insurance products and were market leaders in equipment finance, cashflow finance, motor vehicle and personal finance. Read more...
- Once commonly seen leased rolling stock General Electric Rail Services Corp. covered hopper car 'NAHX 44703' and GE Capital Rail Services car 'NCHX 38781' in the Duryea yard, Duryea/West Pittston, Pennsylvania in July 2013. GE Transportation has consolidated or sold off both subsidiary functions. (View looking toward Sayre and Waverly, NY.)
GE Capital is the financial services unit of the American multinational conglomerate General Electric. It provides commercial lending and leasing, as well as a range of financial services for commercial aviation, energy, and support for GE's industrial business units.
In April 2015, GE announced its plan to create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets. Read more...
Samuel Augustus Nunn Jr. (born September 8, 1938) is an American lawyer and politician. Currently the co-chairman of the Nuclear Threat Initiative (NTI), a charitable organization working to prevent catastrophic attacks with nuclear, biological, and chemical weapons, Nunn served for 24 years as a United States Senator from Georgia (1972 until 1997) as a member of the Democratic Party. His political experience and credentials on national defense reportedly made him a potential running mate for Democratic presidential candidates John Kerry (2004) and Barack Obama (2008). Read more...- The Engine Alliance (EA) is an American aircraft engine manufacturer based in East Hartford, Connecticut. The company is a 50/50 joint venture between GE Aviation, a subsidiary of General Electric, and Pratt & Whitney, a subsidiary of United Technologies. Engine Alliance was established in August 1996 to develop, manufacture, sell, and support a family of modern technology aircraft engines for new high-capacity, long-range aircraft.
The main application for such an engine, the GP7200, was originally the Boeing 747-500/600X projects, before these were cancelled due to lack of demand from airlines. Read more...
Edwin J. Houston (July 9, 1847 – March 1, 1914) was an American businessman, professor, consulting electrical engineer, inventor and author. Read more...
The National Broadcasting Company (NBC) is an American English-language commercial broadcast television network that is a flagship property of NBCUniversal, a subsidiary of Comcast. The network is headquartered at 30 Rockefeller Plaza in New York City, with additional major offices near Los Angeles (at 10 Universal City Plaza), Chicago (at the NBC Tower) and Philadelphia (at the Comcast Technology Center). The network is one of the Big Three television networks. NBC is sometimes referred to as the "Peacock Network", in reference to its stylized peacock logo, introduced in 1956 to promote the company's innovations in early color broadcasting. It became the network's official emblem in 1979.
NBC has thirteen owned-and-operated stations and nearly 200 affiliates throughout the United States and its territories, some of which are also available in Canada via pay-television providers or in border areas over-the-air; NBC also maintains brand licensing agreements for international channels in South Korea and Germany. Read more...- Ebasco Services was a United States-based designer and constructor of energy infrastructure, most notably nuclear power plants. Read more...
- General Imaging was a manufacturer of digital cameras headquartered in Torrance, California, established in 2006 by Hiroshi "Hugh" Komiya, a former executive of Olympus Corporation. General Imaging sold their cameras internationally under the General Electric name, used under license. In Japan, General Imaging was licensed to manufacture and sell their cameras under the AgfaPhoto name. General Imaging filed for bankruptcy on October 5, 2015. Read more...
- Canadian General Electric (CGE, also known as GE Canada) was a Canadian manufacturer of various electrical products. The company was a forerunner of General Electric Canada, now known as GE Canada. It was the Canadian counterpart of the American company General Electric. The unit became General Electric Canada in 1989.
Canadian General Electric Co. Limited (CGE) was incorporated in Canada in 1892 as a merger of Edison Electric Light Company of Canada (of Hamilton, Ontario) and Thomson-Houston
Electric Light Company of Canada (of Montreal), both incorporated in Canada in 1882. The Canadian merger occurred in the same year as the merger of parent companies Edison General Electric (of Schenectady, New York) and Thomson-Houston Company (of Lynn, Massachusetts) into General Electric, which continues to the present day as a major international conglomerate. Read more... - Innio manufactures Jenbacher gas engines and cogeneration modules in the Austrian town of Jenbach in Tyrol. It is part of their Distributed Energy portfolio of products and is one of their gas engine technologies; the other being Waukesha Engines. Jenbacher emerged from the former Jenbacher Werke, which was founded in 1959 and manufactured gas and diesel engines, and locomotives. The company was bought out by General Electric in 2003 and was renamed GE Jenbacher GmbH & Co. OHG. Read more...
