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Showing posts from May, 2011

GE Brief Review

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Type Public Dow Jones Industrial Average Component Traded as NYSE: GE Industry Conglomerate Founded Schenectady, New York (1892) Founder(s) Thomas Edison Elihu Thomson Edwin J. Houston Charles A. Coffin Headquarters 3135 Easton Turnpike Fairfield, Connecticut, U.S.[1] Area served Worldwide Key people Jeffrey R. Immelt (Chairman and CEO) Jack Welch (Former Chairman and CEO 1981-2001) Products Appliances Aviation Consumer Electronics Electrical distribution Energy Entertainment Finance Gas Healthcare Lighting Locomotives Oil Software Water Weapons Wind turbines Revenue US$ 104.635 billion (2010)[2] Operating income US$ 15.166 billion (2010)[2] Net income US$ 12.163 billion (2010)[2] Total assets US$ 751.216 billion (2010)[2] Total equity US$ 124.198 billion (2010)[2] Employees 287,000 (2010)[2] Subsidiaries GE Energy GE Technology Infrastructure GE Capital NBCUniversal (49%) GE ...

THOMAS EDISON & GE.

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The year was 1876, America's centennial, and for most Americans, a time for looking backward with pride. For others like Thomas Edison it was a time to look forward to the possibilities that lay ahead. The electrical exhibits at the Centennial Exposition in Philadelphia marked the beginning of a productive new era of harnessing our imagination. 1876 was also the year that Thomas Alva Edison opened a laboratory in Menlo Park, New Jersey, where he could explore the possibilities of the dynamo and other electrical devices that he had seen in the Exposition. Out of that laboratory was to come perhaps the greatest invention of the age - a successful incandescent electric lamp. By 1890, Edison established the Edison General Electric Company by bringing his various businesses together. During that period, a competitor emerged. The Thomson-Houston Company became a dominant electrical innovation company through a series of mergers led by Charles A. Coffin, a former shoe manufacturer from Ly...