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Tuesday, December 8, 2009

GE


The General Electric Company, or GE is a multinational American technology and services conglomerate incorporated in the State of New York. In 2009, Forbes ranked GE as the world's largest company. The company has 323,000 employees around the world.

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 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 and Thomson-Houston Company

In 1896, General Electric was one of the original companies listed on the newly-formed Dow Jones Industrial Average and still remains after 113 years, the only one remaining on the Dow (though it has not continuously been in the DOW index).

The Radio Corporation of America was founded by GE in 1919 to further international radio. RCA would quickly grow into an industrial giant of its own.

In May 2008, GE announced it was exploring options for divesting the bulk of its Consumer and Industrial business.

On December 3, 2009, it was announced that NBC Universal will become a joint venture between GE and cable TV operator Comcast. The cable giant will hold a controlling interest in the company, while GE retains a 49% stake and will buy out shares currently owned by Vivendi.

Since over half of GE's revenue is derived from financial services, it is arguably a financial company with a manufacturing arm. It is also one of the largest lenders in countries other than the United States, such as Japan.

GE is foreknown in the manufacture of some major household products such as Electronics, Computer, and Electrical appliances some of which are listed here.

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