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General Electric Timeline
General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable en ... has a long history, involving numerous mergers, acquisitions, and divestitures. 1876-1950 ;GE timeline 1950-2000 2000 and beyond References {{General Electric General Electric ...
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General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. 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. On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it wi ...
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Dow Jones Industrial Average
The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes. Many professionals consider it to be an inadequate representation of the overall U.S. stock market compared to a broader market index such as the S&P 500. The DJIA includes only 30 large companies. It is Price-weighted index, price-weighted, unlike stock indices which use market capitalization. Furthermore, the DJIA does not use a weighted arithmetic mean. The value of the index can also be calculated as the sum of the stock prices of the companies included in the index, divided by a factor which is currently () approximately 0.152. The factor is changed whenever a constituent company undergoes a stock split so that the value of the index is unaffected by the stock split. First calculated on May 26, 1896, the index is the second-oldest ...
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GE Consumer Finance
GE Capital is the financial services division of General Electric. The company currently only runs one division, GE Energy Financial Services. It had provided additional services in the past; however, those units were sold between 2013 and 2018. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a "systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. The following areas were sold: *GE Capital Sponsor Finance was sold to Canada Pension Plan Investment Board and Sumitomo Mitsui Bankin ...
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GE Plastics
Saudi Basic Industries Corporation ( ar, الشركة السعودية للصناعات الأساسية), known as SABIC ( ar, سابك), is a Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals. It is the second largest public company in the Middle East and Saudi Arabia as listed in Tadawul. In 2017, SABIC was ranked fourth in the world among chemical companies by Fortune Global 500. By the end of 2018 SABIC was the world's 281st-largest corporation. In 2014, the company had sales revenues of $50.4 billion, profits of $6.7 billion and assets standing at $90.4 billion. It also has been recognized as the world's second most valuable brand in the chemicals industry by Brand Finance in 2021. History SABIC was founded in 1976 by royal decree to convert oil by-products into useful chemicals, polymers, and fertilizers. The first chairman of the company was Ghazi ...
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Owen Young
Owen D. Young (October 27, 1874July 11, 1962) was an American industrialist, businessman, lawyer and diplomat at the Second Reparations Conference (SRC) in 1929, as a member of the German Reparations International Commission. He is known for Young_Plan, the plan to settle Germany's World War I reparations, known as the Young Plan and for the creation of the RCA, Radio Corporation of America. Young founded RCA as a subsidiary of General Electric in 1919; he became its first chairman and continued in that position until 1929. RCA was divested in 1932 and liquidated by GE in 1986. Early life and family Owen D. Young was born on October 27, 1874 on a small farmhouse in the village of Van Hornesville, Town of Stark, New York. His parents’ names were Jacob Smith Young and Ida Brandow and they worked the farm that his grandfather owned. Owen was an only child, his parents lost their first born son before he was born, and his birth was something rejoiced. He was the first male of the f ...
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AT&T
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile telephone services in the U.S. , AT&T was ranked 13th on the ''Fortune'' 500 rankings of the largest United States corporations, with revenues of $168.8 billion. During most of the 20th century, AT&T had a monopoly on phone service in the United States. The company began its history as the American District Telegraph Company, formed in St. Louis in 1878. After expanding services to Arkansas, Kansas, Oklahoma and Texas, through a series of mergers, it became Southwestern Bell Telephone Company in 1920, which was then a subsidiary of American Telephone and Telegraph Company. The latter was a successor of the original Bell Telephone Company founded by Alexander Graham Bell in 1877. The American Bell Telephone Company formed the American Tele ...
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Radio Corporation Of America
The RCA Corporation was a major American electronics company, which was founded as the Radio Corporation of America in 1919. It was initially a patent pool, patent trust owned by General Electric (GE), Westinghouse Electric Corporation, Westinghouse, AT&T Corporation and United Fruit Company. In 1932, RCA became an independent company after the partners were required to divest their ownership as part of the settlement of a government United States antitrust law, antitrust suit. An innovative and progressive company, RCA was the dominant electronics and communications firm in the United States for over five decades. RCA was at the forefront of the mushrooming radio industry in the early 1920s, as a major manufacturer of radio receivers, and the exclusive manufacturer of the first superheterodyne sets. RCA also created the first nationwide American radio network, the NBC, National Broadcasting Company (NBC). The company was also a pioneer in the introduction and development of te ...