- The Edison Engineering Development Program (EEDP) is one of General Electric's 8 corporate entry level programs. Focused on engineering, the program aims to "develop technical problem-solving skills through advanced courses in engineering and technical projects that are aligned with business objectives". It is named in honor of GE's founder, Thomas Edison.
Typically each GE business runs its own program, and candidates are required to apply for and rotate within the program at a specific business.
EEDP, the oldest of GE's rotational programs, founded in 1923, for new BS and MS grads, provides three to five assignments (6–8 months each (12 months in GE Aviation)) over two or three years. Assignments are driven by real GE business priorities, which may include working with systems, analysis, design, quality, reliability, integration, and testing. Program members develop and enhance their technical problem-solving skills through advanced engineering course work, reports, and team presentations. Another benefit of EEDP is the opportunity to earn a masters in engineering while in (or shortly upon completion of) the program. EEDP is most popular at the more technical businesses in GE's portfolio, including GE Aviation, Healthcare, Power, Renewable Energy, Digital, Transportation. Read more...
Genworth Financial is an S&P 400 insurance company. The firm was founded as The Life Insurance Company of Virginia in 1871. In 1986, Life of Virginia was acquired by Combined Insurance, which became Aon plc in 1987. In 1996, Life of Virginia was sold to GE Capital. In May 2004, Genworth Financial was formed out of various insurance businesses of General Electric in the largest IPO of that year.
Genworth Financial has three segments: Retirement & Protection, US Mortgage Insurance, and International. Products and services include life and long-term care insurance, mortgage insurance, and annuities. Read more...
Thomas Alva Edison (February 11, 1847 – October 18, 1931) was an American inventor and businessman, who has been described as America's greatest inventor. He is credited with developing many devices in fields such as electric power generation, mass communication, sound recording, and motion pictures. These inventions, which include the phonograph, the motion picture camera, and the long-lasting, practical electric light bulb, had a widespread impact on the modern industrialized world. He was one of the first inventors to apply the principles of mass production and teamwork to the process of invention, working with many researchers and employees. He is often credited with establishing the first industrial research laboratory.
Edison was raised in the American midwest and early in his career he worked as a telegraph operator, which inspired some of his earliest inventions. In 1876, he established his first laboratory facility in Menlo Park, New Jersey, where many of his early inventions would be developed. He would later establish a botanic laboratory in Fort Myers, Florida in collaboration with businessmen Henry Ford and Harvey Firestone, and a laboratory in West Orange, New Jersey that featured the world's first film studio, the Black Maria. He was a prolific inventor, holding 1,093 US patents in his name, as well as patents in other countries. Edison married twice and fathered six children. He died in 1931 of complications of diabetes. Read more...
NBCUniversal Media, LLC is an American multinational media conglomerate owned by Comcast and headquartered at Rockefeller Plaza's Comcast Building in Midtown Manhattan, New York City. It is one of two successor companies to MCA Inc., the other being Vivendi through its subsidiary Universal Music Group.
NBCUniversal is primarily involved in the media and entertainment industry; among its most significant divisions are the National Broadcasting Company (NBC), one of the United States' "Big Three" television networks, and the film studio Universal Pictures. It also has a significant presence in broadcasting through a portfolio of domestic and international properties, including terrestrial and pay television outlets. Via its Universal Parks & Resorts division, NBCUniversal is also the third-largest operator of amusement parks in the world. Read more...- Synchrony Financial is a consumer financial services company headquartered in Stamford, Connecticut, United States. The company offers consumer financing products, including credit, promotional financing and loyalty programs, installment lending, and FDIC insured savings products through Synchrony Bank, its wholly owned subsidiary. Read more...
