General Electric Company
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General Electric Company
The General Electric Company (GEC) was a major British industrial conglomerate involved in consumer and Arms industry, defence electronics, communications, and engineering. It was originally founded in 1886 as G. Binswanger and Company as an electrical goods wholesaler based in London. It quickly adopted a then-unorthodox business model of supplying electrical components over the counter. In 1889, the business was incorporated as the General Electric Company Ltd, and became a public limited company 11 years later. During the 1890s and 1900s, the company heavily invested into electric lighting, a sector that proved to be immensely profitable in the long term. The GEC was heavily impacted by the outbreak of the First World War, supplying various goods to the military, and thus becoming a major player in the electrical industry. In 1921, a new purpose-built company headquarters (Magnet House) was opened in Kingsway, London; two years later, GEC's industrial research laboratories at ...
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General Electric
General Electric Company (GE) was an American Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1892, incorporated in the New York (state), state of New York and headquartered in Boston. Over the years, the company had multiple divisions, including GE Aerospace, aerospace, GE Power, energy, GE HealthCare, healthcare, lighting, locomotives, appliances, and GE Capital, finance. In 2020, GE ranked among the Fortune 500, ''Fortune'' 500 as the 33rd largest firm in the United States by gross revenue. In 2023, the company was ranked 64th in the Forbes Global 2000, ''Forbes'' Global 2000. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize. From 1986 until 2013, GE was the owner of the NBC television network through its ...
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Kingsway, London
The A4200 is a major thoroughfare in central London. It runs between the A4 at Aldwych, to the A400 Hampstead Road/Camden High Street, at Mornington Crescent tube station, via Holborn, Bloomsbury, Euston and Somers Town. Kingsway Kingsway is a major road in central London, designated as part of the A4200. It runs from High Holborn, at its north end in the London Borough of Camden, and meets Aldwych in the south in the City of Westminster at Bush House. It was opened by King Edward VII in 1905. Together Kingsway and Aldwych form one of the major north–south routes through central London linking the ancient east–west routes of High Holborn and Strand. The name "King's Way" originally applied to what is now Theobalds Road, as it was the route that King James I took when travelling from London to his residence Theobalds Palace in Hertfordshire. History Building the road The road was purpose-built as part of a major redevelopment of the area in the 1900s. ...
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FTSE 100 Index
The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is the United Kingdom's best-known stock market index of the 100 most highly capitalised blue chips listed on the London Stock Exchange. History The index started on 3 January 1984, having been constructed by the London Stock Exchange to better reflect activity on the market. The index would replace the Financial Times' own FT 30 after its public unveiling on 14 February. As late as 10 February, the Stock Exchange referred to the index as 'SE 100', cutting out the Financial Times who had not contributed to its construction. Recognition was ultimately given to the fact that having the FT involved in the official launch possessed value. The new index allowed the Stock Exchange's own London Traded Options Market (LTOM) to launch an options contract derived from the FTSE's real-time data in May 1984, while competitors LIFFE were quick to coinci ...
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W & T Avery
W & T Avery Ltd. (later GEC Avery) was a British manufacturer of weighing machines. The company was founded in the early 18th century and took the name W & T Avery in 1818. Having been taken over by General Electric Company plc, GEC in 1979 the company was later renamed into GEC-Avery. The company became Avery Berkel in 1993 when GEC acquired the Dutch company Berkel. After the take over by Weigh-Tronix in 2000 the company was again renamed to be called Avery Weigh-Tronix with Avery Berkel continuing to operate as a brand. The company is based in Smethwick, West Midlands, United Kingdom. History The undocumented origin of the company goes back to 1730 when James Ford established the business in Digbeth. On Joseph Balden the then owner's death in 1813 William and Thomas Avery took over his scalemaking business and in 1818 renamed it W & T Avery. The business rapidly expanded and in 1885 they owned three factories: the Atlas Works in West Bromwich, the Mill Lane Works in Bir ...
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