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Plainville, Connecticut
Plainville is a town in Hartford County, Connecticut, Hartford County, Connecticut, United States. The population was 17,525 at the 2020 United States Census, 2020 census. History Plainville first was inhabited by Europeans around 1650. By the 1660s, the land was incorporated as land for nearby Farmington, Connecticut, Farmington. In the year 1869, it separated from Farmington due to the distance of the town center and the growth of Plainville downtown due to the installation of the New York, New Haven and Hartford Railroad and the Hartford, Providence, and Fishkill Railroad. Geography According to the United States Census Bureau, the town has a total area of , of which is land and 0.077 square mile (0.2 km2, or 0.72%, is water. The east side of the town is bordered by two prominent peaks of the Metacomet Ridge: Pinnacle Rock (Connecticut), Pinnacle Rock and Bradley Mountain. The Metacomet Trail traverses those peaks. Demographics As of the 2020 United States Census, c ...
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Telechron
Telechron is the name of a U.S. company that manufactured electric clocks between 1912 and 1992. "Telechron" is derived from the Greek word''tele'' meaning "far off," an''chronos'' "time," thus referring to the transmission of time over long distances. Founded by Henry Ellis Warren, Telechron introduced the synchronous electric clock, which keeps time by the oscillations of the alternating current electricity that powers it from the electric power grid. Telechron had its heyday between 1925 and 1955, when it sold millions of electric clocks to American consumers. Henry Warren: the Synchronous Motor and the Master Clock Henry E. Warren established the company in 1912 in Ashland, Massachusetts. Initially, it was called "The Warren Clock Company," producing battery-powered clocks. These proved unreliable, however, since batteries weakened quickly, which resulted in inaccurate time-keeping. Warren saw electric motors as the solution to this problem. In 1915, he invented a self-star ...
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Synchronous Electric Clock
An electric clock is a clock that is powered by electricity, as opposed to a mechanical clock which is powered by a hanging weight or a mainspring. The term is often applied to the electrically powered mechanical clocks that were used before quartz clocks were introduced in the 1980s. The first experimental electric clocks were constructed around the 1840s, but they were not widely manufactured until mains electric power became available in the 1890s. In the 1930s, the synchronous electric clock replaced mechanical clocks as the most widely used type of clock. Types Electric clocks can operate by several different types of mechanism: *''Electromechanical clocks'' have a traditional mechanical movement, which keeps time with an oscillating pendulum or balance wheel powered through a gear train by a mainspring, but use electricity to rewind the mainspring with an electric motor or electromagnet. This mechanism is found mostly in antique clocks. *''Electric remontoire clocks'' ha ...
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Edwin Rice
Edwin Wilbur Rice Jr. (6 May 1862 in La Crosse, Wisconsin – 25 November 1935 in Schenectady, New York (state), New York) was a president and considered one of the three fathers of General Electric (along with Elihu Thomson and Charles A. Coffin). Early life He attended the Boys' Central High School in Philadelphia and was a student of Elihu Thomson. Rice graduated in 1880 and considered going to Yale but decided to join Thomson in New Britain, Connecticut, New Britain, Connecticut, at the American Electric Company as Thomson's assistant at $30 a month. Career In 1883 he continued with Thomson, and moved from New Britain to Lynn, Massachusetts, to work for the newly formed Thomson-Houston Electric Company. There he worked on converting Thomson's inventions into manufactured products. In 1885 he became the factory superintendent when John Meech moved to Europe to head up Thomson-Houston International. Under Rice the Lynn factory grew from almost nothing in 1883 to an ente ...
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Phenolic Resin
Phenol formaldehyde resins (PF) or phenolic resins (also infrequently called phenoplasts) are synthetic polymers obtained by the reaction of phenol or substituted phenol with formaldehyde. Used as the basis for Bakelite, PFs were the first commercial synthetic resins (plastics). They have been widely used for the production of molded products including billiard balls, laboratory countertops, and as coatings and adhesives. They were at one time the primary material used for the production of circuit boards but have been largely replaced with epoxy resins and fiberglass cloth, as with fire-resistant FR-4 circuit board materials. There are two main production methods. One reacts phenol and formaldehyde directly to produce a thermosetting network polymer, while the other restricts the formaldehyde to produce a prepolymer known as novolac which can be moulded and then cured with the addition of more formaldehyde and heat.A. Gardziella, L.A. Pilato, A. Knop, Phenolic Resins: Chem ...
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