Mazda brand bulbs at the Edison and Ford Winter Estates
Mazda was a trademarked name registered by General Electric (GE) in 1909 for incandescent light bulbs. The name was used from 1909 through 1945 in the United States by GE and Westinghouse. Mazda brand light bulbs were made for decades after 1945 outside the US. The company chose the name due to its association with Ahura Mazda, the transcendental and universal God of Zoroastrianism whose name means light of wisdom in the Avestan language.
In 1909 the Mazda name was created for the tungsten filament light bulb. GE sold bulbs under this trademark starting in 1909. GE promoted the mark as identifying tungsten filament bulbs with predictable performance and life expectancy. GE also licensed the Mazda name, socket sizes, and tungsten filament technology to other manufacturers to establish a standard for lighting. Bulbs were soon sold by many manufacturers with the Mazda name licensed from GE, including British Thomson-Houston in the United Kingdom, Toshiba in Japan, and GE's chief competitor Westinghouse. Read more...
Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. He retired as chairman of the board of the U.S.-based conglomerate General Electric on October 2, 2017. He was selected as GE's CEO by their board of directors in 2000 to replace Jack Welch upon Welch's retirement from GE. Previously, Immelt had headed up GE's Medical Systems division (now known as GE Healthcare) as its president and CEO. Immelt stepped down as GE's CEO on August 1, 2017. Read more...- The General Electric Concert was a music series sponsored by General Electric and broadcast on the NBC Red Network beginning in 1931.
Featuring orchestral selections along with tenor Richard Crooks, the 30-minute program aired Sunday afternoon at 5:30pm in 1931-32. It moved to Sunday evenings at 9pm for the 1932-33 season. Read more... - List of engines produced by GE Transportation Systems and GE Jenbacher (GE Energy). Where possible, recent examples of usage are shown. Read more...
- Charles Albert Coffin (31 December 1844 – 14 July 1926) was the cofounder and first President of General Electric corporation. Read more...
- GE Healthcare is an American multinational conglomerate incorporated in New York and headquartered in Chicago, Illinois. As of 2017, the company is a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals for imaging modalities that are used in medical imaging procedures. The company offers dyes that are used in magnetic-resonance-imaging procedures. GE Healthcare also manufactures medical diagnostic equipment including CT image machines. Further, it develops healthcare technological solutions for medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery, and biopharmaceutical manufacturing. The company was incorporated in 1994 and operates in more than 100 countries. GE Healthcare operates as a subsidiary of General Electric. Read more...
GEnie log-in Screen on an Apple IIGS, using Jasmine, a late release of a graphic front end for this text-only online service
GEnie (General Electric Network for Information Exchange) was an online service created by a General Electric business, GEIS (now GXS), that ran from 1985 through the end of 1999. In 1994, GEnie claimed around 350,000 users. Peak simultaneous usage was around 10,000 users. It was one of the pioneering services in the field, though eventually replaced by the World Wide Web and graphics-based services, most notably AOL. Read more...
GXS (OpenText GXS) is a subsidiary of OpenText Corporation headquartered in Gaithersburg, Maryland, United States. Its GXS Trading Grid managed more than twelve billion transactions in 2011. Since 2004, GXS has invested more than $250 million in GXS Trading Grid. As of March 16, 2012, more than 550,000 businesses connect to GXS Trading Grid and, on average, more than 2,000 new businesses join each month.
As of December 31, 2011, 58.5% of GXS revenues come from the U.S. and 41.5% of GXS revenues are earned outside the United States and are managed by regional headquarters in Hong Kong, London, São Paulo and Tokyo. Read more...- GE Capital Aviation Services (GECAS) is an Irish–American commercial aviation financing and leasing company. It is the largest commercial airline leasing/financing company in the world by number of aircraft. GECAS is a subsidiary of GE Capital, the finance arm of the large conglomerate, General Electric. The company offers many aviation finance services, including aircraft leasing, aircraft lending, engine leasing, asset management, and aircraft consulting. In terms of aircraft leasing, GECAS purchases aircraft from manufacturers such as Airbus and Boeing, and then leases them to airlines, typically for about eight years, and usually on dry lease contracts. GECAS also offers purchase leasebacks. The company has two global headquarters located in Shannon, County Clare and Norwalk, Connecticut. The company has over 575 employees and 26 offices throughout the world.
GECAS has a fleet of over 1,970 aircraft, used by 270 clients in over 75 countries. GECAS' primary competitor is AerCap, although other companies such as Air Lease Corporation, Aviation Capital Group, BBAM and SMBC Aviation Capital are players in the aviation finance industry. Read more... - GE Wind Energy is a branch of GE Renewable Energy a subsidiary of General Electric. The company manufactures and sells wind turbines to the international market. In 2016, GE was the second largest wind turbine manufacturer in the world. Read more...
- GE Appliances is an appliance company headquartered in Louisville, Kentucky. It is owned by Haier, a Chinese conglomerate. It is one of the largest appliance brands in the United States and manufacturers appliances under the brands of GE, Profile, Cafe, Monogram, and Hotpoint. The company owns FirstBuild, a global co-creation community[clarification needed] and state-of-the-art micro-factory in Louisville, Kentucky.
The company was owned by General Electric until 2016, and was previously known as GE Appliances & Lighting and GE Consumer & Industrial. Haier has the right to use the GE brand name until 2056. Read more...
General Electric Theater was an American anthology series hosted by Ronald Reagan that was broadcast on CBS radio and television. The series was sponsored by General Electric's Department of Public Relations. Read more...
The Thomson-Houston Electric Company was a manufacturing company which was one of the precursors of the General Electric company. Read more...- The Phoebus cartel existed to control the manufacture and sale of incandescent light bulbs. They appropriated market territories and fixed the useful life of such bulbs. Corporations based in Europe and America founded the cartel on January 15, 1925 in Geneva. They had intended the cartel to last for thirty years (1925 to 1955). The cartel ceased operations in 1939 owing to the outbreak of World War II. The cartel included manufacturers Osram, General Electric, Associated Electrical Industries, and Philips, among others.
The Phoebus cartel created a notable landmark in the history of the global economy because it engaged in large-scale planned obsolescence to generate repeated sales and maximize profit. It also reduced competition in the light bulb industry for almost fifteen years. Critics accused the cartel of preventing technological advances that would produce longer-lasting light bulbs. Phoebus based itself in Switzerland. The corporation named itself Phœbus S.A. Compagnie Industrielle pour le Développement de l'Éclairage (French for "Phoebus, Inc. Industrial Company for the Development of Lighting"). Read more... - United States v. General Electric Co., 272 U.S. 476 (1926), is a decision of the United States Supreme Court holding (per Chief Justice Taft) that a patentee who has granted a single license to a competitor to manufacture the patented product may lawfully fix the price at which the licensee may sell the product. Read more...
Penske Truck Leasing Co., L.P. is a joint venture of Penske Corporation, Penske Automotive Group, and Mitsui & Co., Ltd. Headquartered in Reading, Pennsylvania, the company was founded by Team Penske owner Roger Penske on December 1, 1969. The firm serves customers in North America, South America, Europe, Asia, and Australia; among its services are full-service commercial truck leasing, truck fleet maintenance, truck rentals, and used truck sales. The company employs more than 32,000 workers worldwide. Brian Hard is the president and CEO of the company.
In September 2017, GE sold the last of its stake in Penske for $674 million. The 15.5% stake was purchased by Penske and a subsidiary of Mitsui. Read more...
Did you know...
- ... that a collection of light bulbs was bought by General Electric in 1912 for $10,000 and by 1931 was valued at over a million dollars?
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Selected images
A General Electric neon sign
General Electric Building at 570 Lexington Avenue, New York
Carmen Miranda in a 1945 advertisement for a General Electric FM radio in The Saturday Evening Post
GE facility in Schenectady, New York
GE gauges to control a railway locomotive at a museum near Saskatoon, Canada
GE Global Operations Center in Downtown Cincinnati, Ohio
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